TubeMogul Inc. (TUBE) Cut to Neutral at Citigroup Inc.
TubeMogul Inc. (NASDAQ:TUBE) was downgraded by Citigroup Inc. from a “buy” rating to a “neutral” rating in a research note issued on Friday.
A number of other equities analysts have also recently commented on TUBE. JMP Securities cut shares of TubeMogul from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 9th. Oppenheimer Holdings Inc. decreased their price objective 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. JPMorgan Chase & Co. decreased their price objective 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. Piper Jaffray Cos. reiterated an “overweight” rating and set a $17.00 price objective (down previously from $23.00) on shares of TubeMogul in a report on Thursday, August 11th. Finally, Zacks Investment Research lowered shares of TubeMogul from a “hold” rating to a “sell” rating in a report on Friday, August 12th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.25.
Shares of TubeMogul (NASDAQ:TUBE) opened at 13.94 on Friday. TubeMogul has a one year low of $7.00 and a one year high of $14.46. The firm has a 50-day moving average of $8.52 and a 200-day moving average of $10.48. The stock’s market cap is $504.91 million.
TubeMogul (NASDAQ:TUBE) last released its quarterly earnings results on Wednesday, November 9th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $56.08 million for the quarter. During the same period in the previous year, the company posted ($0.11) earnings per share. The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. On average, equities research analysts expect that TubeMogul will post ($0.58) earnings per share for the current fiscal year.
In other news, CEO Brett Wilson sold 30,000 shares of TubeMogul stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $9.17, for a total value of $275,100.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Keith Eadie sold 9,240 shares of TubeMogul stock in a transaction that occurred on Friday, October 14th. The stock was sold at an average price of $8.30, for a total transaction of $76,692.00. The disclosure for this sale can be found here. 22.20% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Murphy Michael R increased its position in shares of 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 during the last quarter. Adage Capital Partners GP L.L.C. increased 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 worth $13,590,000 after buying an additional 56,481 shares during the last quarter. Elk Creek Partners LLC increased 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 worth $6,098,000 after buying an additional 173,633 shares during the last quarter. Vanguard Group Inc. increased its position in shares of 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 during the last quarter. Finally, BlackRock Fund Advisors increased its position in shares of TubeMogul by 7.4% in the third quarter. BlackRock Fund Advisors now owns 613,082 shares of the company’s stock worth $5,745,000 after buying an additional 42,245 shares during the last quarter. 60.53% of the stock is currently owned by hedge funds and other institutional investors.
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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