Jamf (NASDAQ:JAMF) Coverage Initiated at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Jamf (NASDAQ:JAMF) in a report released on Tuesday morning, Marketbeat reports. The brokerage issued a neutral rating and a $21.00 target price on the stock.

JAMF has been the topic of a number of other research reports. Royal Bank of Canada increased their price target on Jamf from $21.00 to $23.00 and gave the company an outperform rating in a research note on Thursday, May 9th. Mizuho increased their price target on Jamf from $21.00 to $22.00 and gave the company a buy rating in a research note on Thursday, May 9th. Canaccord Genuity Group cut their price target on Jamf from $24.00 to $21.00 and set a buy rating on the stock in a research note on Thursday, August 8th. Finally, Needham & Company LLC reaffirmed a buy rating and set a $25.00 price objective on shares of Jamf in a research note on Tuesday, June 4th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Jamf currently has an average rating of Moderate Buy and an average target price of $23.38.

Jamf Stock Down 2.3 %

NASDAQ:JAMF opened at $17.50 on Tuesday. The stock’s fifty day moving average price is $17.80 and its two-hundred day moving average price is $17.75. Jamf has a 52-week low of $14.68 and a 52-week high of $21.41. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market cap of $2.25 billion, a price-to-earnings ratio of -20.59, a P/E/G ratio of 8.11 and a beta of 0.41.

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

Insiders Place Their Bets

In other Jamf news, insider Beth Tschida sold 1,696 shares of the stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $18.76, for a total transaction of $31,816.96. Following the completion of the transaction, the insider now owns 333,631 shares in the company, valued at approximately $6,258,917.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Jamf news, insider Linh Lam sold 5,445 shares of the stock in a transaction dated 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 transaction, the insider now owns 195,140 shares in the company, valued at approximately $3,582,770.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 completion of the transaction, the insider now owns 333,631 shares of the company’s stock, valued at approximately $6,258,917.56. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Jamf

Hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc grew its holdings in shares of Jamf by 17,830.8% in the 2nd quarter. Versant Capital Management Inc now owns 2,331 shares of the company’s stock valued at $38,000 after acquiring an additional 2,318 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of Jamf in the 2nd quarter valued at about $45,000. Assetmark Inc. grew its holdings in shares of Jamf by 20.6% in the 4th quarter. Assetmark Inc. now owns 3,272 shares of the company’s stock valued at $59,000 after acquiring an additional 559 shares in the last quarter. EntryPoint Capital LLC grew its holdings in shares of Jamf by 40.0% in the 1st quarter. EntryPoint Capital LLC now owns 3,319 shares of the company’s stock valued at $61,000 after acquiring an additional 949 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of Jamf by 33.4% in the 1st 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 in the last quarter. Institutional investors 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.