B. Riley Lowers TubeMogul Inc. (TUBE) to Neutral
B. Riley cut shares of TubeMogul Inc. (NASDAQ:TUBE) from a buy rating to a neutral rating in a research report report published on Thursday morning. The firm currently has $14.00 price objective on the stock, up from their prior price objective of $13.00.
A number of other research firms have also weighed in on TUBE. JPMorgan Chase & Co. lowered their price objective on shares of TubeMogul from $20.00 to $17.00 and set an overweight rating on the stock in a research report on Tuesday, August 9th. Citigroup Inc. lowered their price objective on shares of TubeMogul from $18.00 to $15.00 and set a buy rating on the stock in a research report on Tuesday, August 9th. Oppenheimer Holdings Inc. lowered their price objective on shares of TubeMogul from $18.00 to $14.00 and set an outperform rating on the stock in a research report on Tuesday, August 9th. JMP Securities lowered shares of TubeMogul from an outperform rating to a market perform rating in a research report on Tuesday, August 9th. Finally, Zacks Investment Research lowered shares of TubeMogul from a hold rating to a sell rating in a research report on Friday, August 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. TubeMogul currently has an average rating of Hold and a consensus target price of $13.92.
Shares of TubeMogul (NASDAQ:TUBE) opened at 13.98 on Thursday. The stock has a 50 day moving average of $8.77 and a 200-day moving average of $10.45. TubeMogul has a 12 month low of $7.00 and a 12 month high of $14.46. The firm’s market capitalization is $512.39 million.
TubeMogul (NASDAQ:TUBE) last posted 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. TubeMogul had a negative net margin of 12.26% and a negative return on equity of 20.34%. The firm earned $56.08 million during the quarter. During the same quarter last year, the business posted ($0.11) EPS. TubeMogul’s revenue was up 20.7% compared to the same quarter last year. On average, equities research analysts anticipate that TubeMogul will post ($0.65) EPS for the current fiscal year.
In other news, CEO Brett Wilson sold 30,000 shares of the company’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $9.17, for a total transaction of $275,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $76,692.00. The disclosure for this sale can be found here. 22.20% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Advisors LLC increased its position in TubeMogul by 19.4% in the second quarter. BlackRock Advisors LLC now owns 9,424 shares of the company’s stock worth $112,000 after buying an additional 1,529 shares in the last quarter. Paradigm Asset Management Co. LLC increased its position 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. Alliancebernstein L.P. bought a new position in TubeMogul during the second quarter worth approximately $126,000. A.R.T. Advisors LLC bought a new position in TubeMogul during the second quarter worth approximately $137,000. Finally, Oppenheimer & Co. Inc. bought a new position in TubeMogul during the third quarter worth approximately $117,000. 60.20% of the stock is owned by institutional investors.
TubeMogul Company Profile
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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