Jamf (NASDAQ:JAMF) Given "Buy" Rating at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Jamf (NASDAQ:JAMF - Free Report) in a report published on Tuesday morning,Benzinga reports. They currently have a $25.00 price objective on the stock.

Several other research analysts have also commented on JAMF. Piper Sandler reduced their price target on Jamf from $25.00 to $23.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. JMP Securities reissued 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 shares of Jamf in a research report on Monday, October 14th. They issued an "equal weight" rating and a $20.00 price objective on the stock. Finally, Barclays lowered their target price on shares of Jamf from $20.00 to $17.00 and set an "equal weight" rating for the company in a research note on Friday, January 10th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $22.00.

Jamf Stock Up 1.1 %

JAMF stock traded up $0.16 during trading on Tuesday, hitting $14.56. 371,921 shares of the company's stock traded hands, compared to its average volume of 571,136. The business has a fifty day simple moving average of $14.66 and a two-hundred day simple moving average of $16.49. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $1.86 billion, a P/E ratio of -26.45, a PEG ratio of 0.99 and a beta of 0.37. Jamf has a 1 year low of $13.40 and a 1 year high of $21.41.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Quarry LP grew its stake in shares of Jamf by 130.9% during the 3rd quarter. Quarry LP now owns 2,478 shares of the company's stock worth $43,000 after purchasing an additional 1,405 shares during the period. Versant Capital Management Inc grew its position in Jamf by 24.5% during the fourth quarter. Versant Capital Management Inc now owns 4,039 shares of the company's stock valued at $57,000 after buying an additional 795 shares during the period. Venturi Wealth Management LLC increased its holdings in Jamf by 57.1% in the third quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company's stock valued at $63,000 after buying an additional 1,327 shares in the last quarter. Assetmark Inc. raised its position in shares of Jamf by 45.9% in the third quarter. Assetmark Inc. now owns 4,406 shares of the company's stock worth $76,000 after acquiring an additional 1,387 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Jamf during the 2nd quarter worth about $81,000. Hedge funds and other 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.