Equities Analysts Set Expectations for TubeMogul Inc.’s Q4 2017 Earnings (TUBE)
TubeMogul Inc. (NASDAQ:TUBE) – Equities researchers at SunTrust Banks lowered their Q4 2017 earnings estimates for TubeMogul in a report issued on Thursday. SunTrust Banks analyst M. Thornton now forecasts that the firm will post earnings per share of $0.04 for the quarter, down from their prior forecast of $0.10. SunTrust Banks currently has a “Hold” rating and a $14.00 price target on the stock.
TubeMogul (NASDAQ:TUBE) last released its quarterly earnings data on Wednesday, November 9th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by $0.09. The company had revenue of $56.08 million for the quarter. TubeMogul had a negative net margin of 12.26% and a negative return on equity of 20.24%. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.11) earnings per share.
Several other analysts also recently issued reports on the company. JMP Securities downgraded TubeMogul from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 9th. JPMorgan Chase & Co. decreased their target price on TubeMogul from $20.00 to $17.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 9th. Albert Fried & Company downgraded TubeMogul from an “overweight” rating to a “market perform” rating and set a $14.00 target price on the stock. in a research note on Thursday, October 27th. Stephens downgraded TubeMogul from an “overweight” rating to an “equal weight” rating in a research note on Thursday. Finally, Citigroup Inc. decreased their target price on TubeMogul from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, September 13th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company’s stock. The company 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 stock’s market cap is $511.66 million. The stock’s 50 day moving average price is $8.64 and its 200-day moving average price is $10.48.
In related news, CEO Brett Wilson sold 30,000 shares of the business’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Keith Eadie sold 9,240 shares of the business’s 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. Insiders own 22.20% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Murphy Michael R boosted its position in 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. Elk Creek Partners LLC boosted its position in 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. BlackRock Fund Advisors boosted its position in TubeMogul by 42.2% in the second quarter. BlackRock Fund Advisors now owns 570,837 shares of the company’s stock worth $6,793,000 after buying an additional 169,455 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in TubeMogul during the second quarter worth about $1,864,000. Finally, Emerald Acquisition Ltd. acquired a new position in TubeMogul during the second quarter worth about $1,818,000. Institutional investors own 60.53% 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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