TubeMogul’s Quiet Period Will End on August 27th (NASDAQ:TUBE)
TubeMogul’s (NASDAQ:TUBE) quiet period will end on Wednesday, August 27th. TubeMogul had issued 6,250,000 shares in its public offering on July 18th, AmericanBankingNews.com reports. The total size of the offering was $43,750,000 based on an initial share price of $7.00. During TubeMogul’s quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Several analysts have recently commented on the stock. Analysts at Bank of America initiated coverage on shares of TubeMogul in a research note on Tuesday, August 12th. They set a “buy” rating on the stock. Separately, analysts at Citigroup Inc. initiated coverage on shares of TubeMogul in a research note on Tuesday, August 12th. They set a “buy” rating on the stock. Finally, analysts at BMO Capital Markets initiated coverage on shares of TubeMogul in a research note on Tuesday, August 12th. They set a “market perform” rating and a $10.00 price target on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $11.67.
Shares of TubeMogul (NASDAQ:TUBE) remained flat at $9.16 during trading on Friday. TubeMogul has a 52 week low of $8.15 and a 52 week high of $11.94. The stock has a 50-day moving average of $9.52 and a 200-day moving average of $9.52. The company’s market cap is $262.8 million.
TubeMogul, Inc is an enterprise software company for digital branding. The Company customers primarily include brands, which generally refer to companies, or product lines within companies, that control advertising budgets for a single marketing brand or a group of marketing brands, and the advertising agencies that serve the Company.
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