Equities Analysts Set Expectations for TubeMogul Inc.’s Q3 2016 Earnings (TUBE)
TubeMogul Inc. (NASDAQ:TUBE) – Equities researchers at B. Riley issued their Q3 2016 earnings per share (EPS) estimates for TubeMogul in a research report issued to clients and investors on Thursday. B. Riley analyst S. Sinha forecasts that the brokerage will post earnings per share of ($0.23) for the quarter. B. Riley currently has a “Buy” rating and a $13.00 target price on the stock. B. Riley also issued estimates for TubeMogul’s Q4 2016 earnings at $0.00 EPS, FY2016 earnings at ($0.58) EPS, Q1 2017 earnings at ($0.32) EPS, Q2 2017 earnings at ($0.08) EPS, Q3 2017 earnings at ($0.05) EPS, Q4 2017 earnings at $0.16 EPS, FY2017 earnings at ($0.29) EPS and FY2018 earnings at $0.21 EPS.
TUBE has been the subject of a number of other reports. JPMorgan Chase & Co. reissued a “buy” rating and set a $17.00 target price on shares of TubeMogul in a research note on Tuesday, September 27th. Citigroup Inc. lowered their target price on shares of TubeMogul from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, September 13th. Oppenheimer Holdings Inc. lowered their target price on shares of TubeMogul from $18.00 to $14.00 and set an “outperform” rating for the company in a research note on Tuesday, August 9th. First Analysis lowered shares of TubeMogul from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $17.00 to $11.00 in a research note on Tuesday, August 16th. Finally, Albert Fried & Company reaffirmed a “buy” rating and issued a $14.00 price objective on shares of TubeMogul in a research note on Sunday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $14.55.
Shares of TubeMogul (NASDAQ:TUBE) opened at 8.83 on Monday. The stock has a 50 day moving average of $9.15 and a 200-day moving average of $11.34. TubeMogul has a 52 week low of $8.75 and a 52 week high of $14.46. The company’s market capitalization is $319.82 million.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/10/equities-analysts-set-expectations-for-tubemogul-inc-s-q3-2016-earnings-tube.html
TubeMogul (NASDAQ:TUBE) last announced its quarterly earnings results on Monday, August 8th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.04. TubeMogul had a negative return on equity of 13.51% and a negative net margin of 8.56%. The company earned $55.40 million during the quarter, compared to the consensus estimate of $58.14 million. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. The business’s revenue was up 22.0% compared to the same quarter last year.
Several institutional investors have recently bought and sold shares of the stock. Murphy Michael R increased its position in shares of TubeMogul by 12.7% in the second quarter. Murphy Michael R now owns 2,478,190 shares of the company’s stock valued at $29,490,000 after buying an additional 278,871 shares during the period. Adage Capital Partners GP L.L.C. increased its position in shares of 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 increased its position in shares of 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 $6,098,000 after buying an additional 173,633 shares during the period. Vanguard Group Inc. increased its position in shares of TubeMogul by 6.7% in the second quarter. Vanguard Group Inc. now owns 658,957 shares of the company’s stock valued at $7,843,000 after buying an additional 41,263 shares during the period. Finally, BlackRock Fund Advisors increased its position in shares of TubeMogul by 42.2% in the second quarter. BlackRock Fund Advisors now owns 570,837 shares of the company’s stock valued at $6,793,000 after buying an additional 169,455 shares during the period. Hedge funds and other institutional investors own 60.49% of the company’s stock.
In other news, major shareholder Foundation Capital Management sold 39,309 shares of the company’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $9.05, for a total transaction of $355,746.45. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Brett Wilson sold 30,000 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $11.06, for a total transaction of $331,800.00. The disclosure for this sale can be found here. Insiders own 22.20% of the company’s stock.
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.
Receive News & Ratings for TubeMogul Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TubeMogul Inc. and related companies with MarketBeat.com's FREE daily email newsletter.