Jamf (JAMF) Scheduled to Post Quarterly Earnings on Wednesday

Jamf (NASDAQ:JAMF) will announce its earnings results after the market closes on Wednesday, November 8th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Jamf has set its FY 2023 guidance at EPS and its Q3 2023 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Jamf (NASDAQ:JAMF) last announced its quarterly earnings data on Tuesday, August 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.04). The company had revenue of $135.09 million during the quarter, compared to analysts’ expectations of $134.50 million. Jamf had a negative net margin of 21.63% and a negative return on equity of 7.26%. On average, analysts expect Jamf to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Jamf Stock Performance

Shares of JAMF opened at $16.70 on Monday. The stock has a 50-day simple moving average of $16.68 and a 200-day simple moving average of $18.07. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $2.09 billion, a PE ratio of -18.15 and a beta of 0.49. Jamf has a 1 year low of $14.83 and a 1 year high of $24.99.

Insider Buying and Selling at Jamf

In other Jamf news, insider Linh Lam sold 3,333 shares of the business’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $15.60, for a total transaction of $51,994.80. Following the sale, the insider now directly owns 160,503 shares in the company, valued at $2,503,846.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.80% of the stock is owned by company insiders.

Institutional Trading of Jamf

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its position in shares of Jamf by 11.4% in the first quarter. Envestnet Asset Management Inc. now owns 12,163 shares of the company’s stock valued at $236,000 after acquiring an additional 1,245 shares in the last quarter. Stonebridge Capital Advisors LLC lifted its position in shares of Jamf by 67.7% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 4,025 shares of the company’s stock valued at $86,000 after acquiring an additional 1,625 shares in the last quarter. UBS Group AG lifted its position in shares of Jamf by 21.4% in the first quarter. UBS Group AG now owns 12,318 shares of the company’s stock valued at $239,000 after acquiring an additional 2,172 shares in the last quarter. State of Wyoming lifted its position in shares of Jamf by 50.8% in the fourth quarter. State of Wyoming now owns 7,692 shares of the company’s stock valued at $164,000 after acquiring an additional 2,592 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Jamf by 23.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,588 shares of the company’s stock valued at $439,000 after acquiring an additional 3,889 shares in the last quarter. 95.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on JAMF shares. Mizuho decreased their price objective on Jamf from $24.00 to $23.00 in a research note on Wednesday, August 9th. Barclays decreased their target price on Jamf from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, August 9th. Royal Bank of Canada restated an “outperform” rating and set a $24.00 target price on shares of Jamf in a research note on Friday, September 22nd. Needham & Company LLC restated a “buy” rating and set a $35.00 target price on shares of Jamf in a research note on Friday, September 22nd. Finally, JMP Securities restated a “market outperform” rating and set a $30.00 target price on shares of Jamf in a research note on Tuesday, September 26th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $26.43.

Jamf Company Profile

Jamf Holding Corp. offers a cloud software platform for Apple infrastructure and security platform in the Americas, Europe, the Middle. 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 Data Policy, a solution to enforce acceptable usage policies that keeps away from risky sites and content; Jamf School, an apple mobile device management for schools; and Jamf Connect, a ZTNA solution that replaces legacy conditional access and VPN technology.