TubeMogul Inc. (TUBE) Upgraded 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 firms have also recently issued reports on TUBE. JMP Securities cut TubeMogul from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 9th. Oppenheimer Holdings Inc. decreased their price objective on TubeMogul from $18.00 to $14.00 and set an “outperform” rating on the stock in a report on Tuesday, August 9th. JPMorgan Chase & Co. decreased their price objective on TubeMogul from $20.00 to $17.00 and set an “overweight” rating on the stock in a report on Tuesday, August 9th. Citigroup Inc. cut their target price on TubeMogul from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Tuesday, August 9th. Finally, Stephens reaffirmed a “buy” rating on shares of TubeMogul in a research report on Wednesday, June 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $14.55.
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TubeMogul (NASDAQ:TUBE) opened at 8.56 on Wednesday. The company’s 50-day moving average price is $9.15 and its 200-day moving average price is $11.29. The stock’s market cap is $310.04 million. TubeMogul has a 12 month low of $8.44 and a 12 month high of $14.46.
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 consensus estimate 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 business had revenue of $55.40 million for the quarter, compared to analyst estimates of $58.14 million. During the same quarter last year, the business earned ($0.04) EPS. TubeMogul’s revenue for the quarter was up 22.0% compared to the same quarter last year. Equities analysts forecast that TubeMogul will post ($0.58) earnings per share for the current year.
In other news, CEO Brett Wilson sold 30,000 shares of TubeMogul stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $11.25, for a total transaction of $337,500.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Foundation Capital Management sold 39,309 shares of TubeMogul stock in a transaction dated 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. Insiders own 22.20% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Murphy Michael R raised its stake 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 worth $29,490,000 after buying an additional 278,871 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its position 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 worth $13,590,000 after buying an additional 56,481 shares during the period. Elk Creek Partners LLC increased its position in TubeMogul by 20.8% in the second quarter. Elk Creek Partners LLC now owns 1,010,201 shares of the company’s stock worth $6,098,000 after buying an additional 173,633 shares during the period. Vanguard Group Inc. increased its position in TubeMogul by 6.7% in the second quarter. Vanguard Group Inc. now owns 658,957 shares of the company’s stock worth $7,843,000 after buying an additional 41,263 shares during the period. Finally, BlackRock Fund Advisors increased its position in TubeMogul by 42.2% in the second quarter. BlackRock Fund Advisors now owns 570,837 shares of the company’s stock worth $6,793,000 after buying an additional 169,455 shares during the period. 60.49% of the stock is currently owned by institutional investors and hedge funds.
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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