YuMe Inc. (YUME) PT Set at $3.00 by Barclays PLC
YuMe Inc. (NYSE:YUME) has been assigned a $3.00 target price by equities researchers at Barclays PLC in a research report issued on Friday. The brokerage currently has a a “sell” rating on the stock. Barclays PLC’s price target would indicate a potential downside of 8.81% from the company’s current price.
YUME has been the subject of a number of other reports. Boenning Scattergood reiterated a “neutral” rating on shares of YuMe in a research report on Wednesday, September 14th. Zacks Investment Research upgraded YuMe from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a research report on Saturday, November 5th. TheStreet upgraded YuMe from a “sell” rating to a “hold” rating in a research report on Monday, September 12th. Piper Jaffray Cos. restated a “neutral” rating and set a $3.00 target price (down from $4.00) on shares of YuMe in a research report on Wednesday, August 10th. Finally, Citigroup Inc. decreased their target price on YuMe from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Wednesday, August 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $3.63.
YuMe (NYSE:YUME) opened at 3.29 on Friday. The company’s market cap is $112.84 million. YuMe has a 12 month low of $2.59 and a 12 month high of $4.36. The company’s 50-day moving average is $3.79 and its 200 day moving average is $3.68.
YuMe (NYSE:YUME) last announced its quarterly earnings data on Wednesday, November 9th. The company reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.12. The firm earned $34.95 million during the quarter, compared to analyst estimates of $41 million. YuMe had a negative return on equity of 8.99% and a negative net margin of 5.29%. YuMe’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.19) earnings per share. Equities analysts forecast that YuMe will post $0.03 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of the stock. A.R.T. Advisors LLC raised its position in shares of YuMe by 7.5% in the second quarter. A.R.T. Advisors LLC now owns 32,909 shares of the company’s stock valued at $121,000 after buying an additional 2,300 shares in the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of YuMe during the second quarter valued at about $126,000. Northern Trust Corp raised its position in shares of 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 in the last quarter. Two Sigma Advisers LP raised its position in shares of YuMe by 29.9% in the third quarter. Two Sigma Advisers LP now owns 53,000 shares of the company’s stock valued at $210,000 after buying an additional 12,200 shares in the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of YuMe during the second quarter valued at about $215,000. Institutional investors and hedge funds own 22.75% 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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