TubeMogul Inc. (NASDAQ:TUBE) major shareholder Foundation Capital Management sold 39,309 shares of the stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $9.05, for a total value of $355,746.45. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of TubeMogul Inc. (NASDAQ:TUBE) opened at 8.83 on Monday. TubeMogul Inc. has a 52-week low of $8.75 and a 52-week high of $14.46. The firm’s 50-day moving average price is $9.15 and its 200-day moving average price is $11.34. The stock’s market cap is $319.82 million.
TubeMogul (NASDAQ:TUBE) last announced its earnings results 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 net margin of 8.56% and a negative return on equity of 13.51%. TubeMogul’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. Equities analysts predict that TubeMogul Inc. will post ($0.58) EPS for the current year.
Several equities analysts have weighed in on the company. B. Riley assumed coverage on TubeMogul in a report on Wednesday. They set a “buy” rating and a $13.00 price objective for the company. Citigroup Inc. cut their price target on TubeMogul from $18.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, August 9th. Zacks Investment Research lowered TubeMogul from a “hold” rating to a “sell” rating in a report on Friday, August 12th. JMP Securities lowered TubeMogul from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 9th. Finally, Stephens reaffirmed a “buy” rating on shares of TubeMogul in a report on Wednesday, June 15th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the stock. TubeMogul presently has a consensus rating of “Buy” and a consensus price target of $14.55.
Large investors have recently made changes to their positions in the stock. State Street Corp raised its stake in shares of TubeMogul by 15.6% in the first quarter. State Street Corp now owns 216,045 shares of the company’s stock worth $2,793,000 after buying an additional 29,197 shares in the last quarter. UBS Asset Management Americas Inc. bought a new stake in shares of TubeMogul during the first quarter worth $163,000. Geode Capital Management LLC raised its stake 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 worth $1,540,000 after buying an additional 14,507 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its stake 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 worth $13,590,000 after buying an additional 56,481 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake 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 worth $926,000 after buying an additional 13,081 shares in the last quarter. Institutional investors and hedge funds own 60.49% 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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