TubeMogul’s (TUBE) Buy Rating Reaffirmed at JPMorgan Chase & Co.
A number of other research analysts also recently weighed in on the stock. Piper Jaffray Cos. restated an overweight rating and set a $17.00 price target (down previously from $23.00) on shares of TubeMogul in a report on Thursday, August 11th. First Analysis downgraded shares of TubeMogul from an overweight rating to an equal weight rating and cut their price target for the company from $17.00 to $11.00 in a report on Tuesday, August 16th. JMP Securities downgraded shares of TubeMogul from an outperform rating to a market perform rating in a report on Tuesday, August 9th. Zacks Investment Research downgraded shares of TubeMogul from a hold rating to a sell rating in a report on Friday, August 12th. Finally, Oppenheimer Holdings Inc. cut their price target on shares of TubeMogul from $18.00 to $14.00 and set an outperform rating on the stock in a report on Tuesday, August 9th. 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 stock currently has an average rating of Buy and a consensus price target of $15.82.
TubeMogul (NASDAQ:TUBE) last issued its earnings results on Monday, August 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.04. The company had revenue of $55.40 million for 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 company’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period last year, the business earned ($0.04) EPS.
In other news, CEO Brett Wilson sold 30,000 shares of TubeMogul 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder William B. Elmore sold 39,294 shares of TubeMogul 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 currently owned by company insiders.
Several hedge funds have recently modified their holdings of TUBE. BlackRock Investment Management LLC raised its stake in shares of 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 raised its stake in shares of 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. raised its stake in shares of 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. General Motors Investment Management Corp acquired a new stake in shares of TubeMogul during the second quarter valued at $226,000. Finally, Nationwide Fund Advisors raised its stake in shares of TubeMogul by 38.0% in the second quarter. Nationwide Fund Advisors now owns 14,322 shares of the company’s stock valued at $170,000 after buying an additional 3,944 shares during the period. 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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