Equities Analysts Offer Predictions for TubeMogul Inc.’s Q3 2016 Earnings (TUBE)
TubeMogul Inc. (NASDAQ:TUBE) – Research analysts at B. Riley issued their Q3 2016 earnings estimates for TubeMogul in a note issued to investors on Thursday. B. Riley analyst S. Sinha forecasts that the brokerage will post earnings of ($0.23) per share for the quarter. B. Riley has a “Buy” rating and a $13.00 price objective on the stock. B. Riley also issued estimates for TubeMogul’s Q4 2016 earnings at $0.00 EPS, FY2016 earnings at ($0.58) EPS, Q1 2017 earnings at ($0.32) EPS, Q2 2017 earnings at ($0.08) EPS, Q3 2017 earnings at ($0.05) EPS, Q4 2017 earnings at $0.16 EPS, FY2017 earnings at ($0.29) EPS and FY2018 earnings at $0.21 EPS.
Several other brokerages have also recently issued reports on TUBE. JPMorgan Chase & Co. restated a “buy” rating and set a $17.00 price objective on shares of TubeMogul in a research note on Tuesday, September 27th. Citigroup Inc. cut their price objective on TubeMogul from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, September 13th. Albert Fried & Company restated a “buy” rating and set a $14.00 price objective on shares of TubeMogul in a research note on Sunday. Oppenheimer Holdings Inc. cut their price objective on TubeMogul from $18.00 to $14.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 9th. Finally, First Analysis cut TubeMogul from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $17.00 to $11.00 in a research note on Tuesday, August 16th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. TubeMogul has a consensus rating of “Buy” and a consensus price target of $14.55.
Shares of TubeMogul (NASDAQ:TUBE) opened at 8.96 on Monday. The firm has a 50 day moving average price of $9.15 and a 200-day moving average price of $11.31. TubeMogul has a 52 week low of $8.75 and a 52 week high of $14.46. The firm’s market capitalization is $324.53 million.
TubeMogul (NASDAQ:TUBE) last posted its quarterly earnings data 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. TubeMogul had a negative net margin of 8.56% and a negative return on equity of 13.51%. The firm earned $55.40 million during the quarter, compared to analyst estimates of $58.14 million. During the same period in the prior year, the company posted ($0.04) earnings per share. The firm’s revenue for the quarter was up 22.0% compared to the same quarter last year.
A number of institutional investors have recently modified their holdings of TUBE. Paradigm Asset Management Co. LLC raised its stake in TubeMogul by 11.1% in the second quarter. Paradigm Asset Management Co. LLC now owns 10,000 shares of the company’s stock valued at $119,000 after buying an additional 1,000 shares in the last quarter. BlackRock Advisors LLC raised its stake in TubeMogul by 19.4% in the second quarter. BlackRock Advisors LLC now owns 9,424 shares of the company’s stock valued at $112,000 after buying an additional 1,529 shares in the last quarter. American International Group Inc. raised its stake in TubeMogul by 24.5% in the second quarter. American International Group Inc. now owns 12,670 shares of the company’s stock valued at $151,000 after buying an additional 2,491 shares in the last quarter. Nationwide Fund Advisors raised its stake in TubeMogul by 38.0% in the second quarter. Nationwide Fund Advisors now owns 14,322 shares of the company’s stock valued at $170,000 after buying an additional 3,944 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in TubeMogul by 38.6% in the second quarter. Rhumbline Advisers now owns 20,602 shares of the company’s stock valued at $245,000 after buying an additional 5,736 shares in the last quarter. 60.49% of the stock is owned by hedge funds and other institutional investors.
In other TubeMogul news, CEO Brett Wilson sold 30,000 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $9.17, for a total transaction of $275,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Foundation Capital Management sold 39,309 shares of the stock in a transaction on Tuesday, October 4th. The shares were 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.
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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