Jamf (NASDAQ:JAMF) Cut to “Hold” at Wall Street Zen

Jamf (NASDAQ:JAMF) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Friday.

Several other equities analysts also recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Jamf from $15.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday, July 17th. Canaccord Genuity Group cut their price target on Jamf from $19.00 to $15.00 and set a “buy” rating for the company in a report on Friday, August 8th. Morgan Stanley reduced their price target on shares of Jamf from $14.00 to $10.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Needham & Company LLC reiterated a “buy” rating and set a $20.00 target price on shares of Jamf in a research report on Tuesday, August 26th. Finally, Barclays decreased their price target on shares of Jamf from $15.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Monday, July 21st.

Jamf Stock Up 2.1%

Shares of JAMF opened at $9.18 on Friday. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of -23.54, a P/E/G ratio of 1.96 and a beta of 0.39. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.97. Jamf has a 12 month low of $7.09 and a 12 month high of $18.77. The company has a 50-day moving average price of $8.49 and a two-hundred day moving average price of $10.55.

Jamf (NASDAQ:JAMF) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Jamf had a negative net margin of 7.36% and a positive return on equity of 3.02%. The firm had revenue of $176.50 million during the quarter, compared to analysts’ expectations of $168.58 million. During the same quarter last year, the company earned $0.14 earnings per share. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. Jamf has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts predict that Jamf will post 0.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Jamf

A number of hedge funds and other institutional investors have recently made changes to their positions in JAMF. Sunriver Management LLC bought a new position in shares of Jamf during the first quarter worth $37,394,000. Marshall Wace LLP boosted its position in shares of Jamf by 181.7% during the second quarter. Marshall Wace LLP now owns 1,366,919 shares of the company’s stock worth $12,999,000 after purchasing an additional 881,745 shares in the last quarter. Qube Research & Technologies Ltd boosted its position in shares of Jamf by 133.1% during the second quarter. Qube Research & Technologies Ltd now owns 1,369,447 shares of the company’s stock worth $13,023,000 after purchasing an additional 781,968 shares in the last quarter. Palisade Capital Management LP bought a new position in shares of Jamf during the first quarter worth $7,567,000. Finally, BNP Paribas Financial Markets boosted its position in shares of Jamf by 340.0% during the second quarter. BNP Paribas Financial Markets now owns 652,765 shares of the company’s stock worth $6,208,000 after purchasing an additional 504,425 shares in the last quarter. 93.81% of the stock is owned by institutional investors.

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.