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Analysts at BMO Capital Markets raised their target price on shares of TubeMogul (NASDAQ:TUBE) from $10.00 to $11.00 in a research report issued to clients and investors on Wednesday. BMO Capital Markets’ price target would indicate a potential downside of 20.41% from the company’s current price.

A number of other firms have also recently commented on TUBE. Analysts at RBC Capital raised their price target on shares of TubeMogul from $11.00 to $13.00 in a research note on Wednesday. They now have a “sector perform” rating on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $12.67.

TubeMogul (NASDAQ:TUBE) traded up 49.89% during mid-day trading on Wednesday, hitting $13.82. 8,436,654 shares of the company’s stock traded hands. TubeMogul has a 52-week low of $8.15 and a 52-week high of $11.94. The stock’s 50-day moving average is $9.50 and its 200-day moving average is $9.50. The company’s market cap is $396.4 million.

TubeMogul (NASDAQ:TUBE) last released its earnings data on Tuesday, August 26th. 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. The company’s quarterly revenue was up 133.3% on a year-over-year basis. Analysts expect that TubeMogul will post $-0.91 EPS for the current fiscal year.

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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