The Albert Fried & Company Reiterates Buy Rating for TubeMogul Inc. (TUBE)

The Albert Fried & Company Reiterates Buy Rating for TubeMogul Inc. (TUBE)

TubeMogul Inc. (NASDAQ:TUBE)‘s stock had its “buy” rating restated by stock analysts at Albert Fried & Company in a research report issued to clients and investors on Sunday. They presently have a $14.00 price objective on the stock. Albert Fried & Company’s price objective would indicate a potential upside of 58.55% from the company’s current price.

A number of other analysts also recently weighed in on the stock. B. Riley began coverage on shares of TubeMogul in a research report on Wednesday. They issued a “buy” rating and a $13.00 target price on the stock. Citigroup Inc. reduced their target price on shares of TubeMogul from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Tuesday, September 13th. JPMorgan Chase & Co. reduced their target price on shares of TubeMogul from $20.00 to $17.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 9th. Stephens reaffirmed a “buy” rating on shares of TubeMogul in a research report on Wednesday, June 15th. Finally, Oppenheimer Holdings Inc. reduced their target price on shares of TubeMogul from $18.00 to $14.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $15.00.

Shares of TubeMogul (NASDAQ:TUBE) opened at 8.83 on Friday. The stock’s market cap is $319.82 million. The company’s 50-day moving average is $9.15 and its 200-day moving average is $11.34. TubeMogul has a 12-month low of $8.75 and a 12-month high of $14.46.

10/09/albert-fried-company-reiterates-buy-rating-for-tubemogul-inc-tube.html

TubeMogul (NASDAQ:TUBE) last issued its quarterly earnings data on Monday, August 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 net margin of 8.56% and a negative return on equity of 13.51%. The firm’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.04) earnings per share. On average, equities research analysts anticipate that TubeMogul will post ($0.58) earnings per share for the current year.

In other news, CEO Brett Wilson sold 30,000 shares of TubeMogul stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $11.06, for a total value of $331,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Foundation Capital Management sold 39,309 shares of TubeMogul 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 disclosure for this sale can be found here. 22.20% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. State Street Corp raised its stake in shares of TubeMogul by 15.6% in the first quarter. State Street Corp now owns 216,045 shares of the company’s stock valued at $2,793,000 after buying an additional 29,197 shares during the period. Geode Capital Management LLC raised its stake in shares of TubeMogul by 13.9% in the first quarter. Geode Capital Management LLC now owns 119,051 shares of the company’s stock valued at $1,540,000 after buying an additional 14,507 shares during the period. Adage Capital Partners GP L.L.C. raised its stake in shares of 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 period. Bank of New York Mellon Corp raised its stake in shares of TubeMogul by 20.2% in the second quarter. Bank of New York Mellon Corp now owns 77,780 shares of the company’s stock valued at $926,000 after buying an additional 13,081 shares during the period. Finally, California State Teachers Retirement System raised its stake in shares of 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 period. Institutional investors own 60.49% of the company’s stock.

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