YuMe Stock Rating Reaffirmed by Piper Jaffray (YUME)
YuMe (NASDAQ:YUME)‘s stock had its “overweight” rating reaffirmed by analysts at Piper Jaffray in a research report issued to clients and investors on Thursday. They currently have a $8.00 price objective on the stock, down from their previous price objective of $10.00. Piper Jaffray’s price objective would indicate a potential upside of 41.84% from the stock’s previous close.
YuMe (NASDAQ:YUME) opened at 5.72 on Thursday. 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 $185.2 million.
YuMe (NASDAQ:YUME) last announced its earnings results on Wednesday, August 13th. The company reported $0.08 earnings per share for the quarter, beating the analysts’ 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. Analysts expect that YuMe will post $-0.06 EPS 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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