YuMe Inc. (NYSE:YUME) has been given an average rating of “Hold” by the eight ratings firms that are currently covering the firm. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $3.70.
YUME has been the topic of a number of research reports. Needham & Company LLC reiterated a “hold” rating on shares of YuMe in a research report on Monday, June 27th. Zacks Investment Research upgraded shares of YuMe from a “hold” rating to a “strong-buy” rating and set a $4.25 price objective on the stock in a report on Wednesday, July 6th. Boenning Scattergood restated a “neutral” rating on shares of YuMe in a report on Wednesday, September 14th. Piper Jaffray Cos. restated a “neutral” rating and issued a $3.00 price objective (down from $4.00) on shares of YuMe in a report on Wednesday, August 10th. Finally, Barclays PLC cut their price objective on shares of YuMe from $3.50 to $3.00 and set an “underweight” rating on the stock in a report on Wednesday, August 10th.
YuMe (NYSE:YUME) opened at 3.85 on Wednesday. The stock’s market capitalization is $131.89 million. YuMe has a 12-month low of $2.59 and a 12-month high of $4.36. The stock’s 50 day moving average is $3.75 and its 200 day moving average is $3.68.
YuMe (NYSE:YUME) last announced its earnings results on Tuesday, August 9th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by $0.05. YuMe had a negative return on equity of 10.96% and a negative net margin of 6.37%. The company had revenue of $40.70 million for the quarter, compared to analyst estimates of $41.16 million. During the same quarter in the previous year, the company posted ($0.17) earnings per share. YuMe’s revenue for the quarter was up .7% on a year-over-year basis. Analysts forecast that YuMe will post $0.09 EPS for the current year.
Large investors have recently bought and sold shares of the company. Royce & Associates LP raised its stake in YuMe by 8.6% in the first quarter. Royce & Associates LP now owns 676,880 shares of the company’s stock valued at $2,532,000 after buying an additional 53,434 shares during the period. Spark Investment Management LLC raised its stake in YuMe by 23.2% in the first quarter. Spark Investment Management LLC now owns 204,200 shares of the company’s stock valued at $763,000 after buying an additional 38,487 shares during the period. Renaissance Technologies LLC raised its stake in YuMe by 33.5% in the first quarter. Renaissance Technologies LLC now owns 280,300 shares of the company’s stock valued at $1,048,000 after buying an additional 70,400 shares during the period. Acadian Asset Management LLC purchased a new stake in YuMe during the second quarter valued at $646,000. Finally, Emerald Acquisition Ltd. purchased a new stake in YuMe during the second quarter valued at $126,000. Institutional investors own 22.88% of the company’s stock.
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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