B. Riley Analysts Lower Earnings Estimates for TubeMogul Inc. (TUBE)
TubeMogul Inc. (NASDAQ:TUBE) – Investment analysts at B. Riley dropped their Q4 2017 earnings per share estimates for TubeMogul in a report issued on Thursday. B. Riley analyst S. Sinha now anticipates that the brokerage will post earnings of $0.10 per share for the quarter, down from their prior estimate of $0.16. B. Riley currently has a “Neutral” rating and a $14.00 price target on the stock.
TubeMogul (NASDAQ:TUBE) last released its quarterly earnings results on Wednesday, November 9th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by $0.09. TubeMogul had a negative net margin of 12.26% and a negative return on equity of 20.24%. The firm earned $56.08 million during the quarter. During the same quarter last year, the company earned ($0.11) earnings per share. TubeMogul’s revenue for the quarter was up 20.7% on a year-over-year basis.
Several other research analysts also recently issued reports on the stock. Piper Jaffray Cos. reiterated an “overweight” rating and set a $17.00 price target (down from $23.00) on shares of TubeMogul in a report on Thursday, August 11th. First Analysis downgraded TubeMogul from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $17.00 to $11.00 in a report on Tuesday, August 16th. JMP Securities restated a “hold” rating on shares of TubeMogul in a report on Wednesday. JPMorgan Chase & Co. restated a “buy” rating and issued a $17.00 price objective on shares of TubeMogul in a report on Tuesday, September 27th. Finally, Albert Fried & Company downgraded TubeMogul from an “overweight” rating to a “market perform” rating and set a $14.00 price objective for the company. in a report on Thursday, October 27th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $14.00.
Shares of TubeMogul (NASDAQ:TUBE) opened at 13.96 on Friday. TubeMogul has a 1-year low of $7.00 and a 1-year high of $14.46. The firm has a 50 day moving average price of $8.64 and a 200 day moving average price of $10.48. The firm’s market cap is $511.66 million.
Large investors have recently bought and sold shares of the company. BlackRock Advisors LLC raised its stake in TubeMogul by 25.2% in the third quarter. BlackRock Advisors LLC now owns 11,798 shares of the company’s stock worth $111,000 after buying an additional 2,374 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in TubeMogul during the third quarter worth $117,000. 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 worth $119,000 after buying an additional 1,000 shares in the last quarter. KCG Holdings Inc. purchased a new stake in TubeMogul during the third quarter valued at approximately $120,000. Finally, Alliancebernstein L.P. purchased a new stake in TubeMogul during the second quarter valued at approximately $126,000. Institutional investors own 60.53% of the company’s stock.
In related news, insider Keith Eadie sold 9,240 shares of the company’s stock in a transaction dated Friday, October 14th. The shares were sold at an average price of $8.30, for a total value of $76,692.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Foundation Capital Management sold 39,309 shares of the company’s stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $9.05, for a total transaction of $355,746.45. The disclosure for this sale can be found here. Insiders own 22.20% 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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