TubeMogul Inc. (TUBE) Sees Strong Trading Volume
Shares of TubeMogul Inc. (NASDAQ:TUBE) saw an uptick in trading volume on Wednesday . 247,643 shares were traded during mid-day trading, an increase of 40% from the previous session’s volume of 177,052 shares.The stock last traded at $10.53 and had previously closed at $10.70.
A number of brokerages recently issued reports on TUBE. Stephens reissued a “buy” rating on shares of TubeMogul in a research note on Wednesday, June 15th. TheStreet cut shares of TubeMogul from a “hold” rating to a “sell” rating in a research note on Thursday, May 26th. Albert Fried & Company reissued a “buy” rating on shares of TubeMogul in a research note on Sunday, May 22nd. Bank of America Corp. reissued a “buy” rating on shares of TubeMogul in a research note on Sunday, May 22nd. Finally, Oppenheimer Holdings Inc. reissued a “buy” rating and issued a $18.00 price objective on shares of TubeMogul in a research note on Friday, May 20th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $17.90.
The company has a 50-day moving average price of $11.36 and a 200 day moving average price of $12.09. The firm’s market cap is $376.54 million.
TubeMogul (NASDAQ:TUBE) last announced its quarterly earnings results on Monday, May 9th. The company reported ($0.23) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.23). During the same quarter in the previous year, the company posted ($0.24) earnings per share. The business had revenue of $42.08 million for the quarter, compared to analysts’ expectations of $41.77 million. The business’s quarterly 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 other TubeMogul news, Director Ashu Garg sold 6,978 shares of the stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $12.69, for a total value of $88,550.82. Following the sale, the director now directly owns 3,174 shares in the company, valued at approximately $40,278.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brett Wilson sold 30,000 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $11.06, for a total transaction of $331,800.00. The disclosure for this sale can be found here.
A hedge fund recently bought a new stake in TubeMogul stock. Eaton Vance Management bought a new stake in TubeMogul Inc. (NASDAQ:TUBE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 86,207 shares of the company’s stock, valued at approximately $1,172,000. Eaton Vance Management owned about 0.25% of TubeMogul at the end of the most recent quarter.
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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