YuMe, Inc. (YUME) Cut to “Sell” at ValuEngine
YuMe, Inc. (NYSE:YUME) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Friday.
Separately, TheStreet upgraded shares of YuMe from a “c” rating to a “b-” rating in a research report on Wednesday, August 23rd. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of $3.42.
YuMe (NYSE YUME) traded down 0.85% during mid-day trading on Friday, hitting $4.67. 436,602 shares of the stock traded hands. The stock has a 50-day moving average of $4.74 and a 200 day moving average of $4.40. YuMe has a 1-year low of $3.11 and a 1-year high of $6.06. The firm has a market cap of $161.29 million, a price-to-earnings ratio of 40.61 and a beta of 0.59.
YuMe (NYSE:YUME) last released its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.12 EPS for the quarter, topping the consensus estimate of $0.03 by $0.09. The business had revenue of $42.82 million during the quarter. YuMe had a net margin of 2.46% and a return on equity of 4.36%. On average, equities analysts expect that YuMe will post $0.25 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its position in shares of YuMe by 0.6% during the first quarter. Bank of New York Mellon Corp now owns 34,616 shares of the business services provider’s stock worth $141,000 after acquiring an additional 207 shares during the last quarter. Northern Trust Corp grew its position in shares of YuMe by 4.3% during the second quarter. Northern Trust Corp now owns 56,851 shares of the business services provider’s stock worth $267,000 after acquiring an additional 2,333 shares during the last quarter. Vanguard Group Inc. grew its position in shares of YuMe by 4.1% during the second quarter. Vanguard Group Inc. now owns 706,139 shares of the business services provider’s stock worth $3,319,000 after acquiring an additional 27,556 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of YuMe by 11.8% during the first quarter. Dimensional Fund Advisors LP now owns 271,424 shares of the business services provider’s stock worth $1,110,000 after acquiring an additional 28,650 shares during the last quarter. Finally, Spark Investment Management LLC grew its position in shares of YuMe by 24.1% during the first quarter. Spark Investment Management LLC now owns 194,900 shares of the business services provider’s stock worth $797,000 after acquiring an additional 37,900 shares during the last quarter. Institutional investors and hedge funds own 38.49% of the company’s stock.
YuMe, Inc (YuMe) is an independent provider of multi-screen video advertising technology, connecting brand advertisers, digital media property owners and consumers of video content across a range of Internet-connected devices. The Company operating segments include Domestic and International. The Company offers advertising customers end-to-end marketing solutions by combining data-driven technologies with deep insight into audience behavior.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for YuMe Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YuMe Inc. and related companies with MarketBeat.com's FREE daily email newsletter.