TubeMogul Inc. (TUBE) Rating Reiterated by Albert Fried & Company
TubeMogul Inc. (NASDAQ:TUBE)‘s stock had its “buy” rating reiterated by equities research analysts at Albert Fried & Company in a report issued on Sunday. They presently have a $14.00 price target on the stock. Albert Fried & Company’s price target would indicate a potential upside of 58.55% from the company’s previous close.
Several other brokerages also recently commented on TUBE. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $17.00 target price on shares of TubeMogul in a report on Tuesday, September 27th. First Analysis downgraded TubeMogul from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $17.00 to $11.00 in a report on Tuesday, August 16th. Oppenheimer Holdings Inc. cut their target price on TubeMogul from $18.00 to $14.00 and set an “outperform” rating on the stock in a report on Tuesday, August 9th. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $17.00 target price (down from $23.00) on shares of TubeMogul in a report on Thursday, August 11th. Finally, Citigroup Inc. cut their target price on TubeMogul from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, August 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $15.00.
TubeMogul (NASDAQ:TUBE) opened at 8.83 on Friday. The company’s 50-day moving average price is $9.15 and its 200-day moving average price is $11.34. TubeMogul has a 12-month low of $8.75 and a 12-month high of $14.46. The firm’s market capitalization is $319.82 million.
TubeMogul (NASDAQ:TUBE) last announced its earnings results on Monday, August 8th. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by $0.04. The company had revenue of $55.40 million for the quarter, compared to analyst estimates of $58.14 million. TubeMogul had a negative return on equity of 13.51% and a negative net margin of 8.56%. The firm’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.04) earnings per share. Equities analysts expect that TubeMogul will post ($0.58) EPS for the current fiscal year.
In other TubeMogul news, CEO Brett Wilson sold 30,000 shares of the business’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 transaction of $337,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Foundation Capital Management sold 39,309 shares of the business’s stock in a transaction that occurred on 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. 22.20% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of TUBE. BlackRock Advisors LLC raised its stake in shares of 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 raised its stake in shares of 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. bought a new stake in shares of TubeMogul during the second quarter worth approximately $126,000. A.R.T. Advisors LLC bought a new stake in shares of TubeMogul during the second quarter worth approximately $137,000. Finally, American International Group Inc. raised its stake in shares of 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. 60.49% of the stock is owned by hedge funds and other institutional investors.
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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