Zacks Investment Research upgraded shares of Mobileiron (NASDAQ:MOBL) from a hold rating to a strong-buy rating in a research report released on Wednesday morning. They currently have $5.50 target price on the software maker’s stock.

According to Zacks, “MobileIron, Inc. is engaged in providing security and management solutions for mobile applications, content, and devices. The Company provides software tools for device management, activity intelligence, and security. MobileIron offers multi-OS mobile device management software, mobile application management, Wireless Expense Management, Enterprise Mobility, Mobile Device Security and Bring-Your-Own-Device privacy controls, MobileIron Virtual Smartphone Platform. It serves financial services, government, healthcare, legal, manufacturing, professional services, retail, technology, and telecommunications industries in the United States and internationally. MobileIron, Inc. is headquartered in Mountain View, California. “

Several other analysts also recently weighed in on MOBL. ValuEngine downgraded Mobileiron from a buy rating to a hold rating in a research report on Thursday, July 19th. BidaskClub downgraded Mobileiron from a hold rating to a sell rating in a research report on Saturday, October 13th. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Mobileiron currently has a consensus rating of Buy and an average price target of $6.31.

MOBL stock traded up $0.02 during midday trading on Wednesday, hitting $5.02. The company had a trading volume of 352,148 shares, compared to its average volume of 282,542. Mobileiron has a 52 week low of $3.70 and a 52 week high of $5.71. The company has a market capitalization of $529.89 million, a P/E ratio of -8.81 and a beta of 2.12.

Mobileiron (NASDAQ:MOBL) last announced its quarterly earnings data on Tuesday, October 30th. The software maker reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.04. Mobileiron had a negative return on equity of 89.47% and a negative net margin of 23.27%. The firm had revenue of $49.25 million during the quarter, compared to the consensus estimate of $48.42 million. During the same quarter in the previous year, the company posted ($0.07) earnings per share. The business’s revenue was up 8.2% on a year-over-year basis. On average, equities analysts forecast that Mobileiron will post -0.4 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the business. Bank of Montreal Can increased its stake in shares of Mobileiron by 4,954.2% during the third quarter. Bank of Montreal Can now owns 25,473 shares of the software maker’s stock valued at $135,000 after buying an additional 24,969 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Mobileiron during the first quarter valued at approximately $142,000. Cubist Systematic Strategies LLC purchased a new position in shares of Mobileiron during the first quarter valued at approximately $148,000. Rhumbline Advisers increased its stake in shares of Mobileiron by 40.2% during the second quarter. Rhumbline Advisers now owns 66,625 shares of the software maker’s stock valued at $296,000 after buying an additional 19,100 shares during the period. Finally, Swiss National Bank increased its stake in shares of Mobileiron by 19.3% during the third quarter. Swiss National Bank now owns 96,500 shares of the software maker’s stock valued at $511,000 after buying an additional 15,600 shares during the period. Hedge funds and other institutional investors own 52.31% of the company’s stock.

Mobileiron Company Profile

MobileIron, Inc provides a purpose-built mobile IT platform that enables enterprises to manage and secure mobile applications, content, and devices while offering their employees with device choice, privacy, and a native user experience in the United States and internationally. The company offers MobileIron platform, a government-grade security platform, which combines cloud security, unified endpoint management, secure connectivity, and threat intelligence into an integrated solution designed to protect business data in order to deliver enterprise services to users.

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