ValuEngine upgraded shares of Mimecast (NASDAQ:MIME) from a hold rating to a buy rating in a report released on Monday, February 4th.
A number of other equities analysts also recently commented on MIME. Zacks Investment Research upgraded Mimecast from a sell rating to a hold rating in a research report on Thursday, October 11th. Robert W. Baird initiated coverage on Mimecast in a research report on Wednesday, October 17th. They issued an outperform rating and a $45.00 target price on the stock. Summit Insights downgraded Mimecast from a buy rating to a hold rating in a research report on Monday, October 29th. BMO Capital Markets dropped their price objective on Mimecast from $47.00 to $43.00 and set an outperform rating for the company in a research note on Thursday, November 1st. Finally, BidaskClub raised Mimecast from a hold rating to a buy rating in a research note on Saturday, November 3rd. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. Mimecast has a consensus rating of Buy and an average target price of $50.93.
Shares of MIME opened at $48.68 on Monday. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of -256.21 and a beta of 1.00. Mimecast has a 12 month low of $29.67 and a 12 month high of $51.66. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.20.
Mimecast (NASDAQ:MIME) last released its earnings results on Monday, February 11th. The technology company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.04). The firm had revenue of $87.61 million during the quarter, compared to analysts’ expectations of $84.80 million. Mimecast had a negative net margin of 4.14% and a negative return on equity of 6.51%. Research analysts anticipate that Mimecast will post -0.04 earnings per share for the current year.
In other news, COO Edward Vincent Jennings sold 130,000 shares of the business’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $48.28, for a total value of $6,276,400.00. Following the completion of the sale, the chief operating officer now directly owns 130,000 shares of the company’s stock, valued at approximately $6,276,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christopher Fitzgerald sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $47.42, for a total value of $94,840.00. Following the sale, the director now directly owns 23,821 shares of the company’s stock, valued at $1,129,591.82. The disclosure for this sale can be found here. Insiders have sold a total of 420,825 shares of company stock valued at $17,920,939 over the last ninety days. 29.00% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. purchased a new stake in Mimecast during the 4th quarter valued at approximately $72,000. DekaBank Deutsche Girozentrale raised its stake in Mimecast by 131.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,661 shares of the technology company’s stock valued at $110,000 after acquiring an additional 1,511 shares during the last quarter. Simplex Trading LLC purchased a new stake in Mimecast during the 3rd quarter valued at approximately $183,000. First Republic Investment Management Inc. purchased a new stake in Mimecast during the 3rd quarter valued at approximately $203,000. Finally, PEAK6 Investments LLC purchased a new stake in Mimecast during the 3rd quarter valued at approximately $210,000. 67.19% of the stock is owned by hedge funds and other institutional investors.
Mimecast Company Profile
Mimecast Limited, a email and data security company, provides cloud security and risk management services for corporate information and email. The company offers Mimecast Email Security services, including targeted threat protection services, such as URL Protect that addresses the threat from emails containing malicious links; Attachment Protect that reduces threat from weaponized or malware-laden attachments used in spear-phishing and other attacks; Impersonation Protect that gives protection from malware-less social engineering attacks; and Internal Email Protect, which allows customers to monitor, detect, and remediate security threats that originate from within their internal email systems.
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