TubeMogul Inc. (TUBE) Insider Keith Eadie Sells 9,240 Shares of Stock
TubeMogul Inc. (NASDAQ:TUBE) insider Keith Eadie sold 9,240 shares of the business’s stock in a transaction dated Friday, October 14th. The stock was sold at an average price of $8.30, for a total transaction of $76,692.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
TubeMogul Inc. (NASDAQ:TUBE) opened at 8.28 on Wednesday. The company has a 50 day moving average of $9.04 and a 200 day moving average of $11.14. TubeMogul Inc. has a 52-week low of $8.05 and a 52-week high of $14.46. The company’s market capitalization is $299.90 million.
TubeMogul (NASDAQ:TUBE) last released its quarterly earnings data on Monday, August 8th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.07) by $0.04. TubeMogul had a negative return on equity of 13.51% and a negative net margin of 8.56%. The business earned $55.40 million during the quarter, compared to the consensus estimate of $58.14 million. During the same quarter in the previous year, the business posted ($0.04) earnings per share. TubeMogul’s quarterly revenue was up 22.0% compared to the same quarter last year. On average, equities research analysts forecast that TubeMogul Inc. will post ($0.58) earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the company. Adage Capital Partners GP L.L.C. increased its stake in TubeMogul by 5.7% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,050,200 shares of the company’s stock valued at $13,590,000 after buying an additional 56,481 shares during the last quarter. Elk Creek Partners LLC increased its stake in TubeMogul by 20.8% in the second quarter. Elk Creek Partners LLC now owns 1,010,201 shares of the company’s stock valued at $12,021,000 after buying an additional 173,633 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in TubeMogul during the second quarter valued at approximately $1,818,000. California State Teachers Retirement System increased its stake in TubeMogul by 40.1% in the second quarter. California State Teachers Retirement System now owns 46,153 shares of the company’s stock valued at $549,000 after buying an additional 13,204 shares during the last quarter. Finally, General Motors Investment Management Corp acquired a new stake in TubeMogul during the second quarter valued at approximately $226,000. Institutional investors own 60.55% of the company’s stock.
A number of brokerages recently weighed in on TUBE. B. Riley began coverage on shares of TubeMogul in a report on Wednesday, October 5th. They issued a “buy” rating and a $13.00 price target on the stock. Citigroup Inc. cut their price target on shares of TubeMogul from $18.00 to $15.00 and set a “buy” rating on the stock 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. JMP Securities downgraded shares of TubeMogul from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 9th. Finally, Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $17.00 price objective (down from $23.00) on shares of TubeMogul in a report on Thursday, August 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $14.55.
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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