YuMe Sees Unusually-High Trading Volume Following Better-Than-Expected Earnings (YUME)
Shares of YuMe (NASDAQ:YUME) saw unusually-high trading volume on Thursday following a better than expected earnings announcement, Analyst Ratings Network reports. Approximately 551,287 shares changed hands during mid-day trading, an increase of 120% from the previous session’s volume of 250,744 shares.The stock last traded at $5.05 and had previously closed at $5.72.
The company reported $0.08 EPS for the quarter, beating the Thomson Reuters 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.
A number of analysts have recently weighed in on YUME shares. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of YuMe in a research note on Thursday. They now have a $6.00 price target on the stock, down previously from $7.00. Separately, analysts at Deutsche Bank cut their price target on shares of YuMe from $10.00 to $8.00 in a research note on Thursday. They now have a “buy” rating on the stock. Finally, 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.
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 $164.8 million.
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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