Mobileiron (NASDAQ:MOBL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, Zacks.com reports.

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. “

Other equities research analysts have also recently issued reports about the company. Morgan Stanley boosted their price objective on Mobileiron from $5.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Friday, August 2nd. Northland Securities reaffirmed a “buy” rating on shares of Mobileiron in a research note on Friday, November 1st. ValuEngine cut Mobileiron from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub cut Mobileiron from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 22nd. Finally, Craig Hallum began coverage on Mobileiron in a research note on Wednesday, July 24th. They set a “buy” rating and a $11.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $8.81.

Shares of MOBL stock traded down $0.12 on Thursday, reaching $4.76. The stock had a trading volume of 1,034,000 shares, compared to its average volume of 908,368. The company has a 50 day simple moving average of $6.20 and a 200 day simple moving average of $6.27. Mobileiron has a 1 year low of $4.11 and a 1 year high of $7.79. The stock has a market cap of $532.74 million, a P/E ratio of -11.33 and a beta of 1.59. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.31 and a current ratio of 1.34.

Mobileiron (NASDAQ:MOBL) last issued its earnings results on Thursday, October 31st. The software maker reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.01). Mobileiron had a negative return on equity of 100.03% and a negative net margin of 23.43%. The firm had revenue of $52.20 million during the quarter, compared to the consensus estimate of $52.65 million. During the same period last year, the firm posted $0.02 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities research analysts anticipate that Mobileiron will post -0.35 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cowen Prime Services LLC boosted its holdings in shares of Mobileiron by 3.1% in the second quarter. Cowen Prime Services LLC now owns 1,814,600 shares of the software maker’s stock valued at $11,251,000 after purchasing an additional 55,200 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in shares of Mobileiron by 35.4% in the second quarter. UBS Asset Management Americas Inc. now owns 45,216 shares of the software maker’s stock valued at $280,000 after purchasing an additional 11,816 shares during the period. Acadian Asset Management LLC boosted its holdings in shares of Mobileiron by 70.5% in the second quarter. Acadian Asset Management LLC now owns 816,156 shares of the software maker’s stock valued at $5,064,000 after purchasing an additional 337,400 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Mobileiron by 519.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,091 shares of the software maker’s stock valued at $50,000 after purchasing an additional 6,785 shares during the period. Finally, Columbia Pacific Advisors LLC purchased a new stake in shares of Mobileiron in the second quarter valued at approximately $620,000. Hedge funds and other institutional investors own 62.51% of the company’s stock.

About Mobileiron

MobileIron, Inc, together with its subsidiaries, provides 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 worldwide. It offers MobileIron security platform, which includes MobileIron unified endpoint management, a comprehensive security platform that provides the fundamental visibility and IT controls to secure, manage, and monitor various corporate or employee-owned mobile devices or desktops that access business-critical data; MobileIron Access to block untrusted devices and apps from accessing cloud services based on security posture and compliance, as well as provide single sign-on and multifactor authentication for applications on the device; and MobileIron Tunnel that provides secure connectivity through a per-app VPN to connect applications to back-end services.

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