TubeMogul Inc. (NASDAQ:TUBE)‘s stock had its “buy” rating restated by research analysts at Albert Fried & Company in a report released on Sunday. They presently have a $14.00 price target on the stock. Albert Fried & Company’s price target would indicate a potential upside of 58.55% from the stock’s current price.
A number of other research firms have also weighed in on TUBE. JMP Securities lowered shares of TubeMogul from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 9th. Oppenheimer Holdings Inc. dropped their target price on shares of TubeMogul from $18.00 to $14.00 and set an “outperform” rating for the company in a report on Tuesday, August 9th. JPMorgan Chase & Co. dropped their target price on shares of TubeMogul from $20.00 to $17.00 and set an “overweight” rating for the company in a report on Tuesday, August 9th. Citigroup Inc. dropped their target price on shares of TubeMogul from $18.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, August 9th. Finally, Stephens reiterated a “buy” rating on shares of TubeMogul in a report on Wednesday, June 15th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $15.00.
Shares of TubeMogul (NASDAQ:TUBE) opened at 8.83 on Friday. The firm’s 50-day moving average price is $9.15 and its 200-day moving average price is $11.34. The company’s market capitalization is $319.82 million. TubeMogul has a one year low of $8.75 and a one year high of $14.46.
TubeMogul (NASDAQ:TUBE) last posted its earnings results on Monday, August 8th. The company reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.04. The firm 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 business’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.04) earnings per share. Analysts anticipate that TubeMogul will post ($0.58) earnings per share for the current year.
In related news, major shareholder Foundation Capital Management sold 39,309 shares of the firm’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $9.05, for a total transaction of $355,746.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brett Wilson sold 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $11.06, for a total transaction of $331,800.00. The disclosure for this sale can be found here. Corporate insiders own 22.20% of the company’s stock.
Large investors have recently made changes to their positions in the stock. BlackRock Advisors LLC increased its stake in shares of TubeMogul by 19.4% in the second quarter. BlackRock Advisors LLC now owns 9,424 shares of the company’s stock valued at $112,000 after buying an additional 1,529 shares during the period. Paradigm Asset Management Co. LLC increased its stake in shares of TubeMogul by 11.1% in the second quarter. Paradigm Asset Management Co. LLC now owns 10,000 shares of the company’s stock valued at $119,000 after buying an additional 1,000 shares during the period. Alliancebernstein L.P. purchased a new stake in shares of TubeMogul during the second quarter valued at $126,000. A.R.T. Advisors LLC purchased a new stake in shares of TubeMogul during the second quarter valued at $137,000. Finally, American International Group Inc. increased its stake in shares of TubeMogul by 24.5% in the second quarter. American International Group Inc. now owns 12,670 shares of the company’s stock valued at $151,000 after buying an additional 2,491 shares during the period. 60.49% 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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