TubeMogul Inc. (TUBE) Stock Rating Lowered by Piper Jaffray Cos.
TubeMogul Inc. (NASDAQ:TUBE) was downgraded by investment analysts at Piper Jaffray Cos. from an “overweight” rating to a “neutral” rating in a research report issued on Thursday. They presently have a $14.00 price objective on the stock, down from their prior price objective of $17.00. Piper Jaffray Cos.’s price target indicates a potential upside of 0.29% from the company’s current price.
Other equities research analysts have also recently issued reports about the company. B. Riley assumed coverage on TubeMogul in a research note on Monday, October 10th. They set a “buy” rating and a $13.00 price objective for the company. Citigroup Inc. decreased their price objective on TubeMogul from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, August 9th. Zacks Investment Research cut TubeMogul from a “hold” rating to a “sell” rating in a research note on Friday, August 12th. JMP Securities cut TubeMogul from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 9th. Finally, BMO Capital Markets decreased their price target on TubeMogul from $10.00 to $8.00 and set a “market perform” rating for the company in a research note on Thursday. One research 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. TubeMogul currently has a consensus rating of “Hold” and a consensus target price of $14.00.
TubeMogul (NASDAQ:TUBE) opened at 13.96 on Thursday. TubeMogul has a 52-week low of $7.00 and a 52-week high of $14.46. The stock’s market capitalization 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.
TubeMogul (NASDAQ:TUBE) last issued 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 return on equity of 20.34% and a negative net margin of 12.26%. TubeMogul’s revenue was up 20.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.11) EPS. On average, equities analysts expect that TubeMogul will post ($0.65) EPS for the current fiscal year.
In related news, CEO Brett Wilson sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, October 12th. The stock was sold at an average price of $8.56, for a total transaction of $256,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 value of $76,692.00. The disclosure for this sale can be found here. Corporate insiders own 22.20% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Alliancebernstein L.P. acquired a new stake in shares of TubeMogul during the second quarter valued at approximately $126,000. BlackRock Institutional Trust Company N.A. raised its stake in shares of TubeMogul by 8.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 429,760 shares of the company’s stock valued at $5,114,000 after buying an additional 32,595 shares during the last quarter. BlackRock Fund Advisors raised its stake in shares of TubeMogul by 42.2% in the second quarter. BlackRock Fund Advisors now owns 570,837 shares of the company’s stock valued at $6,793,000 after buying an additional 169,455 shares during the last quarter. BlackRock Investment Management LLC raised its stake in shares of TubeMogul by 50.8% in the second quarter. BlackRock Investment Management LLC now owns 85,137 shares of the company’s stock valued at $1,013,000 after buying an additional 28,692 shares during the last quarter. Finally, BlackRock Advisors LLC raised its stake 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. 60.20% 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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