Yume (YUME) Posts Quarterly Results
Yume (NASDAQ:YUME) released its earnings data on Tuesday. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by $0.01, Analyst Ratings Network.com reports. The company had revenue of $37.29 million for the quarter, compared to the consensus estimate of $35.36 million. The company’s revenue for the quarter was up 40.1% on a year-over-year basis.
On the ratings front, analysts at Citigroup Inc. downgraded shares of Yume from a “buy” rating to a “neutral” rating in a research note on Friday, February 28th. They now have a $7.00 price target on the stock, down previously from $10.00.
Yume (NASDAQ:YUME) traded up 2.70% on Tuesday, hitting $6.46. The stock had a trading volume of 413,173 shares. Yume has a one year low of $5.79 and a one year high of $12.08. The stock’s 50-day moving average is $6.77 and its 200-day moving average is $7.33. The company has a market cap of $208.8 million and a price-to-earnings ratio of 314.50.
YuMe, Inc is engaged in providing digital video brand advertising solutions. Its technologies serve the specific needs of brand advertisers and enable them to find and target large, brand-receptive audiences across a range of Internet-connected devices and digital media properties.
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