Needham & Company LLC Reaffirms Buy Rating for Jamf (NASDAQ:JAMF)

Jamf (NASDAQ:JAMF)‘s stock had its “buy” rating reaffirmed by Needham & Company LLC in a report released on Tuesday,Benzinga reports. They currently have a $25.00 price target on the stock. Needham & Company LLC’s price target indicates a potential upside of 73.61% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. JMP Securities restated a “market outperform” rating and set a $30.00 price target on shares of Jamf in a research report on Tuesday, October 1st. Morgan Stanley started coverage on Jamf in a report on Monday, October 14th. They set an “equal weight” rating and a $20.00 price objective on the stock. Piper Sandler dropped their target price on Jamf from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, Barclays reduced their price target on shares of Jamf from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Friday, January 10th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.44.

Jamf Price Performance

Shares of NASDAQ:JAMF opened at $14.40 on Tuesday. Jamf has a one year low of $13.40 and a one year high of $21.41. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of -26.18, a PEG ratio of 0.99 and a beta of 0.37. The company’s fifty day moving average price is $14.66 and its 200-day moving average price is $16.49.

Institutional Investors Weigh In On Jamf

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Crestwood Capital Management L.P. purchased a new position in shares of Jamf in the third quarter valued at about $3,470,000. Franklin Resources Inc. grew its stake in shares of Jamf by 8.0% in the third quarter. Franklin Resources Inc. now owns 516,635 shares of the company’s stock worth $8,664,000 after purchasing an additional 38,429 shares during the last quarter. Geode Capital Management LLC increased its holdings in Jamf by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company’s stock valued at $30,391,000 after purchasing an additional 134,314 shares during the period. Atom Investors LP raised its position in Jamf by 213.4% during the 3rd quarter. Atom Investors LP now owns 132,036 shares of the company’s stock valued at $2,291,000 after purchasing an additional 89,901 shares during the last quarter. Finally, 272 Capital LP lifted its holdings in Jamf by 41.4% in the 2nd quarter. 272 Capital LP now owns 151,932 shares of the company’s stock worth $2,507,000 after buying an additional 44,486 shares during the period. 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.