TubeMogul Inc. (TUBE) Trading 1.5% Higher
TubeMogul Inc. (NASDAQ:TUBE)’s share price traded up 1.5% on Tuesday . The stock traded as high as $11.50 and last traded at $11.43, with a volume of 63,840 shares changing hands. The stock had previously closed at $11.26.
Several equities analysts have weighed in on the company. Bank of America Corp. reaffirmed a “buy” rating on shares of TubeMogul in a report on Sunday, May 22nd. Albert Fried & Company reaffirmed a “buy” rating on shares of TubeMogul in a report on Sunday, May 22nd. Zacks Investment Research cut TubeMogul from a “buy” rating to a “hold” rating in a report on Friday, May 13th. TheStreet cut TubeMogul from a “hold” rating to a “sell” rating in a report on Thursday, May 26th. Finally, Oppenheimer Holdings Inc. reissued a “buy” rating and set a $18.00 price target on shares of TubeMogul in a report on Friday, May 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company. TubeMogul currently has an average rating of “Buy” and an average price target of $17.90.
The stock has a 50-day moving average price of $11.77 and a 200 day moving average price of $12.22. The stock’s market capitalization is $411.23 million.
TubeMogul (NASDAQ:TUBE) last posted its quarterly earnings results on Monday, May 9th. The company reported ($0.23) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.23). The company earned $42.08 million during the quarter, compared to the consensus estimate of $41.77 million. During the same period in the previous year, the business earned ($0.24) earnings per share. TubeMogul’s revenue was up 38.8% on a year-over-year basis. Equities analysts forecast that TubeMogul Inc. will post ($0.30) earnings per share for the current year.
In other news, major shareholder William B. Elmore sold 39,294 shares of the firm’s stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $10.70, for a total value of $420,445.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brett Wilson sold 30,000 shares of the firm’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $11.25, for a total value of $337,500.00. The disclosure for this sale can be found here.
An institutional investor recently bought a new position in TubeMogul stock. Eaton Vance Management purchased a new position in TubeMogul Inc. (NASDAQ:TUBE) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 86,207 shares of the company’s stock, valued at approximately $1,172,000. Eaton Vance Management owned approximately 0.25% of TubeMogul as of its most recent SEC filing.
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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