TubeMogul Inc. (NASDAQ:TUBE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “TubeMogul Inc. is an enterprise software company for digital branding. It offers a cloud-based platform that enables advertisers to plan, buy, measure, and optimize video advertising spend from a single platform. TubeMogul makes it cloud-based platform available through two offerings: Platform Direct, which allows advertisers to continuously run campaigns through a self-serve model, and Platform Services, which allows advertisers to specify campaign objectives. The Company serves advertisers, agencies, and publishers throughout world. TubeMogul, Inc. is headquartered in Emeryville, California. “
TUBE has been the subject of several other research reports. JPMorgan Chase & Co. restated a “buy” rating and issued a $17.00 price target on shares of TubeMogul in a report on Tuesday, September 27th. First Analysis cut TubeMogul from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $17.00 to $11.00 in a report on Tuesday, August 16th. Oppenheimer Holdings Inc. lowered their price target on TubeMogul from $18.00 to $14.00 and set an “outperform” rating for the company in a report on Tuesday, August 9th. Piper Jaffray Cos. restated an “overweight” rating and issued a $17.00 price target (down previously from $23.00) on shares of TubeMogul in a report on Thursday, August 11th. Finally, Citigroup Inc. lowered their price target on TubeMogul from $18.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $14.55.
Shares of TubeMogul (NASDAQ:TUBE) opened at 8.31 on Wednesday. The firm’s market cap is $300.99 million. TubeMogul has a one year low of $8.28 and a one year high of $14.46. The company has a 50-day moving average of $9.11 and a 200 day moving average of $11.25.
TubeMogul (NASDAQ:TUBE) last posted its quarterly earnings data on Monday, August 8th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.04. The company had revenue of $55.40 million for the quarter, compared to analysts’ expectations of $58.14 million. TubeMogul had a negative return on equity of 13.51% and a negative net margin of 8.56%. The company’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.04) EPS. On average, equities research analysts expect that TubeMogul will post ($0.58) EPS for the current fiscal year.
In related news, major shareholder Foundation Capital Management sold 39,309 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $9.05, for a total transaction of $355,746.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Brett Wilson sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 12th. The stock was sold at an average price of $8.56, for a total value of $256,800.00. The disclosure for this sale can be found here. Corporate insiders own 22.20% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Elk Creek Partners LLC raised its position 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 period. Highbridge Capital Management LLC bought a new position in TubeMogul during the second quarter valued at approximately $208,000. A.R.T. Advisors LLC bought a new position in TubeMogul during the second quarter valued at approximately $137,000. Murphy Michael R raised its position in TubeMogul by 12.7% in the second quarter. Murphy Michael R now owns 2,478,190 shares of the company’s stock valued at $29,490,000 after buying an additional 278,871 shares during the period. Finally, Citadel Advisors LLC bought a new position in TubeMogul during the second quarter valued at approximately $194,000. 60.49% of the stock is currently owned by hedge funds and other institutional investors.
TubeMogul Company Profile
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.