Bank of America Cuts Jamf (NASDAQ:JAMF) Price Target to $12.00

Jamf (NASDAQ:JAMF) had its price objective cut by Bank of America from $15.00 to $12.00 in a research report released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities research analysts have also recently weighed in on JAMF. JPMorgan Chase & Co. reduced their price objective on Jamf from $18.00 to $15.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. JMP Securities restated a “market outperform” rating and set a $27.00 price target on shares of Jamf in a research note on Wednesday, May 28th. Mizuho set a $15.00 price objective on Jamf in a report on Wednesday, April 16th. Morgan Stanley dropped their price objective on Jamf from $16.00 to $14.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Finally, Barclays upped their target price on Jamf from $13.00 to $15.00 and gave the company an “equal weight” rating in a report on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.91.

Jamf Stock Performance

Shares of Jamf stock opened at $8.12 on Wednesday. Jamf has a one year low of $7.95 and a one year high of $18.99. The company has a market cap of $1.07 billion, a PE ratio of -21.37, a P/E/G ratio of 1.50 and a beta of 0.37. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.08 and a current ratio of 1.08. The business has a 50-day simple moving average of $9.83 and a 200-day simple moving average of $12.12.

Jamf (NASDAQ:JAMF) last posted its earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.13). The business had revenue of $167.62 million for the quarter, compared to analysts’ expectations of $166.22 million. Jamf had a positive return on equity of 2.20% and a negative net margin of 7.37%. Jamf’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 EPS. On average, equities research analysts forecast that Jamf will post 0.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Dean Hager sold 27,720 shares of the firm’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $10.34, for a total value of $286,624.80. Following the transaction, the director directly owned 270,347 shares in the company, valued at $2,795,387.98. This trade represents a 9.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Beth Tschida sold 11,878 shares of the firm’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $10.34, for a total value of $122,818.52. Following the completion of the transaction, the insider owned 475,932 shares in the company, valued at approximately $4,921,136.88. This trade represents a 2.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,957 shares of company stock valued at $755,361. 2.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Jamf

A number of large investors have recently modified their holdings of the company. Centiva Capital LP grew its stake in shares of Jamf by 4.1% in the fourth quarter. Centiva Capital LP now owns 22,543 shares of the company’s stock valued at $317,000 after buying an additional 898 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Jamf by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,565 shares of the company’s stock worth $654,000 after acquiring an additional 1,754 shares in the last quarter. Versor Investments LP grew its position in shares of Jamf by 19.8% in the 1st quarter. Versor Investments LP now owns 12,100 shares of the company’s stock worth $147,000 after acquiring an additional 2,000 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of Jamf by 2.0% in the 4th quarter. Sei Investments Co. now owns 109,654 shares of the company’s stock worth $1,541,000 after purchasing an additional 2,104 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Jamf by 51.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company’s stock worth $104,000 after purchasing an additional 2,500 shares during the last quarter. 93.81% of the stock is currently owned by hedge funds and other institutional investors.

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.