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Shares of TubeMogul (NASDAQ:TUBE) reached a new 52-week high on Wednesday after the company announced better than expected quarterly earnings, Stock Ratings Network reports. The stock traded as high as $14.12 and last traded at $13.24, with a volume of 5,656,248 shares traded. The stock had previously closed at $9.22.

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.

Several analysts have recently commented on the stock. 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. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. TubeMogul presently has an average rating of “Buy” and a consensus target price of $12.33.

The stock has a 50-day moving average of $9.50 and a 200-day moving average of $9.50. The company’s market cap is $381.2 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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