TubeMogul Inc. (TUBE) Stock Price Up 1.7%
Shares of TubeMogul Inc. (NASDAQ:TUBE) were up 1.7% during mid-day trading on Friday . The company traded as high as $9.33 and last traded at $9.13, with a volume of 160,654 shares traded. The stock had previously closed at $8.98.
A number of analysts have issued reports on TUBE shares. Zacks Investment Research raised TubeMogul from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Thursday, May 12th. Oppenheimer Holdings Inc. reduced their price target on TubeMogul from $18.00 to $14.00 and set an “outperform” rating for the company in a research report on Tuesday, August 9th. Piper Jaffray Cos. reiterated a “buy” rating and issued a $23.00 price target on shares of TubeMogul in a research report on Tuesday, May 10th. JPMorgan Chase & Co. reduced their price target on TubeMogul from $20.00 to $17.00 and set an “overweight” rating for the company in a research report on Tuesday, August 9th. Finally, Stephens reiterated a “buy” rating on shares of TubeMogul in a research report on Wednesday, June 15th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $16.09.
The stock’s market capitalization is $328.52 million. The stock has a 50 day moving average of $10.61 and a 200 day moving average of $11.93.
TubeMogul (NASDAQ:TUBE) last released 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. During the same quarter last year, the firm earned ($0.04) earnings per share. The firm earned $55.40 million during the quarter, compared to analysts’ expectations of $58.14 million. TubeMogul’s revenue for the quarter was up 22.0% on a year-over-year basis. On average, equities research analysts forecast that TubeMogul Inc. will post ($0.58) EPS for the current year.
In related news, CEO Brett Wilson sold 30,000 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $11.06, for a total value of $331,800.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David Toth sold 4,000 shares of the firm’s stock in a transaction on Thursday, June 16th. The stock was sold at an average price of $12.18, for a total value of $48,720.00. The disclosure for this sale can be found here.
A hedge fund recently bought a new stake in TubeMogul stock. Eaton Vance Management purchased a new position in TubeMogul Inc. (NASDAQ:TUBE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 86,207 shares of the company’s stock, valued at approximately $1,172,000. Eaton Vance Management owned about 0.25% of TubeMogul at the end of the most recent quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.