TubeMogul Inc. (TUBE) Now Covered by Analysts at B. Riley
B. Riley began coverage on shares of TubeMogul Inc. (NASDAQ:TUBE) in a report released on Monday. The firm set a “buy” rating and a $13.00 price target on the stock. B. Riley’s price objective would suggest a potential upside of 45.09% from the stock’s current price.
A number of other analysts also recently issued reports on the stock. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $17.00 price objective (down from $23.00) on shares of TubeMogul in a report on Thursday, August 11th. First Analysis downgraded shares of TubeMogul from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $17.00 to $11.00 in a report on Tuesday, August 16th. JMP Securities downgraded shares of TubeMogul from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 9th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $17.00 price objective on shares of TubeMogul in a report on Tuesday, September 27th. Finally, Zacks Investment Research downgraded shares of TubeMogul from a “hold” rating to a “sell” rating in a report on Friday, August 12th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $14.55.
TubeMogul (NASDAQ:TUBE) traded up 1.47% during trading on Monday, reaching $8.96. 344,796 shares of the company traded hands. TubeMogul has a 12 month low of $8.75 and a 12 month high of $14.46. The company’s 50-day moving average is $9.15 and its 200 day moving average is $11.31. The company’s market cap is $324.53 million.
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TubeMogul (NASDAQ:TUBE) last posted its quarterly earnings data on Monday, August 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.04. TubeMogul had a negative net margin of 8.56% and a negative return on equity of 13.51%. The business earned $55.40 million during the quarter, compared to analyst estimates of $58.14 million. During the same quarter last year, the business earned ($0.04) earnings per share. TubeMogul’s revenue for the quarter was up 22.0% on a year-over-year basis. On average, analysts anticipate that TubeMogul will post ($0.58) earnings per share for the current year.
In other news, CEO Brett Wilson sold 30,000 shares of the business’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $11.25, for a total value of $337,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Foundation Capital Management sold 39,309 shares of the business’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 disclosure for this sale can be found here. 22.20% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the stock. BlackRock Advisors LLC boosted its stake in shares of TubeMogul by 19.4% in the second quarter. BlackRock Advisors LLC now owns 9,424 shares of the company’s stock worth $112,000 after buying an additional 1,529 shares during the last quarter. Paradigm Asset Management Co. LLC boosted its stake in shares of TubeMogul by 11.1% in the second quarter. Paradigm Asset Management Co. LLC now owns 10,000 shares of the company’s stock worth $119,000 after buying an additional 1,000 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in shares of TubeMogul during the second quarter worth about $126,000. A.R.T. Advisors LLC acquired a new stake in shares of TubeMogul during the second quarter worth about $137,000. Finally, American International Group Inc. boosted its stake in shares of TubeMogul by 24.5% in the second quarter. American International Group Inc. now owns 12,670 shares of the company’s stock worth $151,000 after buying an additional 2,491 shares during the last quarter. 60.49% of the stock is owned by institutional investors.
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.
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