Mimecast Limited (NASDAQ:MIME) Given Consensus Rating of “Hold” by Brokerages | #emailsecurity | #phishing | #ransomware



Shares of Mimecast Limited (NASDAQ:MIME – Get Rating) have received a consensus rating of “Hold” from the eighteen research firms that are presently covering the company, Marketbeat Ratings reports. Fourteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $77.64.

A number of brokerages recently issued reports on MIME. StockNews.com upgraded shares of Mimecast from a “hold” rating to a “buy” rating in a report on Friday. UBS Group cut shares of Mimecast from an “outperform” rating to a “neutral” rating in a report on Friday, January 14th. Zacks Investment Research cut shares of Mimecast from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th. Sumitomo Mitsui Financial Group cut shares of Mimecast from an “outperform” rating to a “neutral” rating and set a $82.00 price target for the company. in a report on Friday, January 14th. Finally, Barclays cut shares of Mimecast from an “overweight” rating to an “equal weight” rating and set a $80.00 price target for the company. in a report on Wednesday, January 19th.

Hedge funds have recently made changes to their positions in the company. USA Financial Portformulas Corp bought a new stake in Mimecast during the fourth quarter worth $36,000. Evoke Wealth LLC bought a new stake in Mimecast during the fourth quarter worth $39,000. North Star Investment Management Corp. raised its position in Mimecast by 61.5% during the fourth quarter. North Star Investment Management Corp. now owns 525 shares of the technology company’s stock worth $42,000 after acquiring an additional 200 shares in the last quarter. CWM LLC bought a new stake in Mimecast during the fourth quarter worth $48,000. Finally, Marshall Wace LLP bought a new stake in Mimecast during the first quarter worth $49,000. 83.55% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ MIME opened at $79.57 on Tuesday. The stock has a market cap of $5.33 billion, a P/E ratio of 113.67 and a beta of 1.35. The firm has a 50 day moving average price of $79.57 and a 200 day moving average price of $79.27. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.58 and a current ratio of 1.58. Mimecast has a 52-week low of $41.89 and a 52-week high of $85.48.

Mimecast Company Profile (Get Rating)

Mimecast Limited provides cloud security and risk management services for corporate information and email. The company offers Mimecast Email Security solution, which protects against the delivery of malware, malicious URLs and attachments, spam, viruses, impersonation attacks, phishing, and spear-phishing attacks, including business email compromise, identity theft, extortion, fraud, and other attacks, while also preventing data leaks and other internal threats, as well as provides awareness training services.

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