Insider Buying: YuMe Director Acquires 20,000 Shares of Stock (YUME)
YuMe (NASDAQ:YUME) Director Christopher B. Paisley purchased 20,000 shares of YuMe stock in a transaction that occurred on Monday, August 18th. The shares were purchased at an average price of $4.88 per share, for a total transaction of $97,600.00. Following the acquisition, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $195,200. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.
YuMe (NASDAQ:YUME) opened at 5.12 on Thursday. YuMe has a one year low of $4.72 and a one year high of $12.08. The stock’s 50-day moving average is $5.83 and its 200-day moving average is $6.26. The company’s market cap is $167.2 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 $-0.13 earnings per share for the current fiscal year.
YUME has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of YuMe in a research note on Thursday, August 14th. They now have a $6.00 price target on the stock, down previously from $7.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of YuMe in a research note on Thursday, August 14th. They now have a $8.00 price target on the stock, down previously from $10.00. Finally, analysts at Piper Jaffray reiterated an “overweight” rating on shares of YuMe in a research note on Thursday, August 14th. They now have a $8.00 price target on the stock, down previously from $10.00.
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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