TubeMogul Inc. (NASDAQ:TUBE) traded down 2.8% during mid-day trading on Tuesday . The stock traded as low as $8.87 and last traded at $8.88, with a volume of 91,513 shares changing hands. The stock had previously closed at $9.14.

Several equities research analysts recently issued reports on the stock. Citigroup Inc. cut their target price on shares of TubeMogul from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, August 9th. Zacks Investment Research downgraded shares of TubeMogul from a “hold” rating to a “sell” rating in a research note on Friday, August 12th. TheStreet downgraded shares of TubeMogul from a “hold” rating to a “sell” rating in a research note on Thursday, May 26th. JMP Securities downgraded shares of TubeMogul from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 9th. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and issued a $17.00 target price (down from $23.00) on shares of TubeMogul in a research note on Thursday, August 11th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. TubeMogul currently has an average rating of “Buy” and a consensus target price of $15.82.

The firm’s 50 day moving average price is $9.56 and its 200-day moving average price is $11.60. The firm’s market capitalization is $320.55 million.

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TubeMogul (NASDAQ:TUBE) last posted its quarterly earnings data on Monday, August 8th. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by $0.04. The firm earned $55.40 million during the quarter, compared to analysts’ expectations of $58.14 million. TubeMogul had a negative net margin of 8.56% and a negative return on equity of 13.51%. The company’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.04) EPS. Analysts predict that TubeMogul Inc. will post ($0.58) EPS for the current year.

In other TubeMogul news, major shareholder William B. Elmore sold 39,294 shares of the stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of $10.70, for a total value of $420,445.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brett Wilson sold 30,000 shares of the stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $9.17, for a total transaction of $275,100.00. The disclosure for this sale can be found here. 22.20% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. Adage Capital Partners GP L.L.C. raised its stake in TubeMogul by 5.7% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,050,200 shares of the company’s stock valued at $13,590,000 after buying an additional 56,481 shares during the period. Elk Creek Partners LLC raised its stake in TubeMogul by 20.8% in the second quarter. Elk Creek Partners LLC now owns 1,010,201 shares of the company’s stock valued at $12,021,000 after buying an additional 173,633 shares during the period. UBS Asset Management Americas Inc. purchased a new stake in TubeMogul during the first quarter valued at approximately $163,000. General Motors Investment Management Corp purchased a new stake in TubeMogul during the second quarter valued at approximately $226,000. Finally, Geode Capital Management LLC raised its stake in TubeMogul by 13.9% in the first quarter. Geode Capital Management LLC now owns 119,051 shares of the company’s stock valued at $1,540,000 after buying an additional 14,507 shares during the period. Hedge funds and other institutional investors own 60.49% of the company’s stock.

About TubeMogul

TubeMogul, Inc provides software for brand advertising. The Company’s software platform is used by advertisers to plan, buy, measure and optimize their global brand advertising. Its self-serve software platform enables advertisers to buy advertisement inventory across various advertising channels, including linear television, video-on-demand, connected television, digital video, digital display and social media.

5 Day Chart for NASDAQ:TUBE

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