YuMe PT Lowered to $8.00 (YUME)
Research analysts at Deutsche Bank cut their price target on shares of YuMe (NASDAQ:YUME) from $10.00 to $8.00 in a report released on Thursday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s target price indicates a potential upside of 39.86% from the stock’s previous close.
Separately, analysts at Piper Jaffray reiterated an “overweight” rating on shares of YuMe in a research note on Thursday. They now have a $8.00 price target on the stock, down previously from $10.00.
YuMe (NASDAQ:YUME) traded down 11.36% during mid-day trading on Thursday, hitting $5.07. The stock had a trading volume of 735,884 shares. YuMe has a 52 week low of $4.72 and a 52 week high of $12.08. The stock has a 50-day moving average of $5.96 and a 200-day moving average of $6.36. The company’s market cap is $164.1 million.
YuMe (NASDAQ:YUME) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.19. The company had revenue of $40.40 million for the quarter, compared to the consensus estimate of $41.50 million. On average, analysts predict that YuMe will post $-0.06 earnings per share for the current fiscal year.
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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