FY2016 EPS Estimates for TubeMogul Inc. (TUBE) Reduced by Analyst
TubeMogul Inc. (NASDAQ:TUBE) – SunTrust Banks dropped their FY2016 earnings per share estimates for shares of TubeMogul in a note issued to investors on Thursday. SunTrust Banks analyst M. Thornton now anticipates that the brokerage will post earnings of ($0.78) per share for the year, down from their prior estimate of ($0.62). SunTrust Banks has a “Hold” rating and a $14.00 price target on the stock. SunTrust Banks also issued estimates for TubeMogul’s Q4 2016 earnings at ($0.10) EPS, Q1 2017 earnings at ($0.42) EPS, Q2 2017 earnings at ($0.16) EPS, Q3 2017 earnings at ($0.19) EPS, FY2017 earnings at ($0.73) EPS and FY2018 earnings at ($0.61) EPS.
A number of other equities research analysts also recently weighed in on TUBE. B. Riley downgraded shares of TubeMogul to a “neutral” rating and set a $14.00 target price on the stock. in a research note on Tuesday. Bank of America Corp. reaffirmed a “buy” rating and issued a $17.00 target price on shares of TubeMogul in a research note on Thursday, November 10th. Piper Jaffray Cos. downgraded shares of TubeMogul from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $17.00 to $14.00 in a research note on Thursday, November 10th. Stephens downgraded shares of TubeMogul from an “overweight” rating to an “equal weight” rating in a research note on Thursday, November 10th. Finally, Citigroup Inc. downgraded shares of TubeMogul from a “buy” rating to a “neutral” rating and raised their target price for the company from $12.00 to $14.00 in a research note on Friday. 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 stock. The stock has an average rating of “Hold” and an average target price of $14.00.
TubeMogul (NASDAQ:TUBE) opened at 13.98 on Monday. The firm’s market cap is $512.39 million. 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.
TubeMogul (NASDAQ:TUBE) last issued its quarterly earnings results on Wednesday, November 9th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.25) by $0.09. The firm earned $56.08 million during the quarter. TubeMogul had a negative return on equity of 20.34% and a negative net margin of 12.26%. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.11) EPS.
A number of hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company bought a new stake in TubeMogul during the third quarter valued at $152,000. Adage Capital Partners GP L.L.C. boosted its stake in TubeMogul by 5.0% in the third quarter. Adage Capital Partners GP L.L.C. now owns 1,050,000 shares of the company’s stock valued at $9,839,000 after buying an additional 50,000 shares during the period. KCG Holdings Inc. bought a new stake in TubeMogul during the third quarter valued at $120,000. Morgan Stanley boosted its stake in TubeMogul by 25.6% in the third quarter. Morgan Stanley now owns 44,300 shares of the company’s stock valued at $415,000 after buying an additional 9,043 shares during the period. Finally, Northern Trust Corp boosted its stake in TubeMogul by 3.8% in the third quarter. Northern Trust Corp now owns 304,126 shares of the company’s stock valued at $2,850,000 after buying an additional 11,200 shares during the period. Institutional investors and hedge funds own 60.20% of the company’s stock.
In related news, CEO Brett Wilson sold 30,000 shares of TubeMogul stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $9.17, for a total value of $275,100.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Keith Eadie sold 9,240 shares of TubeMogul stock in a transaction on 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 insiders.
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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