California State Teachers Retirement System boosted its stake in shares of TubeMogul Inc. (NASDAQ:TUBE) by 40.1% during the second quarter, Holdings Channel reports. The institutional investor owned 46,153 shares of the company’s stock after buying an additional 13,204 shares during the period. California State Teachers Retirement System owned about 0.13% of TubeMogul worth $549,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its position in shares of TubeMogul by 20.2% in the second quarter. Bank of New York Mellon Corp now owns 77,780 shares of the company’s stock valued at $926,000 after buying an additional 13,081 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its position in shares of TubeMogul by 5.7% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,050,200 shares of the company’s stock valued at $13,590,000 after buying an additional 56,481 shares in the last quarter. Geode Capital Management LLC raised its position in shares of TubeMogul by 13.9% in the first quarter. Geode Capital Management LLC now owns 119,051 shares of the company’s stock valued at $1,540,000 after buying an additional 14,507 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new position in shares of TubeMogul during the first quarter valued at approximately $163,000. Finally, State Street Corp raised its position in shares of TubeMogul by 15.6% in the first quarter. State Street Corp now owns 216,045 shares of the company’s stock valued at $2,793,000 after buying an additional 29,197 shares in the last quarter. 60.49% of the stock is owned by institutional investors and hedge funds.
TubeMogul Inc. (NASDAQ:TUBE) traded down 1.56% during midday trading on Friday, hitting $8.83. The company’s stock had a trading volume of 234,454 shares. The company’s 50-day moving average is $9.15 and its 200 day moving average is $11.34. The company’s market cap is $319.82 million. TubeMogul Inc. has a one year low of $8.75 and a one year high of $14.46.
TubeMogul (NASDAQ:TUBE) last issued its quarterly earnings data on Monday, August 8th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.04. The company had revenue of $55.40 million for the quarter, compared to analysts’ expectations of $58.14 million. TubeMogul had a negative return on equity of 13.51% and a negative net margin of 8.56%. The company’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter last year, the company earned ($0.04) earnings per share. On average, analysts predict that TubeMogul Inc. will post ($0.58) EPS for the current year.
Several equities analysts have recently weighed in on TUBE shares. B. Riley started coverage on TubeMogul in a report on Wednesday. They set a “buy” rating and a $13.00 price target for the company. JPMorgan Chase & Co. restated a “buy” rating and set a $17.00 price target on shares of TubeMogul in a report on Tuesday, September 27th. Citigroup Inc. reduced their price target on TubeMogul from $15.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, September 13th. First Analysis downgraded TubeMogul from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $17.00 to $11.00 in a report on Tuesday, August 16th. Finally, Zacks Investment Research downgraded TubeMogul from a “hold” rating to a “sell” rating in a report on Friday, August 12th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $15.58.
In related news, CEO Brett Wilson sold 30,000 shares of the company’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $11.06, for a total transaction of $331,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Foundation Capital Management sold 39,309 shares of the company’s stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $9.05, for a total value of $355,746.45. The disclosure for this sale can be found here. Corporate insiders own 22.20% of the company’s stock.
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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