Essex Investment Management Co. LLC lowered its position in TubeMogul Inc. (NASDAQ:TUBE) by 1.1% during the second quarter, Holdings Channel reports. The institutional investor owned 55,324 shares of the company’s stock after selling 609 shares during the period. Essex Investment Management Co. LLC’s holdings in TubeMogul were worth $658,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Adage Capital Partners GP L.L.C. increased its stake in 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. Geode Capital Management LLC increased its stake in 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. UBS Asset Management Americas Inc. purchased a new stake in TubeMogul during the first quarter worth $163,000. Finally, State Street Corp increased its stake in 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. 60.49% of the stock is owned by institutional investors.
TubeMogul Inc. (NASDAQ:TUBE) traded down 0.44% during mid-day trading on Wednesday, hitting $8.99. The stock had a trading volume of 224,620 shares. TubeMogul Inc. has a 52 week low of $8.75 and a 52 week high of $14.46. The company’s 50 day moving average price is $9.17 and its 200 day moving average price is $11.38. The firm’s market cap is $325.62 million.
TubeMogul (NASDAQ:TUBE) last posted its quarterly earnings results on Monday, August 8th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.07) by $0.04. The firm had revenue of $55.40 million for the quarter, compared to the consensus estimate of $58.14 million. TubeMogul had a negative return on equity of 13.51% and a negative net margin of 8.56%. The firm’s revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.04) EPS. Analysts anticipate that TubeMogul Inc. will post ($0.58) earnings per share for the current year.
A number of research firms have recently weighed in on TUBE. JMP Securities downgraded TubeMogul from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 9th. Oppenheimer Holdings Inc. dropped their price target on TubeMogul from $18.00 to $14.00 and set an “outperform” rating for the company in a research note on Tuesday, August 9th. JPMorgan Chase & Co. dropped their price target on TubeMogul from $20.00 to $17.00 and set an “overweight” rating for the company in a research note on Tuesday, August 9th. Citigroup Inc. dropped their price target on TubeMogul from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, August 9th. Finally, Stephens reaffirmed a “buy” rating on shares of TubeMogul in a research note on Wednesday, June 15th. Two analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $15.58.
In related news, CEO Brett Wilson sold 30,000 shares of the stock in a transaction dated 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 SEC, which is available at the SEC website. Corporate insiders own 22.20% of the company’s stock.
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.
Want to see what other hedge funds are holding TUBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TubeMogul Inc. (NASDAQ:TUBE).
Receive News & Ratings for TubeMogul Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TubeMogul Inc. and related companies with MarketBeat.com's FREE daily email newsletter.