Oppenheimer Maintains TubeMogul Inc to Outperform with Price Target $14.00

Brokerage firm Oppenheimer Maintains its rating on TubeMogul Inc(NASDAQ:TUBE). In a research note issued to the investors, the brokerage major Lowers the price-target to $14.00 per share. The shares have been rated Outperform. The rating by Oppenheimer was issued on Aug 9, 2016.

In a different note, On Aug 9, 2016, JMP Securities said it Downgrades its rating on TubeMogul Inc. The shares have been rated ‘Market Perform’ by the firm.

TubeMogul Inc (TUBE) shares turned negative on Wednesdays trading session with the shares closing down -0.13 points or -1.35% at a volume of 4,65,817. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $9.65. The peak price level was also seen at $9.65 while the days lowest was $9.4625. Finally the shares closed at $9.52. The 52-week high of the shares is $14.4599 while the 52-week low is $9.11. According to the latest information available, the market cap of the company is $345 M.

TubeMogul Inc(TUBE) last announced its earnings results on Aug 8, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $55.43M. Analysts had an estimated revenue of $58.14M. Earnings per share were $-0.11. Analysts had estimated an EPS of $-0.07.

Several Insider Transactions has been reported to the SEC. On Aug 2, 2016, Brett Wilson (President, CEO & Director) sold 30,000 shares at $11.06 per share price.Also, On Jul 5, 2016, Patricia Nakache (10% owner) sold 522 shares at $11.82 per share price.On Jun 17, 2016, David Toth (director) sold 4,000 shares at $12.18 per share price, according to the Form-4 filing with the securities and exchange commission.

TubeMogul Inc. is an enterprise software company for digital branding. The Company offers a platform that enables customers to launch digital video advertising campaigns onto any digital device. The Company’s customers primarily include brands companies or product lines within companies. Agency trading desks ad networks and publishers also uses its platform. The Company’s platform is integrated with public digital video ad inventory sources where individual ad impressions can be purchased utilizing real-time bidding technology (RTB). The Company offers advertisers the visibility into the inventory they purchase including enabling them to see video ad performance and viewability at any dimension of a campaign. The Company’s platform also includes a suite of safety technologies designed to prevent unacceptable ad placements and to detect and block sites with inappropriate content auto-play ad placements or fraudulent bot-driven traffic.

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