Mimecast (NASDAQ:MIME – Get Rating) had its target price lifted by investment analysts at HC Wainwright from $64.00 to $69.00 in a research note issued to investors on Monday, Stock Target Advisor reports. The firm presently has a “buy” rating on the technology company’s stock. HC Wainwright’s target price would indicate a potential downside of 13.66% from the company’s previous close.
Several other analysts also recently commented on MIME. StockNews.com raised shares of Mimecast from a “hold” rating to a “buy” rating in a report on Monday, May 16th. Zacks Investment Research downgraded shares of Mimecast from a “buy” rating to a “hold” rating in a research report on Wednesday, April 13th. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $77.63.
Mimecast stock opened at $79.92 on Monday. Mimecast has a 52 week low of $45.66 and a 52 week high of $85.48. The stock has a 50-day moving average price of $79.63 and a 200 day moving average price of $79.61. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 114.17 and a beta of 1.35.
Several hedge funds have recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL lifted its stake in Mimecast by 22.2% in the 1st quarter. Gamco Investors INC. ET AL now owns 17,600 shares of the technology company’s stock valued at $1,400,000 after buying an additional 3,200 shares in the last quarter. Walleye Capital LLC lifted its position in shares of Mimecast by 437.6% in the first quarter. Walleye Capital LLC now owns 75,225 shares of the technology company’s stock valued at $5,985,000 after acquiring an additional 61,231 shares in the last quarter. Weiss Multi Strategy Advisers LLC boosted its stake in shares of Mimecast by 166.0% in the first quarter. Weiss Multi Strategy Advisers LLC now owns 113,309 shares of the technology company’s stock worth $9,015,000 after acquiring an additional 70,707 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Mimecast during the first quarter worth approximately $500,000. Finally, PenderFund Capital Management Ltd. acquired a new position in Mimecast in the 1st quarter valued at $497,000. 83.55% of the stock is owned by institutional investors and hedge funds.
About Mimecast (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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