Jamf (NASDAQ:JAMF) Sees Strong Trading Volume – Should You Buy?

Shares of Jamf Holding Corp. (NASDAQ:JAMF) saw an uptick in trading volume on Thursday . 6,295,104 shares were traded during trading, an increase of 254% from the previous session’s volume of 1,779,448 shares.The stock last traded at $13.0550 and had previously closed at $12.99.

Analysts Set New Price Targets

Several research analysts recently weighed in on JAMF shares. Wall Street Zen cut Jamf from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Piper Sandler cut shares of Jamf from an “overweight” rating to a “hold” rating and set a $13.05 target price for the company. in a report on Wednesday, October 29th. Needham & Company LLC lowered shares of Jamf from a “buy” rating to a “hold” rating and set a $20.00 price target on the stock. in a research report on Wednesday, October 29th. Canaccord Genuity Group downgraded Jamf from a “buy” rating to a “hold” rating and cut their price objective for the company from $15.00 to $13.05 in a research report on Wednesday, October 29th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Jamf in a report on Monday, December 29th.

Jamf Stock Up 0.5%

The company has a debt-to-equity ratio of 0.48, a current ratio of 0.87 and a quick ratio of 0.87. The business’s fifty day simple moving average is $12.99 and its two-hundred day simple moving average is $11.05. The company has a market cap of $1.75 billion, a PE ratio of -40.80, a PEG ratio of 1.79 and a beta of 0.47.

Jamf (NASDAQ:JAMF) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.22 by $0.03. Jamf had a positive return on equity of 4.43% and a negative net margin of 5.98%.The firm had revenue of $183.49 million during the quarter, compared to the consensus estimate of $177.15 million. During the same period in the prior year, the company earned $0.16 EPS. The firm’s revenue was up 15.2% compared to the same quarter last year. On average, analysts predict that Jamf Holding Corp. will post 0.05 earnings per share for the current year.

Institutional Investors Weigh In On Jamf

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada increased its position in Jamf by 4.3% during the first quarter. Royal Bank of Canada now owns 198,991 shares of the company’s stock worth $2,418,000 after buying an additional 8,243 shares during the period. AQR Capital Management LLC boosted its position in Jamf by 59.3% during the first quarter. AQR Capital Management LLC now owns 66,184 shares of the company’s stock worth $804,000 after purchasing an additional 24,639 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Jamf by 5.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,269 shares of the company’s stock worth $599,000 after purchasing an additional 2,704 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Jamf by 36.2% during the first quarter. Millennium Management LLC now owns 473,471 shares of the company’s stock valued at $5,753,000 after acquiring an additional 125,865 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Jamf by 14.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 553,323 shares of the company’s stock valued at $6,723,000 after purchasing an additional 69,414 shares in the last quarter. Institutional investors and hedge funds 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.