JPMorgan Chase & Co. Reiterates Buy Rating for TubeMogul Inc. (TUBE)
TubeMogul Inc. (NASDAQ:TUBE)‘s stock had its “buy” rating reissued by equities researchers at JPMorgan Chase & Co. in a report issued on Tuesday. They currently have a $17.00 price target on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 71.89% from the company’s previous close.
Several other brokerages have also recently weighed in on TUBE. First Analysis cut TubeMogul from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $17.00 to $11.00 in a report on Tuesday, August 16th. Oppenheimer Holdings Inc. dropped their price objective on TubeMogul from $18.00 to $14.00 and set an “outperform” rating for the company in a report on Tuesday, August 9th. Piper Jaffray Cos. reissued an “overweight” rating and set a $17.00 price objective (down from $23.00) on shares of TubeMogul in a report on Thursday, August 11th. Citigroup Inc. dropped their price objective on TubeMogul from $18.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, August 9th. Finally, Stephens reissued a “buy” rating on shares of TubeMogul in a report on Wednesday, June 15th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $15.82.
Shares of TubeMogul (NASDAQ:TUBE) opened at 9.89 on Tuesday. The stock’s market capitalization is $358.22 million. The stock has a 50 day moving average of $9.26 and a 200-day moving average of $11.47. TubeMogul has a 52-week low of $8.75 and a 52-week high of $14.46.
TubeMogul (NASDAQ:TUBE) last released its quarterly earnings results 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 the consensus estimate of $58.14 million. During the same period in the prior year, the firm earned ($0.04) earnings per share. The business’s quarterly revenue was up 22.0% compared to the same quarter last year. On average, equities research analysts predict that TubeMogul will post ($0.58) EPS for the current fiscal year.
In other TubeMogul news, major shareholder William B. Elmore sold 39,294 shares of the company’s stock in a transaction that occurred on Wednesday, July 6th. The stock was sold at an average price of $10.70, for a total transaction of $420,445.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brett Wilson sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $11.25, for a total value of $337,500.00. The disclosure for this sale can be found here. 22.20% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in TUBE. Paradigm Asset Management Co. LLC increased its position 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 period. BlackRock Advisors LLC increased its position in 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 period. American International Group Inc. increased its position 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 period. Nationwide Fund Advisors increased its position in TubeMogul by 38.0% in the second quarter. Nationwide Fund Advisors now owns 14,322 shares of the company’s stock worth $170,000 after buying an additional 3,944 shares during the period. Finally, Rhumbline Advisers increased its position in TubeMogul by 38.6% in the second quarter. Rhumbline Advisers now owns 20,602 shares of the company’s stock worth $245,000 after buying an additional 5,736 shares during the period. 60.49% of the stock is owned by hedge funds and other institutional investors.
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.
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