Jamf (NASDAQ:JAMF) Earns “Market Outperform” Rating from JMP Securities

Jamf (NASDAQ:JAMF)‘s stock had its “market outperform” rating reissued by stock analysts at JMP Securities in a report released on Tuesday, Benzinga reports. They presently have a $30.00 price objective on the stock. JMP Securities’ target price points to a potential upside of 66.39% from the stock’s current price.

JAMF has been the subject of a number of other research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 target price on shares of Jamf in a report on Tuesday. The Goldman Sachs Group began coverage on Jamf in a report on Tuesday, September 3rd. They set a “neutral” rating and a $21.00 price objective for the company. Finally, Canaccord Genuity Group cut their price objective on Jamf from $24.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.38.

Jamf Stock Down 3.6 %

NASDAQ:JAMF traded down $0.67 during trading hours on Tuesday, hitting $18.03. 124,435 shares of the company traded hands, compared to its average volume of 516,451. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.53. The firm’s 50-day simple moving average is $17.91 and its 200-day simple moving average is $17.67. Jamf has a one year low of $14.68 and a one year high of $21.41. The company has a market cap of $2.32 billion, a PE ratio of -21.27, a PEG ratio of 7.64 and a beta of 0.41.

Jamf (NASDAQ:JAMF) last released its earnings results on Wednesday, August 7th. The company reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. The company had revenue of $153.02 million for the quarter, compared to analysts’ expectations of $151.66 million. Jamf had a negative return on equity of 1.97% and a negative net margin of 14.95%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.19) EPS. Equities analysts predict that Jamf will post 0.04 earnings per share for the current year.

Insider Buying and Selling at Jamf

In other Jamf news, insider Beth Tschida sold 1,696 shares of the stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $18.76, for a total value of $31,816.96. Following the transaction, the insider now owns 333,631 shares of the company’s stock, valued at $6,258,917.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Beth Tschida sold 1,696 shares of the stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $18.76, for a total transaction of $31,816.96. Following the completion of the sale, the insider now owns 333,631 shares in the company, valued at $6,258,917.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Linh Lam sold 5,445 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $18.36, for a total value of $99,970.20. Following the sale, the insider now owns 195,140 shares of the company’s stock, valued at approximately $3,582,770.40. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Jamf

Institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc lifted its stake in shares of Jamf by 17,830.8% in the 2nd quarter. Versant Capital Management Inc now owns 2,331 shares of the company’s stock valued at $38,000 after purchasing an additional 2,318 shares during the last quarter. Fifth Third Bancorp purchased a new position in shares of Jamf in the 2nd quarter valued at $45,000. Assetmark Inc. increased its holdings in shares of Jamf by 20.6% in the 4th quarter. Assetmark Inc. now owns 3,272 shares of the company’s stock valued at $59,000 after acquiring an additional 559 shares during the period. EntryPoint Capital LLC increased its holdings in shares of Jamf by 40.0% in the 1st quarter. EntryPoint Capital LLC now owns 3,319 shares of the company’s stock valued at $61,000 after acquiring an additional 949 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in shares of Jamf by 33.4% in the 1st quarter. Advisors Asset Management Inc. now owns 4,164 shares of the company’s stock valued at $76,000 after acquiring an additional 1,043 shares during the period. 93.81% of the stock is owned by institutional investors.

About Jamf

Jamf Holding Corp. offers a cloud software platform for Apple infrastructure and security platform in the Americas, Europe, the Middle East, India, and Africa. Its products include Jamf Pro, an Apple ecosystem management software solution for IT environments; Jamf Now, a pay-as-you-go Apple device management software solution for small-to-medium-sized businesses; Jamf School, an apple mobile device management for schools; and Jamf Connect, a ZTNA solution that replaces legacy conditional access and VPN technology.