TubeMogul Inc. (TUBE) Lifted to “Hold” at Zacks Investment Research
TubeMogul Inc. (NASDAQ:TUBE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “TubeMogul Inc. is an enterprise software company for digital branding. It offers a cloud-based platform that enables advertisers to plan, buy, measure, and optimize video advertising spend from a single platform. TubeMogul makes it cloud-based platform available through two offerings: Platform Direct, which allows advertisers to continuously run campaigns through a self-serve model, and Platform Services, which allows advertisers to specify campaign objectives. The Company serves advertisers, agencies, and publishers throughout world. TubeMogul, Inc. is headquartered in Emeryville, California. “
Several other research firms also recently issued reports on TUBE. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $17.00 price objective on shares of TubeMogul in a report on Tuesday, September 27th. First Analysis downgraded shares of TubeMogul from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $17.00 to $11.00 in a report on Tuesday, August 16th. Oppenheimer Holdings Inc. reduced their price target on shares of 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 issued a $17.00 price target (down from $23.00) on shares of TubeMogul in a report on Thursday, August 11th. Finally, Citigroup Inc. reduced their price target on shares of TubeMogul from $18.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $14.55.
TubeMogul (NASDAQ:TUBE) opened at 8.56 on Wednesday. The company’s 50 day moving average is $9.15 and its 200 day moving average is $11.29. TubeMogul has a 12-month low of $8.44 and a 12-month high of $14.46. The firm’s market cap is $310.04 million.
TubeMogul (NASDAQ:TUBE) last posted its quarterly earnings data 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. The firm had revenue of $55.40 million for the quarter, compared to the consensus estimate of $58.14 million. TubeMogul had a negative return on equity of 13.51% and a negative net margin of 8.56%. TubeMogul’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.04) earnings per share. On average, equities analysts anticipate 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 the stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $9.05, for a total transaction of $355,746.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brett Wilson sold 30,000 shares of the stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $11.25, for a total transaction of $337,500.00. The disclosure for this sale can be found here. Corporate insiders own 22.20% of the company’s stock.
Large investors have recently made changes to their positions in the company. BlackRock Advisors LLC boosted 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 during the last quarter. Paradigm Asset Management Co. LLC boosted 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 during the last quarter. Alliancebernstein L.P. bought a new stake in TubeMogul during the second quarter valued at $126,000. A.R.T. Advisors LLC bought a new stake in TubeMogul during the second quarter valued at $137,000. Finally, American International Group Inc. boosted 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 during the last quarter. Institutional investors and hedge funds 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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