YuMe Inc. (NYSE:YUME) Receives Average Recommendation of “Hold” from Brokerages
Shares of YuMe Inc. (NYSE:YUME) have earned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the company. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $3.70.
Several research analysts have commented on the company. TheStreet upgraded YuMe from a “sell” rating to a “hold” rating in a report on Monday, September 12th. Boenning Scattergood restated a “neutral” rating on shares of YuMe in a report on Wednesday, September 14th. Citigroup Inc. reduced their price objective on YuMe from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Wednesday, August 10th. Barclays PLC reduced their price objective on YuMe from $3.50 to $3.00 and set an “underweight” rating on the stock in a report on Wednesday, August 10th. Finally, Piper Jaffray Cos. restated a “neutral” rating and set a $3.00 price objective (down from $4.00) on shares of YuMe in a report on Wednesday, August 10th.
YuMe (NYSE:YUME) traded down 2.27% on Wednesday, hitting $3.88. The stock had a trading volume of 38,271 shares. YuMe has a 52-week low of $2.59 and a 52-week high of $4.36. The firm’s market cap is $132.92 million. The company has a 50-day moving average price of $3.72 and a 200 day moving average price of $3.67.
YuMe (NYSE:YUME) last issued its quarterly earnings results on Tuesday, August 9th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.05. YuMe had a negative return on equity of 10.96% and a negative net margin of 6.37%. The business earned $40.70 million during the quarter, compared to analysts’ expectations of $41.16 million. During the same quarter in the previous year, the company posted ($0.17) earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year. Equities analysts forecast that YuMe will post $0.09 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. A.R.T. Advisors LLC boosted its stake in shares of YuMe by 7.5% in the second quarter. A.R.T. Advisors LLC now owns 32,909 shares of the company’s stock valued at $121,000 after buying an additional 2,300 shares during the period. Emerald Acquisition Ltd. acquired a new stake in YuMe during the second quarter worth $126,000. Hillsdale Investment Management Inc. acquired a new stake in YuMe during the second quarter worth $215,000. Seizert Capital Partners LLC acquired a new stake in YuMe during the second quarter worth $323,000. Finally, TFS Capital LLC boosted its stake in YuMe by 31.6% in the second quarter. TFS Capital LLC now owns 123,361 shares of the company’s stock worth $454,000 after buying an additional 29,654 shares during the last quarter. 22.88% of the stock is currently owned by institutional investors and hedge funds.
YuMe Company Profile
YuMe, Inc (YuMe) is an independent provider of multi-screen video advertising technology, connecting brand advertisers, digital media property owners and consumers of video content across a range of Internet-connected devices. The Company operating segments include Domestic and International. The Company offers advertising customers end-to-end marketing solutions by combining data-driven technologies with deep insight into audience behavior.
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