TubeMogul Inc. (TUBE) Announces Earnings Results, Misses Estimates By $0.09 EPS
TubeMogul Inc. (NASDAQ:TUBE) announced its quarterly earnings data on Wednesday. The company reported ($0.34) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.25) by $0.09. TubeMogul had a negative return on equity of 13.51% and a negative net margin of 8.56%. The business had revenue of $56.08 million for the quarter. During the same quarter in the previous year, the company earned ($0.11) earnings per share. TubeMogul’s revenue for the quarter was up 20.7% compared to the same quarter last year.
TubeMogul (NASDAQ:TUBE) opened at 13.94 on Friday. The company’s 50-day moving average price is $8.52 and its 200 day moving average price is $10.48. The stock’s market capitalization is $504.91 million. TubeMogul has a 52-week low of $7.00 and a 52-week high of $14.46.
In other news, CEO Brett Wilson sold 30,000 shares of TubeMogul 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 legal filing with the SEC, which can be accessed through the SEC website. Also, insider Keith Eadie sold 9,240 shares of TubeMogul stock in a transaction on Friday, October 14th. The shares were sold at an average price of $8.30, for a total value of $76,692.00. The disclosure for this sale can be found here. Company insiders own 22.20% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Adage Capital Partners GP L.L.C. boosted its position in shares of 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 valued at $13,590,000 after buying an additional 56,481 shares during the period. Elk Creek Partners LLC boosted its position in shares of TubeMogul by 20.8% in the second quarter. Elk Creek Partners LLC now owns 1,010,201 shares of the company’s stock valued at $12,021,000 after buying an additional 173,633 shares during the period. California State Teachers Retirement System boosted its position in shares of TubeMogul by 40.1% in the second quarter. California State Teachers Retirement System now owns 46,153 shares of the company’s stock valued at $549,000 after buying an additional 13,204 shares during the period. Emerald Acquisition Ltd. purchased a new position in shares of TubeMogul during the second quarter valued at about $1,818,000. Finally, General Motors Investment Management Corp purchased a new position in shares of TubeMogul during the second quarter valued at about $226,000. Institutional investors own 60.53% of the company’s stock.
A number of research analysts recently weighed in on the company. Bank of America Corp. reaffirmed a “buy” rating and set a $17.00 price objective on shares of TubeMogul in a report on Thursday. SunTrust Banks Inc. lowered TubeMogul from a “buy” rating to a “hold” rating in a report on Thursday. B. Riley lowered TubeMogul from a “buy” rating to a “neutral” rating and set a $14.00 price objective on the stock. in a report on Thursday. Stephens lowered TubeMogul from an “overweight” rating to an “equal weight” rating in a report on Thursday. Finally, Piper Jaffray Cos. lowered TubeMogul from an “overweight” rating to a “neutral” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $14.25.
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.
Receive News & Stock Ratings for TubeMogul Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TubeMogul Inc. and related stocks with our FREE daily email newsletter.