Shares of Mimecast Limited (NASDAQ:MIME – Get Rating) have been assigned a consensus rating of “Hold” by the nineteen rating agencies that currently cover the company, Marketbeat reports. Fourteen analysts gave the stock a hold rating and five gave the company a buy rating. The 1-year average target price among analysts who have reported on the stock in the past year is $76.92.

A number of brokerages have weighed in on MIME recently. Zacks Investment Research downgraded Mimecast from a “buy” rating to a “hold” rating in a Wednesday, April 13 report. StockNews.com upgraded Mimecast from a “hold” to a “buy” rating in a Monday, May 16 report. Finally, HC Wainwright raised its price target on Mimecast from $64.00 to $69.00 and gave the company a “buy” rating in a Monday, May 23 report.

MIME shares opened at $79.92 on Friday. The stock’s 50-day simple moving average is $79.75 and its 200-day simple moving average is $79.58. The company has a debt ratio of 0.14, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market capitalization of $5.35 billion, a PE ratio of 114.17 and a beta of 1.35. Mimecast has a fifty-two week low of $45.66 and a fifty-two week high of $85.48.

Hedge funds have recently changed their stakes in the company. Victory Capital Management Inc. bought a new position in Mimecast during the fourth quarter worth approximately $396,000. Diversified Trust Co raised its position in Mimecast shares by 70.5% in the fourth quarter. Diversified Trust Co now owns 12,121 shares of the technology company valued at $964,000 after acquiring 5,013 additional shares last quarter. Principal Financial Group Inc. increased its position in Mimecast shares by 57.3% in the fourth quarter. Principal Financial Group Inc. now owns 345,067 shares of the technology company valued at $27,457,000 after acquiring an additional 125,712 shares last quarter. Schonfeld Strategic Advisors LLC raised its position in Mimecast shares by 318.4% in the third quarter. Schonfeld Strategic Advisors LLC now owns 20,500 shares of the technology company valued at $1,304,000 after acquiring 15,600 additional shares last quarter. Finally, BNP Paribas Arbitrage SA increased its position in Mimecast shares by 43.9% in the third quarter. BNP Paribas Arbitrage SA now owns 102,842 shares of the technology company valued at $6,541,000 after acquiring 31,386 additional shares last quarter. Institutional investors hold 83.55% of the company’s shares.

About Mimecast (Get a rating)

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

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