In today’s recent session, 0.81 million shares of the Jamf Holding Corp. (NASDAQ:JAMF) were traded. Most recently the company’s share price was $32.99, and it changed around $1.53 or 4.86% from the last close, which brings the market valuation of the company to $3.61B. JAMF at last check was trading at a discount to its 52-week high of $49.27, offering almost -49.35% off that amount. The share price’s 52-week low was $27.77, which indicates that the recent value has risen by an impressive 15.82% since then. We note from Jamf Holding Corp.’s average daily trading volume that its 3-month average coming to 980.12K.
Jamf Holding Corp. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.10. If we narrow it down even further, the data shows that 0 out of 12 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 3 recommended JAMF as a Hold, whereas 9 deemed it a Buy, and 0 rated it as Underweight. Jamf Holding Corp. is expected to report earnings per share of $0.01 for the current quarter.
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Instantly JAMF has been showing a green trend so far today with a performance of 4.86% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 33.16 on Friday, 11/19/21 increased the stock’s daily price by 0.51%. The company’s shares are currently up 5.15% year-to-date, but still down -2.12% over the last five days. On the other hand, Jamf Holding Corp. (NASDAQ:JAMF) is -31.61% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $50.73, which translates to bulls needing to increase their stock price by 34.97% from its current value. Analyst projections state that JAMF is forecast to be at a low of $39.00 and a high of $59.00. In order for the stock price to hit the forecast high, the stock would need to plunge -78.84% from its current level, while the stock would need to crash -18.22% from its current level to reach the projected low.
Jamf Holding Corp. (JAMF) estimates and forecasts
Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will loss -50.00% in revenue this quarter, and will report a decrease of -50.00% in the next quarter. The year-over-year growth rate is expected to be 34.70%, up from the previous year.
Consensus estimates provided by 12 financial analysts predict the company will bring in an average of $99.05 million in revenue for the current quarter. 12 analysts expect Jamf Holding Corp. to make $103.53 million in revenue for the quarter ending Mar 2022. The company’s sales for the same quarters a year ago were $76.43 million and $81.17 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 29.60%. Forecasts for the next quarter put sales growth at 27.60%.
Jamf Holding Corp. earnings are expected to increase by 25.40% in 2021, but the outlook is positive 54.15% per year for the next five years.
Jamf Holding Corp.’s next quarterly earnings report is expected to be released on November 11.
Jamf Holding Corp. (NASDAQ:JAMF)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.38% of Jamf Holding Corp. shares, and 98.60% of them are in the hands of institutional investors. The stock currently has a share float of 99.99%. Jamf Holding Corp. stock is held by 213 institutions, with Vista Equity Partners Management, LLC being the largest institutional investor. By Sep 29, 2021, it held 45.63% of the shares, which is about 54.32 million shares worth $2.09 billion.
Dragoneer Investment Group, LLC, with 16.95% or 20.17 million shares worth $777.07 million as of Sep 29, 2021, holds the second largest percentage of outstanding shares.
Smallcap World Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Sep 29, 2021. The former held 3.48 million shares worth $134.13 million, making up 2.92% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 1.51 million shares worth around $50.57 million, which represents about 1.27% of the total shares outstanding.