YuMe Inc. (YUME) Stock Rating Lowered by Boenning Scattergood
YuMe Inc. (NYSE:YUME) was downgraded by equities researchers at Boenning Scattergood from a “neutral” rating to an “underperform” rating in a note issued to investors on Thursday. They presently have a $3.00 price target on the stock. Boenning Scattergood’s price target indicates a potential downside of 6.83% from the stock’s previous close.
YUME has been the subject of several other reports. Zacks Investment Research raised YuMe from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a research note on Saturday, November 5th. TheStreet raised YuMe from a “sell” rating to a “hold” rating in a research note on Monday, September 12th. Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $3.00 price objective (down from $4.00) on shares of YuMe in a research note on Wednesday, August 10th. Barclays PLC lowered their price objective on YuMe from $3.50 to $3.00 and set an “underweight” rating for the company in a research note on Wednesday, August 10th. Finally, Citigroup Inc. lowered their price objective on YuMe from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Wednesday, August 10th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $3.63.
Shares of YuMe (NYSE:YUME) opened at 3.22 on Thursday. The company’s 50 day moving average price is $3.81 and its 200 day moving average price is $3.68. The company’s market capitalization is $110.44 million. YuMe has a 52-week low of $2.59 and a 52-week high of $4.36.
YuMe (NYSE:YUME) last posted its quarterly earnings data on Wednesday, November 9th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.12. The company earned $34.95 million during the quarter, compared to the consensus estimate of $41 million. YuMe had a negative net margin of 5.29% and a negative return on equity of 8.99%. YuMe’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.19) earnings per share. On average, analysts predict that YuMe will post $0.03 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley increased its position in YuMe by 6.5% in the third quarter. Morgan Stanley now owns 98,928 shares of the company’s stock valued at $393,000 after buying an additional 6,046 shares during the last quarter. Northern Trust Corp increased its position in YuMe by 40.8% in the third quarter. Northern Trust Corp now owns 44,262 shares of the company’s stock valued at $175,000 after buying an additional 12,826 shares during the last quarter. Seizert Capital Partners LLC increased its position in YuMe by 125.5% in the third quarter. Seizert Capital Partners LLC now owns 197,904 shares of the company’s stock valued at $786,000 after buying an additional 110,130 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in YuMe by 1.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 140,584 shares of the company’s stock valued at $558,000 after buying an additional 1,718 shares during the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new position in YuMe during the second quarter valued at approximately $215,000. Institutional investors own 22.76% of the company’s stock.
YuMe Company Profile
YuMe, Inc (YuMe) is an independent provider of multi-screen video advertising technology, connecting brand advertisers, digital media property owners and consumers of video content across a range of Internet-connected devices. The Company operating segments include Domestic and International. The Company offers advertising customers end-to-end marketing solutions by combining data-driven technologies with deep insight into audience behavior.
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