Last Updated: 17 Sep 2024
Executive Summary
Jamf Holding (JAMF) is a leading provider of enterprise device management solutions. The company's software helps organizations manage and secure Apple devices, including Macs, iPhones, and iPads. Jamf has a strong track record of growth, with revenue increasing by 13.3% year-over-year in the latest quarter. However, the company is currently unprofitable, with a trailing EBITDA margin of -1.49%. The stock is trading at a forward P/E ratio of 18.08, which is in line with its peers. Analysts are generally positive on the stock, with a consensus rating of "Buy."
Company Overview
Jamf was founded in 2002 and is headquartered in Minneapolis, Minnesota. The company's software is used by over 50,000 organizations worldwide, including Fortune 500 companies, government agencies, and educational institutions. Jamf has a strong focus on customer service and support, with a 98% customer satisfaction rating.
Fundamental Analysis
Jamf's financial performance has been strong in recent years. Revenue has grown by an average of 20% per year over the past five years. The company is expected to continue to grow in the future, with analysts forecasting revenue growth of 15% in 2023. However, Jamf is currently unprofitable, with a trailing EBITDA margin of -1.49%. The company is investing heavily in sales and marketing, which is weighing on its profitability.
Technical Analysis
The stock price of Jamf has been trending higher in recent months. The stock is currently trading at $17.52, which is above its 50-day and 200-day moving averages. The stock is also above its 52-week high of $21.41. The technical indicators are bullish, suggesting that the stock has further upside potential.
Short Term Outlook
The short-term outlook for Jamf is positive. The stock is trading above its moving averages and is in an uptrend. The company is also expected to continue to grow in the future. However, investors should be aware that the stock is currently unprofitable and is trading at a forward P/E ratio of 18.08.
Long Term Outlook
The long-term outlook for Jamf is also positive. The company is a leader in the enterprise device management market and is expected to continue to grow in the future. The company's software is essential for organizations that want to manage and secure their Apple devices. However, investors should be aware that the stock is currently unprofitable and is trading at a forward P/E ratio of 18.08.
Analyst Recommendations
Analysts are generally positive on the stock. The consensus rating is "Buy," with a price target of $22.90. The highest price target is $25.00, and the lowest price target is $20.00.
