TubeMogul Inc. (TUBE) Price Target Cut to $8.00
TubeMogul Inc. (NASDAQ:TUBE) had its price target lowered by equities researchers at BMO Capital Markets from $10.00 to $8.00 in a research note issued on Thursday. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price target points to a potential downside of 42.69% from the stock’s previous close.
A number of other analysts have also recently weighed in on the stock. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $17.00 price objective (down previously from $23.00) on shares of TubeMogul in a report on Thursday, August 11th. First Analysis cut shares of TubeMogul from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $17.00 to $11.00 in a report on Tuesday, August 16th. JMP Securities reaffirmed a “hold” rating on shares of TubeMogul in a report on Wednesday, November 9th. JPMorgan Chase & Co. reaffirmed 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 cut shares of 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. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.00.
TubeMogul (NASDAQ:TUBE) opened at 13.96 on Thursday. The stock has a 50 day moving average of $8.64 and a 200-day moving average of $10.48. TubeMogul has a 52-week low of $7.00 and a 52-week high of $14.46. The firm’s market cap is $511.66 million.
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 the Zacks’ consensus estimate of ($0.25) by $0.09. TubeMogul had a negative return on equity of 20.34% and a negative net margin of 12.26%. The firm earned $56.08 million during the quarter. During the same quarter in the previous year, the business posted ($0.11) earnings per share. The firm’s revenue for the quarter was up 20.7% on a year-over-year basis. On average, analysts expect that TubeMogul will post ($0.65) EPS for the current year.
In other TubeMogul news, CEO Brett Wilson sold 30,000 shares of the firm’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Keith Eadie sold 9,240 shares of the firm’s stock in a transaction dated 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 company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Advisors LLC boosted 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 valued at $112,000 after buying an additional 1,529 shares during the last quarter. Paradigm Asset Management Co. LLC boosted 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 valued at $119,000 after buying an additional 1,000 shares in the last quarter. Alliancebernstein L.P. bought a new stake in TubeMogul during the second quarter valued at approximately $126,000. A.R.T. Advisors LLC bought a new stake in TubeMogul during the second quarter valued at approximately $137,000. Finally, Oppenheimer & Co. Inc. bought a new stake in TubeMogul during the third quarter valued at approximately $117,000. Institutional investors own 60.20% 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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