Bank of New York Mellon Corp increased its position in shares of TubeMogul Inc. (NASDAQ:TUBE) by 20.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,780 shares of the company’s stock after buying an additional 13,081 shares during the period. Bank of New York Mellon Corp owned about 0.22% of TubeMogul worth $926,000 as of its most recent filing with the SEC.
Separately, Geode Capital Management LLC increased its position in TubeMogul by 13.9% in the first quarter. Geode Capital Management LLC now owns 119,051 shares of the company’s stock worth $1,540,000 after buying an additional 14,507 shares during the period. 60.55% of the stock is owned by hedge funds and other institutional investors.
Shares of TubeMogul Inc. (NASDAQ:TUBE) traded up 2.97% on Monday, reaching $8.32. 101,781 shares of the company traded hands. The stock has a 50-day moving average price of $9.08 and a 200 day moving average price of $11.22. TubeMogul Inc. has a 1-year low of $8.05 and a 1-year high of $14.46. The firm’s market capitalization is $301.35 million.
TubeMogul (NASDAQ:TUBE) last released its quarterly earnings data on Monday, August 8th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.04. TubeMogul had a negative return on equity of 13.51% and a negative net margin of 8.56%. The company had revenue of $55.40 million for the quarter, compared to analyst estimates of $58.14 million. During the same period in the previous year, the business posted ($0.04) EPS. The firm’s revenue for the quarter was up 22.0% compared to the same quarter last year. Analysts anticipate that TubeMogul Inc. will post ($0.58) EPS for the current fiscal year.
TUBE has been the topic of a number of research analyst reports. B. Riley initiated coverage on TubeMogul in a research note on Wednesday, October 5th. They issued a “buy” rating and a $13.00 target price on the stock. Citigroup Inc. cut their target price on TubeMogul from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, August 9th. Zacks Investment Research downgraded TubeMogul from a “hold” rating to a “sell” rating in a research note on Friday, August 12th. JMP Securities downgraded TubeMogul from an “outperform” rating to a “market perform” rating in a research note on Tuesday, August 9th. Finally, Piper Jaffray Cos. reaffirmed 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. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. TubeMogul presently has a consensus rating of “Buy” and an average target price of $14.55.
In other news, major shareholder Foundation Capital Management sold 39,309 shares of TubeMogul stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $9.05, for a total value of $355,746.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brett Wilson sold 30,000 shares of TubeMogul stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $9.17, for a total transaction of $275,100.00. The disclosure for this sale can be found here. Company insiders own 22.20% of the company’s stock.
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.