Revenue Update on YuMe Inc(NYSE:YUME)

YuMe Inc(NYSE:YUME) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $40.67M. Analysts estimated a revenue of $41.16M. Earnings per share were $-0.07. Analysts had estimated an EPS of $-0.02.

In a different note, On Jul 7, 2016, Barclays said it Downgrades its rating on YuMe Inc. In the research note, the firm Lowers the price-target to $4.00 per share. The shares have been rated ‘Underweight’ by the firm.

YuMe Inc (YUME) made into the market gainers list on Wednesdays trading session with the shares advancing 0.87% or 0.03 points. Due to strong positive momentum, the stock ended at $3.46, which is also near the day’s high of $3.5. The stock began the session at $3.43 and the volume stood at 32,904 shares. The 52-week high of the shares is $4.18 and the 52 week low is $2.35. The company has a current market capitalization of $119 M and it has 3,42,57,068 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Sep 1, 2015, Jayant Kadambi (CHAIRMAN, PRESIDENT, & CEO) sold 13,863 shares at $2.62 per share price.Also, On Aug 28, 2015, Scot Mclernon (EVP, SALES & CHIEF REVENUE OFC) sold 10,035 shares at $2.46 per share price.On Aug 28, 2015, Ayyappan Sankaran (EVP, ENGINEERING & CTO) sold 13,365 shares at $2.46 per share price, according to the Form-4 filing with the securities and exchange commission.

YuMe Inc. is a provider of digital video brand advertising solutions. The Company’s technologies serve the specific needs of brand advertisers and enable them to find and target brand-receptive audiences across a range of Internet connected devices and digital media properties. It facilitates digital video advertising by dynamically matching relevant audiences available through its digital media property partners with appropriate advertising campaigns from its advertising customers. Its solutions are built for brand advertisers and professional digital media property owners that produce content and applications. It has built its software stack and data-science capabilities to deliver campaign results for brand advertisers and monetization for digital media property owners. It delivers television-like video advertisements which are prominently displayed before the chosen video content is displayed. It delivers these ads to audiences across Internet-connected devices and platforms.

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