JMP Securities Reaffirms “Market Outperform” Rating for Jamf (NASDAQ:JAMF)

JMP Securities reaffirmed their market outperform rating on shares of Jamf (NASDAQ:JAMF) in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have a $30.00 price objective on the stock.

Several other analysts have also weighed in on JAMF. Needham & Company LLC reissued a buy rating and issued a $25.00 price objective on shares of Jamf in a report on Tuesday, June 4th. Canaccord Genuity Group lowered 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. Finally, The Goldman Sachs Group initiated coverage on Jamf in a report on Tuesday, September 3rd. They issued a neutral rating and a $21.00 price objective for the company. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Jamf presently has an average rating of Moderate Buy and an average target price of $23.38.

Jamf Stock Down 0.5 %

Shares of NASDAQ JAMF opened at $18.49 on Wednesday. Jamf has a 1 year low of $14.68 and a 1 year high of $21.41. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of -21.75, a PEG ratio of 7.64 and a beta of 0.41. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.91 and a current ratio of 0.91. The stock’s 50-day simple moving average is $17.90 and its 200-day simple moving average is $17.65.

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

Insider Transactions at Jamf

In other news, insider Linh Lam sold 5,445 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $18.36, for a total transaction of $99,970.20. Following the completion of the transaction, the insider now directly owns 195,140 shares in the company, valued at $3,582,770.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Beth Tschida sold 1,696 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 333,631 shares in the company, valued at $6,258,917.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Linh Lam sold 5,445 shares of the business’s stock in a transaction that occurred on 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 directly owns 195,140 shares in the company, valued at approximately $3,582,770.40. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Jamf

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assetmark Inc. raised its holdings in Jamf by 20.6% during the fourth quarter. Assetmark Inc. now owns 3,272 shares of the company’s stock worth $59,000 after purchasing an additional 559 shares in the last quarter. EntryPoint Capital LLC raised its holdings in Jamf by 40.0% during the first quarter. EntryPoint Capital LLC now owns 3,319 shares of the company’s stock worth $61,000 after purchasing an additional 949 shares in the last quarter. ProShare Advisors LLC raised its holdings in Jamf by 8.5% during the first quarter. ProShare Advisors LLC now owns 12,710 shares of the company’s stock worth $233,000 after purchasing an additional 1,000 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Jamf by 33.4% during the first quarter. Advisors Asset Management Inc. now owns 4,164 shares of the company’s stock worth $76,000 after purchasing an additional 1,043 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Jamf by 14.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,177 shares of the company’s stock worth $234,000 after purchasing an additional 1,755 shares in the last quarter. Institutional investors own 93.81% of the company’s stock.

Jamf Company Profile

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.