Jamf (NASDAQ:JAMF) Earns Buy Rating from Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Jamf (NASDAQ:JAMF) in a research note released on Tuesday, Benzinga reports. They currently have a $25.00 price target on the stock.

JAMF has been the subject of several other reports. The Goldman Sachs Group began coverage on Jamf in a research report on Tuesday, September 3rd. They issued a neutral rating and a $21.00 price objective for the company. Canaccord Genuity Group reduced their price target on shares of Jamf from $24.00 to $21.00 and set a buy rating for the company in a report on Thursday, August 8th. Finally, JMP Securities restated a market outperform rating and set a $30.00 price objective on shares of Jamf in a report on Wednesday, September 18th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $23.38.

Jamf Price Performance

Shares of JAMF stock opened at $17.48 on Tuesday. The firm’s 50 day moving average price is $17.85 and its two-hundred day moving average price is $17.66. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.91 and a current ratio of 0.91. Jamf has a 52-week low of $14.68 and a 52-week high of $21.41. The stock has a market cap of $2.23 billion, a PE ratio of -20.32, a PEG ratio of 8.20 and a beta of 0.41.

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

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. EVR Research LP lifted its stake in Jamf by 282.9% in the 2nd quarter. EVR Research LP now owns 1,570,000 shares of the company’s stock valued at $25,905,000 after purchasing an additional 1,160,000 shares during the last quarter. Marshall Wace LLP raised its stake in Jamf by 2,977.5% in the second quarter. Marshall Wace LLP now owns 1,015,770 shares of the company’s stock valued at $16,760,000 after buying an additional 982,764 shares during the period. Norges Bank acquired a new stake in shares of Jamf in the fourth quarter valued at approximately $13,169,000. Wellington Management Group LLP boosted its stake in shares of Jamf by 6.2% during the 4th quarter. Wellington Management Group LLP now owns 7,871,450 shares of the company’s stock worth $142,158,000 after acquiring an additional 462,257 shares during the period. Finally, Kopp LeRoy C acquired a new position in shares of Jamf during the 1st quarter worth approximately $7,385,000. 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.