TubeMogul Inc. (TUBE) Trading 1.5% Higher
TubeMogul Inc. (NASDAQ:TUBE) traded up 1.5% on Tuesday . The company traded as high as $11.50 and last traded at $11.43, with a volume of 63,840 shares trading hands. The stock had previously closed at $11.26.
A number of equities research analysts have recently weighed in on the company. Citigroup Inc. assumed coverage on TubeMogul in a report on Monday, April 11th. They set a “buy” rating and a $18.00 price target on the stock. TheStreet raised TubeMogul from a “sell” rating to a “hold” rating in a report on Wednesday, April 20th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and set a $18.00 price target on shares of TubeMogul in a report on Tuesday, May 10th. Albert Fried & Company reaffirmed a “buy” rating on shares of TubeMogul in a report on Sunday, May 22nd. Finally, Bank of America Corp. reaffirmed a “buy” rating on shares of TubeMogul in a report on Sunday, May 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company. TubeMogul has an average rating of “Buy” and an average price target of $17.90.
The stock has a 50-day moving average of $11.81 and a 200-day moving average of $12.24. The firm’s market cap is $404.79 million.
TubeMogul (NASDAQ:TUBE) last posted its earnings results on Monday, May 9th. The company reported ($0.23) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.23). During the same period in the previous year, the firm earned ($0.24) EPS. The business earned $42.08 million during the quarter, compared to the consensus estimate of $41.77 million. The business’s revenue was up 38.8% compared to the same quarter last year. Equities research analysts forecast that TubeMogul Inc. will post ($0.30) EPS for the current year.
In related news, CEO Brett Wilson sold 30,000 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $11.25, for a total value of $337,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Eric Deeds sold 7,500 shares of the company’s stock in a transaction dated Thursday, April 28th. The shares were sold at an average price of $13.25, for a total transaction of $99,375.00. Following the completion of the sale, the insider now directly owns 71,299 shares in the company, valued at approximately $944,711.75. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in TubeMogul stock. Russell Frank Co raised its position in shares of TubeMogul Inc. (NASDAQ:TUBE) by 23.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 104,594 shares of the company’s stock after buying an additional 19,802 shares during the period. Russell Frank Co owned about 0.30% of TubeMogul worth $1,410,000 at the end of the most recent reporting period.
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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