TubeMogul Inc. (NASDAQ:TUBE) – Research analysts at B. Riley issued their Q3 2016 earnings per share estimates for TubeMogul in a research report issued on Thursday. B. Riley analyst S. Sinha anticipates that the firm will earn ($0.23) per share for the quarter. B. Riley currently has a “Buy” rating and a $13.00 target price on the stock. B. Riley also issued estimates for TubeMogul’s Q4 2016 earnings at $0.00 EPS, FY2016 earnings at ($0.58) EPS, Q1 2017 earnings at ($0.32) EPS, Q2 2017 earnings at ($0.08) EPS, Q3 2017 earnings at ($0.05) EPS, Q4 2017 earnings at $0.16 EPS, FY2017 earnings at ($0.29) EPS and FY2018 earnings at $0.21 EPS.
TubeMogul (NASDAQ:TUBE) last posted its quarterly earnings results on Monday, August 8th. The company reported ($0.11) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.04. The company earned $55.40 million during the quarter, compared to analyst estimates of $58.14 million. TubeMogul had a negative net margin of 8.56% and a negative return on equity of 13.51%. The firm’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.04) EPS.
A number of other equities research analysts have also commented on the company. Albert Fried & Company restated a “buy” rating and issued a $14.00 price objective on shares of TubeMogul in a research note on Sunday. JPMorgan Chase & Co. restated a “buy” rating and issued a $17.00 price objective on shares of TubeMogul in a research note on Tuesday, September 27th. Citigroup Inc. reduced their price objective on TubeMogul from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, September 13th. First Analysis downgraded TubeMogul from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $17.00 to $11.00 in a research note on Tuesday, August 16th. Finally, Zacks Investment Research downgraded TubeMogul from a “hold” rating to a “sell” rating in a research note on Friday, August 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $14.55.
TubeMogul (NASDAQ:TUBE) opened at 8.56 on Monday. The firm’s market cap is $310.04 million. The company has a 50-day moving average price of $9.15 and a 200-day moving average price of $11.29. TubeMogul has a 1-year low of $8.44 and a 1-year high of $14.46.
In other TubeMogul news, major shareholder Foundation Capital Management sold 39,309 shares of the firm’s stock in a transaction dated Tuesday, October 4th. The stock was sold at an average price of $9.05, for a total value of $355,746.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Brett Wilson sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $9.17, for a total value of $275,100.00. The disclosure for this sale can be found here. 22.20% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Advisors LLC boosted its stake 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 last quarter. Paradigm Asset Management Co. LLC boosted its stake in 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 last quarter. Alliancebernstein L.P. acquired a new stake in TubeMogul during the second quarter valued at $126,000. A.R.T. Advisors LLC acquired a new stake in TubeMogul during the second quarter valued at $137,000. Finally, American International Group Inc. boosted its stake in 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 last quarter. 60.49% of the stock is currently owned by hedge funds and other institutional investors.
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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