TubeMogul Inc. (TUBE) Hits New 1-Year Low Following Insider Selling
TubeMogul Inc. (NASDAQ:TUBE) shares hit a new 52-week low on Wednesday following insider selling activity. The stock traded as low as $7.93 and last traded at $8.00, with a volume of 182,484 shares trading hands. The stock had previously closed at $8.28.
Specifically, insider Keith Eadie sold 9,240 shares of the stock in a transaction on Friday, October 14th. The shares were sold at an average price of $8.30, for a total transaction of $76,692.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brett Wilson sold 30,000 shares of the stock in a transaction on Wednesday, September 7th. The stock was 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. Insiders own 22.20% of the company’s stock.
A number of equities research analysts have commented on TUBE shares. Citigroup Inc. reduced their price target on shares of TubeMogul from $18.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, August 9th. B. Riley started coverage on shares of TubeMogul in a report on Monday, October 10th. They issued a “buy” rating and a $13.00 price target for the company. Albert Fried & Company restated a “buy” rating and issued a $14.00 price target on shares of TubeMogul in a report on Sunday, October 9th. JPMorgan Chase & Co. restated a “buy” rating and issued a $17.00 price target on shares of TubeMogul in a report on Tuesday, September 27th. Finally, First Analysis cut shares of TubeMogul from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $17.00 to $11.00 in a report on Tuesday, August 16th. One investment 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. The stock presently has an average rating of “Buy” and an average target price of $14.55.
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 http://www.americanbankingnews.com/2016/10/19/tubemogul-inc-tube-hits-new-1-year-low-following-insider-selling.html
The stock’s market cap is $289.40 million. The firm’s 50-day moving average price is $9.04 and its 200-day moving average price is $11.14.
TubeMogul (NASDAQ:TUBE) last posted its quarterly earnings results on Monday, August 8th. The company reported ($0.11) 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 firm had revenue of $55.40 million for the quarter, compared to the consensus estimate of $58.14 million. During the same quarter in the prior year, the company earned ($0.04) earnings per share. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. On average, equities research analysts predict that TubeMogul Inc. will post ($0.58) EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of TUBE. BlackRock Institutional Trust Company N.A. raised its position in shares of TubeMogul by 8.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 429,760 shares of the company’s stock valued at $5,114,000 after buying an additional 32,595 shares during the period. BlackRock Fund Advisors raised 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. BlackRock Investment Management LLC raised its position in shares of TubeMogul by 50.8% in the second quarter. BlackRock Investment Management LLC now owns 85,137 shares of the company’s stock valued at $1,013,000 after buying an additional 28,692 shares during the period. BlackRock Advisors LLC raised 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 valued at $112,000 after buying an additional 1,529 shares during the period. Finally, Vanguard Group Inc. raised 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. Institutional investors and hedge funds own 60.55% of the company’s stock.
TubeMogul Company Profile
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.