Jamf Holding Corp. (NASDAQ: JAMF) only came public over the summer, and analysts are starting to get hyped for this company. The quiet period is over now, so a slew of analyst calls are coming in for this stock.
The underwriters for the offering were Goldman Sachs, JPMorgan, BofA Securities, Barclays, RBC Capital Markets, Mizuho Securities, HSBC, Canaccord Genuity, JMP Securities, Piper Sandler, William Blair, Loop Capital Markets and CastleOak Securities. Now with the quiet period over, the calls are coming in.
Note that this is the standard in Apple Enterprise Management, and its cloud software platform is the only vertically focused Apple infrastructure and security platform of scale in the world.
Basically, Jamf helps organizations, including businesses, hospitals, schools and government agencies, connect, manage and protect Apple products, apps and corporate resources in the cloud without ever having to touch the devices.
In terms of the offering, the company sold 20.7 million shares of common stock at $26 apiece, with an overallotment option of 2.7 million shares. However, shares actually entered the market well above the original pricing, at $46, and they hit a high that day of $51. Shares have fallen off since then.
Analysts were quick to rescue the stock after its slow post-IPO decline. Here’s what analysts are saying:
- JPMorgan initiated coverage with an Overweight rating and a $55 price target.
- Goldman Sachs initiated coverage with a Buy rating and a $44 target price.
- Barclays initiated coverage with an Equal Weight rating and a $40 price target.
- JMP Securities initiated it as Market Perform with a $43 target price.
- RBC initiated coverage with an Outperform rating and a $43 price target.
- Mizuho initiated coverage at Buy with a $43 target price.
- Canaccord Genuity initiated it with a Buy rating and a $45 price target.
- Piper Sandler initiated coverage at Overweight rating with a $65 price target.
Jamf stock was last seen up about 6% at $37.79, in a post-IPO range of $35.50 to $51.00.
24/7 Wall St.Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
