JMP Securities Reiterates Hold Rating for TubeMogul Inc. (TUBE)
TubeMogul Inc. (NASDAQ:TUBE)‘s stock had its “hold” rating reaffirmed by equities research analysts at JMP Securities in a research note issued to investors on Wednesday.
TUBE has been the topic of a number of other reports. B. Riley started coverage on shares of TubeMogul in a research note on Monday, October 10th. They issued a “buy” rating and a $13.00 target price on the stock. 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. Zacks Investment Research downgraded shares of TubeMogul from a “hold” rating to a “sell” rating in a report on Friday, August 12th. 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, JPMorgan Chase & Co. reduced their price target on shares of TubeMogul from $20.00 to $17.00 and set an “overweight” rating for the company in a report on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $14.25.
Shares of TubeMogul (NASDAQ:TUBE) opened at 13.94 on Wednesday. The company’s 50 day moving average is $8.52 and its 200-day moving average is $10.48. The company’s market cap is $504.91 million. TubeMogul has a 12 month low of $7.00 and a 12 month high of $14.46.
TubeMogul (NASDAQ:TUBE) last announced its quarterly earnings results on Wednesday, November 9th. The company reported ($0.34) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by $0.09. TubeMogul had a negative return on equity of 20.24% and a negative net margin of 12.26%. The business had revenue of $56.08 million for the quarter. During the same quarter last year, the business posted ($0.11) EPS. The firm’s revenue was up 20.7% compared to the same quarter last year. Analysts expect that TubeMogul will post ($0.58) EPS for the current fiscal year.
In other TubeMogul news, major shareholder Foundation Capital Management sold 39,309 shares of the business’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $9.05, for a total value of $355,746.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brett Wilson sold 30,000 shares of the business’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $9.17, for a total transaction of $275,100.00. The disclosure for this sale can be found here. Corporate insiders own 22.20% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Rhumbline Advisers increased its position in shares of TubeMogul by 1.7% in the third quarter. Rhumbline Advisers now owns 20,942 shares of the company’s stock worth $196,000 after buying an additional 340 shares in the last quarter. California State Teachers Retirement System increased its position in shares of TubeMogul by 0.9% in the third quarter. California State Teachers Retirement System now owns 46,553 shares of the company’s stock worth $436,000 after buying an additional 400 shares in the last quarter. Paradigm Asset Management Co. LLC increased its position 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. BlackRock Advisors LLC increased its position 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. Finally, American International Group Inc. increased its position 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. 60.53% of the stock is owned by institutional investors.
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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