Jamf (NASDAQ:JAMF) Coverage Initiated by Analysts at Morgan Stanley

Morgan Stanley initiated coverage on shares of Jamf (NASDAQ:JAMF) in a research note published on Monday morning, MarketBeat reports. The brokerage issued an equal weight rating and a $20.00 price objective on the stock.

A number of other brokerages have also weighed in on JAMF. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price target on shares of Jamf in a report on Friday, October 4th. JMP Securities reiterated a “market outperform” rating and issued a $30.00 price target on shares of Jamf in a report on Tuesday, October 1st. Canaccord Genuity Group decreased their price target on shares of Jamf from $24.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, The Goldman Sachs Group assumed coverage on shares of Jamf in a report on Tuesday, September 3rd. They set a “neutral” rating and a $21.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.00.

Jamf Trading Down 1.3 %

Shares of JAMF opened at $16.47 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a 50 day simple moving average of $17.59 and a 200-day simple moving average of $17.55. Jamf has a 1-year low of $14.68 and a 1-year high of $21.41. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of -19.38, a price-to-earnings-growth ratio of 7.40 and a beta of 0.41.

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 net margin of 14.95% and a negative return on equity of 1.97%. The firm had revenue of $153.02 million for the quarter, compared to analyst estimates of $151.66 million. During the same quarter last year, the business earned ($0.19) earnings per share. Jamf’s revenue was up 13.3% compared to the same quarter last year. Equities analysts forecast that Jamf will post 0.04 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Linh Lam sold 5,445 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $18.36, for a total value of $99,970.20. Following the completion of the sale, the insider now owns 195,140 shares of the company’s stock, valued at approximately $3,582,770.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Jamf

Hedge funds and other institutional investors have recently modified their holdings of the stock. EntryPoint Capital LLC boosted 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 buying an additional 949 shares during the period. ProShare Advisors LLC raised its holdings in shares of Jamf by 8.5% in the 1st 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 shares of Jamf by 33.4% in the 1st 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. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Jamf by 14.1% in the 2nd 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. Finally, Versant Capital Management Inc raised its holdings 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 worth $38,000 after purchasing an additional 2,318 shares in the last quarter. Institutional investors own 93.81% of the company’s stock.

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.