TubeMogul Inc. (TUBE) Lifted to “Hold” at Zacks Investment Research
TubeMogul Inc. (NASDAQ:TUBE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.
According to Zacks, “TubeMogul Inc. is an enterprise software company for digital branding. It offers a cloud-based platform that enables advertisers to plan, buy, measure, and optimize video advertising spend from a single platform. TubeMogul makes it cloud-based platform available through two offerings: Platform Direct, which allows advertisers to continuously run campaigns through a self-serve model, and Platform Services, which allows advertisers to specify campaign objectives. The Company serves advertisers, agencies, and publishers throughout world. TubeMogul, Inc. is headquartered in Emeryville, California. “
Several other research analysts also recently issued reports on TUBE. B. Riley began coverage on TubeMogul in a research note on Monday. They issued a “buy” rating and a $13.00 price objective for the company. Citigroup Inc. lowered their price objective on TubeMogul from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, September 13th. Albert Fried & Company reaffirmed a “buy” rating and issued a $14.00 price objective on shares of TubeMogul in a research note on Sunday. JPMorgan Chase & Co. lowered their price objective on TubeMogul from $20.00 to $17.00 and set an “overweight” rating for the company in a research note on Tuesday, August 9th. Finally, Stephens reaffirmed a “buy” rating on shares of TubeMogul in a research note on Wednesday, June 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $14.55.
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Shares of TubeMogul (NASDAQ:TUBE) opened at 8.56 on Wednesday. The firm has a 50-day moving average of $9.15 and a 200 day moving average of $11.29. TubeMogul has a 52-week low of $8.44 and a 52-week high of $14.46. The firm’s market cap is $310.04 million.
TubeMogul (NASDAQ:TUBE) last issued its earnings results 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 business had revenue of $55.40 million for the quarter, compared to analyst estimates of $58.14 million. TubeMogul had a negative return on equity of 13.51% and a negative net margin of 8.56%. The firm’s revenue was up 22.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.04) EPS. On average, equities analysts predict that TubeMogul will post ($0.58) earnings per share for the current year.
In related news, CEO Brett Wilson sold 30,000 shares of the stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $11.06, for a total value of $331,800.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Foundation Capital Management sold 39,309 shares of the stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $9.05, for a total value of $355,746.45. The disclosure for this sale can be found here. Company insiders own 22.20% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. BlackRock Advisors LLC boosted its position 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 in the last quarter. Paradigm Asset Management Co. LLC raised its stake in 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. bought a new stake in TubeMogul during the second quarter worth approximately $126,000. A.R.T. Advisors LLC bought a new stake in TubeMogul during the second quarter worth approximately $137,000. Finally, American International Group Inc. raised its stake in 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. Institutional investors own 60.49% 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.
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