Jamf Holding Corp. (NASDAQ:JAMF) does about 397.31K shares in volume on a normal day but saw 278472 shares change hands in Friday trading. The company now has a market cap of 2.61B USD. Its current market price is $20.71, marking an increase of 0.10% compared to the previous close of $20.69. The 52 week high reached by this stock is $36.18 whilst the lowest price level in 52 weeks is $17.16. The script in recent trading has seen the stock touch a high of $20.86 and a low of $20.17.
Jamf Holding Corp. (JAMF) has a 20-day trading average at $20.57 and the current price is -42.76% off the 52-week high compared with 20.69% distance from its 52-week low. The 50-day simple moving average of the closing price is $20.70 and its 200-day simple moving average is $23.23. If we look at the stock’s price movements over the week, volatility stands at 4.55%, which increases to 4.69% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 50.85 to suggest the stock is neutral.
The consensus objective for the share price is $28.22, suggesting that the stock has a potential upside of 26.61% over the period. The median price target is 26.04% away from the current levels at $28.00.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 18, 2022 when Barclays upgraded the stock to “Overweight” and issued a price target of between $26 and $28. Craig Hallum downgraded the stock to “Hold” from Buy on August 05, 2022 at a price target of $31-$29. Goldman resumed its price target at $38.
The current price level is 0.98%, 0.07%, and -11.05% away from its SMA20, SMA50, and SMA200 respectively, with the JAMF price moving above the 50-day SMA on February 17. Jamf Holding Corp. (JAMF) stock is up 1.52% over the week and 6.86% over the past month. Its price is -2.77% year-to-date and -40.28% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of $0.04 above consensus estimates by $0.01. The company’s next earnings report is expected on 05/09/2023, with forecasts estimating quarterly EPS at $0.04 and $0.15 for whole year. Expected sales for next quarter are $131.7 million, which analysts say will come at $477.38 million for the current fiscal year and next year at $570.22 million. In addition, estimates put the company’s current quarterly revenue at an average of $128.9 million.
Its 12-month price target is $28.00. To reach the target analysts have set, the stock logically needs to grow 26.61 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $21.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $35.00.
Outstanding shares total 121.01M with insiders holding 0.64% of the shares and institutional holders owning 98.53% of the company’s common stock. The company has a return on investment of -6.50% and return on equity of -20.40%. The forward price to earnings ratio is 84.88. Price to book ratio is 3.80 and price to sales ratio is 5.76.
According to a U.S. Securities and Exchange Commission filing, Vanguard Explorer Fund has added its position in Jamf Holding Corp. (JAMF) to 3,446,833 shares, mirroring a recent increase by 15.58%. Vanguard Explorer Fund added 0.46 million shares of Jamf Holding Corp. common stock bringing its total worth to about $68.49 million at the end of recent close, SEC documents show. Vanguard Explorer Fund isn’t the only investment manager who changed stakes and is followed by Vanguard Total Stock Market Index, which added 4955.0 shares to end up with 2,034,897 shares worth $40.43 million. Vanguard Small Cap Index Fund raise their holdings by 0.55% in the company over the course of the most recent quarter. It now holds a 1.43% position in Jamf Holding Corp. thanks to 1.73 million shares amounting to $34.37 million.
