Jamf’s (JAMF) “Market Outperform” Rating Reiterated at JMP Securities

JMP Securities reissued their market outperform rating on shares of Jamf (NASDAQ:JAMF) in a research report released on Tuesday morning, Benzinga reports. The firm currently has a $30.00 target price on the stock.

A number of other research analysts have also weighed in on the stock. The Goldman Sachs Group started coverage on shares of Jamf in a research note on Tuesday, September 3rd. They issued a neutral rating and a $21.00 price objective on the stock. Needham & Company LLC reaffirmed a buy rating and issued a $25.00 price target on shares of Jamf in a research report on Tuesday, September 24th. Finally, Canaccord Genuity Group cut their price target on Jamf from $24.00 to $21.00 and set a buy rating for the company in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Jamf currently has a consensus rating of Moderate Buy and a consensus price target of $23.38.

Jamf Stock Performance

Shares of JAMF opened at $16.71 on Tuesday. The stock has a 50-day moving average of $17.70 and a 200-day moving average of $17.63. Jamf has a one year low of $14.68 and a one year high of $21.41. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $2.15 billion, a PE ratio of -19.66, a P/E/G ratio of 8.20 and a beta of 0.41.

Jamf (NASDAQ:JAMF) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14. Jamf had a negative return on equity of 1.97% and a negative net margin of 14.95%. The firm had revenue of $153.02 million during the quarter, compared to analysts’ expectations of $151.66 million. During the same quarter last year, the firm posted ($0.19) earnings per share. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, equities research analysts predict that Jamf will post 0.04 EPS for the current fiscal year.

Insider Transactions at Jamf

In related news, insider Linh Lam sold 5,445 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $18.36, for a total transaction of $99,970.20. Following the completion of the sale, the insider now directly owns 195,140 shares of the company’s stock, valued at $3,582,770.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Jamf news, insider Beth Tschida sold 1,696 shares of Jamf stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $18.76, for a total value of $31,816.96. Following the sale, the insider now owns 333,631 shares of the company’s stock, valued at $6,258,917.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Linh Lam sold 5,445 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $18.36, for a total transaction of $99,970.20. Following the completion of the transaction, the insider now owns 195,140 shares in the company, valued at $3,582,770.40. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Jamf

Hedge funds have recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky increased its position in Jamf by 16.1% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 76,117 shares of the company’s stock worth $1,256,000 after buying an additional 10,557 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Jamf by 11.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,517 shares of the company’s stock worth $685,000 after acquiring an additional 4,204 shares during the last quarter. Deerfield Management Company L.P. Series C bought a new stake in shares of Jamf in the second quarter valued at approximately $565,000. EVR Research LP boosted its holdings in shares of Jamf by 282.9% in the second quarter. EVR Research LP now owns 1,570,000 shares of the company’s stock worth $25,905,000 after acquiring an additional 1,160,000 shares during the period. Finally, Alpha DNA Investment Management LLC bought a new position in Jamf in the 2nd quarter worth about $449,000. Institutional investors own 93.81% of the company’s stock.

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.