TubeMogul Inc. (TUBE) Short Interest Up 27.2% in August
TubeMogul Inc. (NASDAQ:TUBE) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 3,402,830 shares, a growth of 27.2% from the August 15th total of 2,676,054 shares. Based on an average daily trading volume, of 364,852 shares, the short-interest ratio is presently 9.3 days. Approximately 16.5% of the shares of the stock are sold short.
Several research analysts have commented on TUBE shares. Citigroup Inc. dropped their price objective on shares of TubeMogul from $15.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, September 13th. Oppenheimer Holdings Inc. dropped their price objective on shares of TubeMogul from $18.00 to $14.00 and set an “outperform” rating for the company in a report on Tuesday, August 9th. First Analysis downgraded shares of TubeMogul from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $17.00 to $11.00 in a report on Tuesday, August 16th. JPMorgan Chase & Co. dropped their price objective on shares of TubeMogul from $20.00 to $17.00 and set an “overweight” rating for the company in a report on Tuesday, August 9th. Finally, Piper Jaffray Cos. reissued an “overweight” rating and set a $17.00 price objective (down previously from $23.00) on shares of TubeMogul in a report on Thursday, August 11th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $15.82.
Shares of TubeMogul (NASDAQ:TUBE) opened at 9.38 on Friday. TubeMogul has a 52 week low of $8.75 and a 52 week high of $14.46. The company’s market cap is $339.74 million. The firm has a 50-day moving average of $9.47 and a 200 day moving average of $11.57.
TubeMogul (NASDAQ:TUBE) last released its quarterly earnings data 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 net margin of 8.56% and a negative return on equity of 13.51%. The firm earned $55.40 million during the quarter, compared to analysts’ expectations of $58.14 million. During the same period in the previous year, the firm posted ($0.04) EPS. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. Equities analysts expect that TubeMogul will post ($0.58) EPS for the current fiscal year.
In other TubeMogul news, CEO Brett Wilson sold 30,000 shares of the 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder William B. Elmore sold 39,294 shares of the stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of $10.70, for a total transaction of $420,445.80. The disclosure for this sale can be found here. 22.20% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TUBE. 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 worth $112,000 after buying an additional 1,529 shares during the last quarter. 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 worth $7,843,000 after buying an additional 41,263 shares during the last quarter. General Motors Investment Management Corp purchased a new position in TubeMogul during the second quarter worth $226,000. Nationwide Fund Advisors boosted its position in TubeMogul by 38.0% in the second quarter. Nationwide Fund Advisors now owns 14,322 shares of the company’s stock worth $170,000 after buying an additional 3,944 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new position in TubeMogul during the second quarter worth $692,000. 60.49% of the stock is owned by institutional investors.
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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