Jamf Holding Corp. (NASDAQ:JAMF) Receives Consensus Recommendation of “N/A” from Analysts

Jamf Holding Corp. (NASDAQ:JAMF) has earned a consensus recommendation of “N/A” from the zero analysts that are presently covering the firm, MarketBeat.com reports.

Several research analysts recently issued reports on the company. Barclays lifted their price objective on Jamf from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 14th. Needham & Company LLC restated a “buy” rating and issued a $25.00 price objective on shares of Jamf in a research report on Tuesday, June 4th. Royal Bank of Canada lifted their price objective on Jamf from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Thursday, May 9th. Canaccord Genuity Group upped their target price on shares of Jamf from $22.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, May 9th. Finally, Mizuho lifted their price target on shares of Jamf from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, May 9th.

Jamf Stock Down 1.2 %

Jamf stock opened at $17.05 on Thursday. Jamf has a fifty-two week low of $14.68 and a fifty-two week high of $22.89. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of -20.06, a price-to-earnings-growth ratio of 29.39 and a beta of 0.41. The stock’s fifty day moving average is $17.10 and its two-hundred day moving average is $18.10. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.96 and a current ratio of 0.96.

Jamf (NASDAQ:JAMF) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. The firm had revenue of $152.12 million for the quarter, compared to analysts’ expectations of $149.21 million. Jamf had a negative net margin of 18.33% and a negative return on equity of 4.86%. The firm’s revenue was up 15.1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.08) EPS. Analysts predict that Jamf will post 0.01 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Beth Tschida sold 7,526 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $18.27, for a total transaction of $137,500.02. Following the completion of the sale, the insider now directly owns 340,422 shares of the company’s stock, valued at approximately $6,219,509.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Jamf news, CEO John Strosahl sold 25,000 shares of Jamf stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $15.39, for a total transaction of $384,750.00. Following the transaction, the chief executive officer now directly owns 1,043,965 shares of the company’s stock, valued at $16,066,621.35. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Beth Tschida sold 7,526 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $18.27, for a total transaction of $137,500.02. Following the sale, the insider now owns 340,422 shares of the company’s stock, valued at $6,219,509.94. The disclosure for this sale can be found here. Over the last quarter, insiders sold 132,076 shares of company stock valued at $2,310,855. Insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Jamf

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Assetmark Inc. raised its position in Jamf by 20.6% in the fourth quarter. Assetmark Inc. now owns 3,272 shares of the company’s stock valued at $59,000 after purchasing an additional 559 shares during the period. EntryPoint Capital LLC raised its holdings in shares of Jamf by 40.0% during 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. Advisors Asset Management Inc. lifted its position in Jamf by 33.4% during the 1st quarter. Advisors Asset Management Inc. now owns 4,164 shares of the company’s stock worth $76,000 after acquiring an additional 1,043 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Jamf in the 4th quarter worth approximately $163,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Jamf in the fourth quarter valued at approximately $184,000. Institutional investors and hedge funds own 93.81% of the company’s stock.

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.