Insider Buying: Daniel D. Springer Purchases 4,600 Shares of YuMe Stock (YUME)
YuMe (NASDAQ:YUME) Director Daniel D. Springer acquired 4,600 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was purchased at an average cost of $5.19 per share, with a total value of $23,874.00. Following the purchase, the director now directly owns 100,000 shares in the company, valued at approximately $519,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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.
Shares of YuMe (NASDAQ:YUME) traded up 0.96% during mid-day trading on Friday, hitting $5.28. The stock had a trading volume of 202,769 shares. YuMe has a one year low of $4.72 and a one year high of $12.08. The stock has a 50-day moving average of $5.73 and a 200-day moving average of $6.2. The company’s market cap is $172.4 million.
YuMe (NASDAQ:YUME) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters 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. Analysts expect that YuMe will post $-0.13 EPS 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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