Jamf (NASDAQ:JAMF) Earns “Buy” Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Jamf (NASDAQ:JAMF) in a research report sent to investors on Friday morning, Benzinga reports. The firm currently has a $25.00 target price on the stock.

Several other research analysts have also recently weighed in on JAMF. JMP Securities reaffirmed a market outperform rating and issued a $30.00 price target on shares of Jamf in a report on Tuesday, October 1st. The Goldman Sachs Group initiated coverage on Jamf in a report on Tuesday, September 3rd. They issued a neutral rating and a $21.00 price target on the stock. Finally, Canaccord Genuity Group cut their price objective on Jamf from $24.00 to $21.00 and set a buy rating for the company in a report on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Jamf presently has a consensus rating of Moderate Buy and an average price target of $23.38.

Jamf Stock Performance

NASDAQ:JAMF opened at $17.27 on Friday. The business’s fifty day moving average is $17.67 and its 200 day moving average is $17.62. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of -20.32, a PEG ratio of 8.20 and a beta of 0.41. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.91 and a current ratio of 0.91. Jamf has a 52-week low of $14.68 and a 52-week high of $21.41.

Jamf (NASDAQ:JAMF) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. The firm had revenue of $153.02 million for the quarter, compared to the consensus estimate of $151.66 million. Jamf had a negative net margin of 14.95% and a negative return on equity of 1.97%. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.19) earnings per share. Research analysts predict that Jamf will post 0.04 EPS for the current 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 shares were sold at an average price of $18.36, for a total transaction of $99,970.20. Following the transaction, the insider now directly 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Jamf news, insider Linh Lam sold 5,445 shares of the company’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 sale, the insider now directly owns 195,140 shares in the company, valued at $3,582,770.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Beth Tschida sold 1,696 shares of the firm’s 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 transaction, the insider now directly owns 333,631 shares in the company, valued at $6,258,917.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Jamf

Several hedge funds and other institutional investors have recently bought and sold shares of JAMF. Versant Capital Management Inc increased its stake in shares of Jamf by 17,830.8% in the second quarter. Versant Capital Management Inc now owns 2,331 shares of the company’s stock worth $38,000 after buying an additional 2,318 shares during the period. Fifth Third Bancorp bought a new stake in Jamf in the 2nd quarter worth $45,000. EntryPoint Capital LLC increased its position in shares of Jamf by 40.0% in the first quarter. EntryPoint Capital LLC now owns 3,319 shares of the company’s stock valued at $61,000 after acquiring an additional 949 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Jamf by 33.4% during 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 last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Jamf during the second quarter worth about $81,000. 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.