Brokerages Set TubeMogul Inc. (NASDAQ:TUBE) Target Price at $15.00
TubeMogul Inc. (NASDAQ:TUBE) has been assigned an average recommendation of “Buy” from the seventeen analysts that are covering the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $15.00.
TUBE has been the topic of several research reports. JPMorgan Chase & Co. decreased their target price on TubeMogul from $20.00 to $17.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 9th. Citigroup Inc. decreased their target price on TubeMogul from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, August 9th. Oppenheimer Holdings Inc. decreased their target price on TubeMogul from $18.00 to $14.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 9th. JMP Securities lowered TubeMogul from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 9th. Finally, Stephens reissued a “buy” rating on shares of TubeMogul in a research note on Wednesday, June 15th.
TubeMogul (NASDAQ:TUBE) opened at 9.37 on Monday. TubeMogul has a 1-year low of $8.75 and a 1-year high of $14.46. The company’s market cap is $339.38 million. The firm’s 50-day moving average is $9.24 and its 200 day moving average is $11.44.
TubeMogul (NASDAQ:TUBE) last issued its earnings results on Monday, August 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company earned $55.40 million during the quarter, compared to analysts’ expectations of $58.14 million. During the same quarter in the previous year, the company earned ($0.04) earnings per share. The firm’s quarterly revenue was up 22.0% compared to the same quarter last year. Analysts predict that TubeMogul will post ($0.58) earnings per share for the current fiscal year.
In other news, CEO Brett Wilson sold 30,000 shares of the stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $9.17, for a total value of $275,100.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder William B. Elmore sold 39,294 shares of the stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of $10.70, for a total value of $420,445.80. The disclosure for this sale can be found here. 22.20% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TUBE. 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 in the last quarter. 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 in the last quarter. Alliancebernstein L.P. purchased a new position in TubeMogul during the second quarter worth about $126,000. A.R.T. Advisors LLC purchased a new position in TubeMogul during the second quarter worth about $137,000. Finally, 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 in the last quarter. Institutional investors and hedge funds own 60.49% 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.
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