YuMe Director Purchases $22,384 in Stock (YUME)
YuMe (NASDAQ:YUME) Director Daniel D. Springer purchased 4,313 shares of the stock on the open market in a transaction that occurred on Wednesday, August 27th. The stock was purchased at an average price of $5.19 per share, for a total transaction of $22,384.47. Following the completion of the purchase, the director now directly owns 100,000 shares in the company, valued at approximately $519,000. The acquisition was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on YUME shares. 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) opened at 5.23 on Friday. 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 $170.8 million.
YuMe (NASDAQ:YUME) last announced its 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. 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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