Insider Buying: YuMe Director Buys 9,000 Shares of Stock (YUME)
YuMe (NASDAQ:YUME) Director Daniel D. Springer acquired 9,000 shares of the company’s stock on the open market in a transaction dated Thursday, September 4th. The stock was purchased at an average cost of $5.45 per share, for a total transaction of $49,050.00. Following the completion of the purchase, the director now directly owns 100,000 shares in the company, valued at approximately $545,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
YuMe (NASDAQ:YUME) traded down 0.18% during mid-day trading on Thursday, hitting $5.48. 145,066 shares of the company’s stock traded hands. 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 $5.66 and a 200-day moving average of $6.16. The company’s market cap is $178.9 million.
YuMe (NASDAQ:YUME) last released its 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. On average, analysts predict that YuMe will post $-0.13 earnings per share for the current fiscal year.
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.
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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