TubeMogul’s (TUBE) “Buy” Rating Reaffirmed at Albert Fried & Company
Several other research analysts have also recently issued reports on TUBE. Citigroup Inc. cut their price objective on TubeMogul from $18.00 to $15.00 and set a buy rating for the company in a research report on Tuesday, August 9th. Stephens reiterated a buy rating on shares of TubeMogul in a research report on Wednesday, June 15th. B. Riley began coverage on TubeMogul in a research report on Wednesday. They issued a buy rating and a $13.00 price objective for the company. JPMorgan Chase & Co. reiterated a buy rating and issued a $17.00 price objective on shares of TubeMogul in a research report on Tuesday, September 27th. Finally, First Analysis cut TubeMogul from an overweight rating to an equal weight rating and cut their price objective for the stock from $17.00 to $11.00 in a research report on Tuesday, August 16th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $15.00.
TubeMogul (NASDAQ:TUBE) opened at 8.83 on Friday. TubeMogul has a 12 month low of $8.75 and a 12 month high of $14.46. The stock’s 50 day moving average is $9.15 and its 200 day moving average is $11.34. The firm’s market cap is $319.82 million.
TubeMogul (NASDAQ:TUBE) last issued its quarterly earnings results on Monday, August 8th. The company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by $0.04. TubeMogul had a negative return on equity of 13.51% and a negative net margin of 8.56%. The company had revenue of $55.40 million for the quarter, compared to analyst estimates of $58.14 million. During the same period in the prior year, the business earned ($0.04) earnings per share. TubeMogul’s revenue for the quarter was up 22.0% compared to the same quarter last year. On average, equities analysts forecast that TubeMogul will post ($0.58) earnings per share for the current year.
In related news, major shareholder Foundation Capital Management sold 39,309 shares of TubeMogul stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $9.05, for a total transaction of $355,746.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brett Wilson sold 30,000 shares of TubeMogul stock in a transaction dated 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. Corporate insiders own 22.20% of the company’s stock.
A number of hedge funds have recently bought and sold shares of TUBE. Murphy Michael R boosted its stake in TubeMogul by 12.7% in the second quarter. Murphy Michael R now owns 2,478,190 shares of the company’s stock worth $29,490,000 after buying an additional 278,871 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in TubeMogul by 5.7% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,050,200 shares of the company’s stock worth $13,590,000 after buying an additional 56,481 shares in the last quarter. Elk Creek Partners LLC boosted its stake in TubeMogul by 20.8% in the second quarter. Elk Creek Partners LLC now owns 1,010,201 shares of the company’s stock worth $6,098,000 after buying an additional 173,633 shares in the last quarter. Vanguard Group Inc. boosted its stake in TubeMogul by 6.7% in the second quarter. Vanguard Group Inc. now owns 658,957 shares of the company’s stock worth $7,843,000 after buying an additional 41,263 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its stake in TubeMogul by 42.2% in the second quarter. BlackRock Fund Advisors now owns 570,837 shares of the company’s stock worth $6,793,000 after buying an additional 169,455 shares in the last quarter. Hedge funds and other institutional investors own 60.49% of the company’s stock.
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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