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