Mimecast (NASDAQ:MIME) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday, January 20th.
Other research analysts also recently issued research reports about the stock. Jefferies Group reiterated a “buy” rating and set a $38.00 target price on shares of Mimecast in a research report on Friday, November 10th. Dougherty & Co boosted their target price on shares of Mimecast from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, November 6th. Royal Bank of Canada reiterated a “buy” rating and set a $33.00 target price on shares of Mimecast in a research report on Wednesday, October 18th. Oppenheimer reiterated a “buy” rating and set a $35.00 target price (up previously from $32.00) on shares of Mimecast in a research report on Thursday, November 9th. Finally, Deutsche Bank assumed coverage on shares of Mimecast in a research report on Tuesday, December 19th. They set a “buy” rating and a $35.00 target price on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $35.00.
Mimecast (NASDAQ:MIME) traded down $0.20 during trading on Friday, hitting $31.87. 433,431 shares of the company were exchanged, compared to its average volume of 236,983. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.32. Mimecast has a 52 week low of $19.12 and a 52 week high of $33.05. The firm has a market cap of $1,826.76, a P/E ratio of -199.19 and a beta of 0.47.
Mimecast (NASDAQ:MIME) last released its earnings results on Wednesday, November 8th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.01. Mimecast had a negative net margin of 4.16% and a negative return on equity of 11.28%. analysts anticipate that Mimecast will post -0.16 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in MIME. Quantbot Technologies LP bought a new stake in Mimecast during the 2nd quarter valued at $104,000. Invictus RG bought a new stake in shares of Mimecast in the 3rd quarter worth $143,000. Bronfman E.L. Rothschild L.P. bought a new stake in shares of Mimecast in the 3rd quarter worth $200,000. Cubist Systematic Strategies LLC bought a new stake in shares of Mimecast in the 2nd quarter worth $290,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Mimecast in the 2nd quarter worth $327,000. Institutional investors and hedge funds own 58.44% of the company’s stock.
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Mimecast Company Profile
Mimecast Limited is a provider of cloud security and risk management services for corporate information and e-mail. The Company’s suite of cloud services protects customers from the business and data security risks. It also mitigates the business disruption that e-mail failure or downtime causes. In addition, its archiving services secure, store and manage critical corporate communications and information to address the compliance and e-discovery requirements.
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