Mimecast Limited (NASDAQ:MIME) Receives Consensus Rating of “Hold” from Brokerages

Mimecast Limited (NASDAQ:MIMEGet Rating) has been assigned an average rating of “Hold” from the eighteen analysts that are covering the firm, MarketBeat Ratings reports. Thirteen equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $76.92.

Several equities research analysts recently commented on the company. HC Wainwright upped their target price on Mimecast from $64.00 to $69.00 and gave the company a “buy” rating in a research report on Monday, May 23rd. StockNews.com upgraded Mimecast from a “hold” rating to a “buy” rating in a research report on Monday, May 16th.

Hedge Funds Weigh In On Mimecast

A number of large investors have recently made changes to their positions in the stock. USA Financial Portformulas Corp bought a new stake in Mimecast during the fourth quarter valued at $36,000. Evoke Wealth LLC purchased a new stake in Mimecast during the fourth quarter valued at about $39,000. North Star Investment Management Corp. raised its position in Mimecast by 61.5% during the fourth quarter. North Star Investment Management Corp. now owns 525 shares of the technology company’s stock valued at $42,000 after purchasing an additional 200 shares in the last quarter. CWM LLC purchased a new stake in Mimecast during the fourth quarter valued at about $48,000. Finally, Parallel Advisors LLC raised its position in Mimecast by 472.2% during the first quarter. Parallel Advisors LLC now owns 904 shares of the technology company’s stock valued at $72,000 after purchasing an additional 746 shares in the last quarter. 83.55% of the stock is owned by institutional investors.

Mimecast Stock Performance

NASDAQ MIME opened at $79.92 on Friday. The business’s 50-day moving average price is $79.92 and its two-hundred day moving average price is $79.69. Mimecast has a 12 month low of $45.66 and a 12 month high of $85.48. The firm has a market capitalization of $5.35 billion, a PE ratio of 114.17 and a beta of 1.35. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.14.

About Mimecast

(Get Rating)

Mimecast Limited provides cloud security and risk management services for corporate information and email. The company offers Mimecast Email Security solution, which protects against the delivery of malware, malicious URLs and attachments, spam, viruses, impersonation attacks, phishing, and spear-phishing attacks, including business email compromise, identity theft, extortion, fraud, and other attacks, while also preventing data leaks and other internal threats, as well as provides awareness training services.

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Analyst Recommendations for Mimecast (NASDAQ:MIME)

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