Craig Hallum initiated coverage on shares of Mobileiron (NASDAQ:MOBL) in a research note published on Wednesday morning, BenzingaRatingsTable reports. The firm issued a buy rating and a $11.00 target price on the software maker’s stock.

Several other equities research analysts also recently issued reports on the stock. ValuEngine upgraded shares of ZIX from a buy rating to a strong-buy rating in a research report on Saturday, May 4th. Zacks Investment Research downgraded shares of Green Plains from a hold rating to a strong sell rating in a research report on Thursday, June 27th. BidaskClub upgraded shares of Zynerba Pharmaceuticals from a hold rating to a buy rating in a research report on Thursday, June 20th. Finally, Northland Securities initiated coverage on shares of Enphase Energy in a research report on Wednesday, June 26th. They issued an outperform rating and a $24.00 price target for the company. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $7.75.

MOBL stock traded up $0.12 during mid-day trading on Wednesday, hitting $7.05. 810,628 shares of the company were exchanged, compared to its average volume of 929,766. The business has a 50 day simple moving average of $6.05. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.24. Mobileiron has a 1-year low of $3.98 and a 1-year high of $7.09.

Mobileiron (NASDAQ:MOBL) last issued its quarterly earnings data on Thursday, April 25th. The software maker reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.01). The company had revenue of $48.10 million for the quarter, compared to analyst estimates of $48.10 million. Mobileiron had a negative return on equity of 80.43% and a negative net margin of 22.17%. The company’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.06) earnings per share. As a group, research analysts expect that Mobileiron will post -0.39 EPS for the current year.

In other news, VP Sohail M. Parekh sold 25,449 shares of Mobileiron stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $5.99, for a total value of $152,439.51. Following the completion of the sale, the vice president now directly owns 557,080 shares in the company, valued at $3,336,909.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Simon Biddiscombe sold 52,496 shares of Mobileiron stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $6.29, for a total transaction of $330,199.84. Following the completion of the sale, the insider now owns 1,319,105 shares of the company’s stock, valued at $8,297,170.45. The disclosure for this sale can be found here. Over the last quarter, insiders sold 163,034 shares of company stock valued at $1,002,646. 13.48% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MOBL. Prudential Financial Inc. acquired a new stake in shares of Mobileiron in the fourth quarter valued at approximately $126,000. New York State Common Retirement Fund raised its position in shares of Mobileiron by 19.3% in the fourth quarter. New York State Common Retirement Fund now owns 68,000 shares of the software maker’s stock valued at $312,000 after buying an additional 11,000 shares in the last quarter. BlackRock Inc. raised its position in shares of Mobileiron by 5.9% in the fourth quarter. BlackRock Inc. now owns 5,404,353 shares of the software maker’s stock valued at $24,807,000 after buying an additional 301,014 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Mobileiron in the fourth quarter valued at approximately $68,000. Finally, Northern Trust Corp raised its position in shares of Mobileiron by 0.9% in the fourth quarter. Northern Trust Corp now owns 881,218 shares of the software maker’s stock valued at $4,045,000 after buying an additional 8,217 shares in the last quarter. Institutional investors own 57.74% of the company’s stock.

About Mobileiron

MobileIron, Inc, together with its subsidiaries, provides mobile IT platform that enables enterprises to manage and secure mobile applications, content, and devices while offering their employees with device choice, privacy, and a native user experience worldwide. It offers MobileIron security platform, which includes MobileIron unified endpoint management, a comprehensive security platform that provides the fundamental visibility and IT controls to secure, manage, and monitor various corporate or employee-owned mobile devices or desktops that access business-critical data; MobileIron Access to block untrusted devices and apps from accessing cloud services based on security posture and compliance, as well as provide single sign-on and multifactor authentication for applications on the device; and MobileIron Tunnel that provides secure connectivity through a per-app VPN to connect applications to back-end services.

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