Insider Buying: YuMe Director Acquires 4,313 Shares of Stock (YUME)
YuMe (NASDAQ:YUME) Director Daniel D. Springer acquired 4,313 shares of the stock on the open market in a transaction that occurred on Wednesday, August 27th. The shares were purchased at an average price of $5.19 per share, with a total value of $22,384.47. Following the completion of the transaction, the director now directly owns 100,000 shares of the company’s stock, valued at approximately $519,000. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.
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 (NASDAQ:YUME) traded up 0.19% on Thursday, hitting $5.23. The stock had a trading volume of 135,048 shares. YuMe has a 52-week low of $4.72 and a 52-week high of $12.08. The stock’s 50-day moving average is $5.75 and its 200-day moving average is $6.2. The company’s market cap is $170.8 million.
YuMe (NASDAQ:YUME) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.08 earnings per share for the quarter, beating the analysts’ 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, 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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