TubeMogul Inc. (NASDAQ:TUBE)‘s stock had its “buy” rating reissued by equities researchers at Albert Fried & Company in a note issued to investors on Sunday. They presently have a $14.00 target price on the stock. Albert Fried & Company’s price objective suggests a potential upside of 58.55% from the company’s current price.
A number of other equities analysts also recently weighed in on TUBE. B. Riley began coverage on shares of TubeMogul in a research note on Wednesday. They set a “buy” rating and a $13.00 target price for the company. Citigroup Inc. lowered their target price on shares of TubeMogul from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, September 13th. JPMorgan Chase & Co. lowered their target price on shares of TubeMogul from $20.00 to $17.00 and set an “overweight” rating for the company in a research note on Tuesday, August 9th. Stephens reissued a “buy” rating on shares of TubeMogul in a research note on Wednesday, June 15th. Finally, Oppenheimer Holdings Inc. decreased their price target on shares of TubeMogul from $18.00 to $14.00 and set an “outperform” rating for the company in a research note on Tuesday, August 9th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. TubeMogul has an average rating of “Buy” and a consensus target price of $15.00.
TubeMogul (NASDAQ:TUBE) opened at 8.83 on Friday. The firm’s market capitalization is $319.82 million. The stock’s 50 day moving average is $9.15 and its 200-day moving average is $11.34. TubeMogul has a 1-year low of $8.75 and a 1-year high of $14.46.
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. TubeMogul had a negative return on equity of 13.51% and a negative net margin of 8.56%. The firm had revenue of $55.40 million for the quarter, compared to the consensus estimate of $58.14 million. During the same period in the prior year, the business earned ($0.04) EPS. TubeMogul’s quarterly revenue was up 22.0% on a year-over-year basis. Analysts forecast that TubeMogul will post ($0.58) EPS for the current year.
In related news, CEO Brett Wilson sold 30,000 shares of the business’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $11.25, for a total transaction of $337,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Capital Management sold 39,309 shares of the business’s stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $9.05, for a total transaction of $355,746.45. The disclosure for this sale can be found here. Insiders own 22.20% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Fund Advisors boosted its position in TubeMogul by 42.2% in the second quarter. BlackRock Fund Advisors now owns 570,837 shares of the company’s stock valued at $6,793,000 after buying an additional 169,455 shares during the period. BlackRock Investment Management LLC boosted its position in TubeMogul by 50.8% in the second quarter. BlackRock Investment Management LLC now owns 85,137 shares of the company’s stock valued at $1,013,000 after buying an additional 28,692 shares during the period. BlackRock Advisors LLC boosted its position in 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. Vanguard Group Inc. boosted its position in TubeMogul by 6.7% in the second quarter. Vanguard Group Inc. now owns 658,957 shares of the company’s stock valued at $7,843,000 after buying an additional 41,263 shares during the period. Finally, General Motors Investment Management Corp purchased a new position in TubeMogul during the second quarter valued at $226,000. Institutional investors and hedge funds own 60.49% 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.
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