Morgan Stanley Initiates Coverage on Jamf (NASDAQ:JAMF)

Morgan Stanley started coverage on shares of Jamf (NASDAQ:JAMF) in a research note issued to investors on Monday morning, MarketBeat Ratings reports. The brokerage issued an equal weight rating and a $20.00 price target on the stock.

Several other research analysts have also weighed in on JAMF. Canaccord Genuity Group dropped their price objective on shares of Jamf from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $30.00 price target on shares of Jamf in a research note on Tuesday, October 1st. Needham & Company LLC reissued a “buy” rating and set a $25.00 price objective on shares of Jamf in a research report on Friday, October 4th. Finally, The Goldman Sachs Group began coverage on Jamf in a research report on Tuesday, September 3rd. They issued a “neutral” rating and a $21.00 target price on the stock. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Jamf currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

Jamf Stock Performance

Shares of JAMF stock opened at $16.69 on Monday. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of -19.64, a P/E/G ratio of 7.40 and a beta of 0.41. Jamf has a 1-year low of $14.68 and a 1-year high of $21.41. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.53. The stock’s fifty day simple moving average is $17.60 and its 200-day simple moving average is $17.56.

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

Insider Buying and Selling

In other Jamf 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 transaction, the insider now owns 195,140 shares in the company, valued at $3,582,770.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Jamf

A number of hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc lifted its position in shares of Jamf by 17,830.8% during the 2nd quarter. Versant Capital Management Inc now owns 2,331 shares of the company’s stock worth $38,000 after purchasing an additional 2,318 shares during the last quarter. Fifth Third Bancorp bought a new position in Jamf in the 2nd quarter worth approximately $45,000. EntryPoint Capital LLC lifted its holdings in shares of Jamf by 40.0% during the first quarter. EntryPoint Capital LLC now owns 3,319 shares of the company’s stock worth $61,000 after buying an additional 949 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Jamf by 33.4% in the first quarter. Advisors Asset Management Inc. now owns 4,164 shares of the company’s stock valued at $76,000 after acquiring an additional 1,043 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Jamf in the second quarter worth $81,000. 93.81% of the stock is currently 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.