TubeMogul Sees Large Volume Increase After Earnings Beat (TUBE)
Shares of TubeMogul (NASDAQ:TUBE) saw an uptick in trading volume on Tuesday following a better than expected earnings announcement, American Banking News.com reports. 308,293 shares traded hands during trading, an increase of 206% from the previous session’s volume of 100,811 shares.The stock last traded at $9.22 and had previously closed at $9.24.
The company reported $0.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.15) by $0.16. The company had revenue of $28.70 million for the quarter, compared to the consensus estimate of $24.68 million. The company’s quarterly revenue was up 133.3% on a year-over-year basis.
A number of analysts have recently weighed in on TUBE shares. 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 investment 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.
The stock’s 50-day moving average is $9.51 and its 200-day moving average is $9.51. The company’s market cap is $264.5 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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