Mimecast Ltd (NASDAQ:MIME) – Research analysts at Jefferies Financial Group issued their Q1 2020 earnings estimates for Mimecast in a research report issued to clients and investors on Tuesday, May 14th. Jefferies Financial Group analyst J. Difucci anticipates that the technology company will post earnings per share of ($0.01) for the quarter. Jefferies Financial Group has a “Buy” rating and a $55.00 price objective on the stock. Jefferies Financial Group also issued estimates for Mimecast’s Q2 2020 earnings at $0.03 EPS, Q3 2020 earnings at $0.06 EPS and FY2020 earnings at $0.17 EPS.
Several other equities analysts have also issued reports on the stock. ValuEngine upgraded shares of Mimecast from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 13th. Summit Insights upgraded shares of Mimecast from a “hold” rating to a “buy” rating in a report on Tuesday, February 12th. Monness Crespi & Hardt restated a “buy” rating and issued a $52.00 target price (up previously from $45.00) on shares of Mimecast in a report on Tuesday, February 12th. BidaskClub upgraded shares of Mimecast from a “hold” rating to a “buy” rating in a report on Thursday, January 31st. Finally, BMO Capital Markets boosted their target price on shares of Mimecast from $43.00 to $52.00 and gave the company an “outperform” rating in a report on Tuesday, February 12th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $53.13.
Mimecast (NASDAQ:MIME) last issued its quarterly earnings results on Monday, May 13th. The technology company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The business had revenue of $92.20 million for the quarter, compared to analyst estimates of $91.34 million. Mimecast had a negative return on equity of 2.85% and a negative net margin of 2.06%. Mimecast’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.05) EPS.
In other Mimecast news, CEO Peter Bauer sold 18,750 shares of Mimecast stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $48.28, for a total value of $905,250.00. Following the completion of the sale, the chief executive officer now directly owns 56,250 shares of the company’s stock, valued at $2,715,750. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Peter Andrew James Campbell sold 70,000 shares of Mimecast stock in a transaction on Friday, March 1st. The shares were sold at an average price of $48.23, for a total transaction of $3,376,100.00. Following the completion of the sale, the chief financial officer now directly owns 50,000 shares of the company’s stock, valued at $2,411,500. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 371,250 shares of company stock valued at $17,804,860. Insiders own 29.00% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Advisor Group Inc. increased its stake in Mimecast by 33.6% in the first quarter. Advisor Group Inc. now owns 970 shares of the technology company’s stock valued at $46,000 after purchasing an additional 244 shares in the last quarter. First Mercantile Trust Co. increased its stake in Mimecast by 223.4% in the first quarter. First Mercantile Trust Co. now owns 1,035 shares of the technology company’s stock valued at $49,000 after purchasing an additional 715 shares in the last quarter. Marshall Wace LLP bought a new stake in Mimecast in the first quarter valued at $49,000. Oppenheimer Asset Management Inc. bought a new stake in Mimecast in the fourth quarter valued at $72,000. Finally, NumerixS Investment Technologies Inc increased its stake in Mimecast by 19.5% in the first quarter. NumerixS Investment Technologies Inc now owns 2,390 shares of the technology company’s stock valued at $114,000 after purchasing an additional 390 shares in the last quarter. 64.43% of the stock is owned by hedge funds and other institutional investors.
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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