Citigroup Initiates Coverage on TubeMogul Inc to Buy

Citigroup Initiates Coverage on TubeMogul Inc(NASDAQ:TUBE). The shares have been rated Buy. The rating by Citigroup was issued on Apr 11, 2016.

In a different note, On Mar 1, 2016, Oppenheimer said it Maintains its rating on TubeMogul Inc. In the research note, the firm Lowers the price-target to $19.00 per share. The shares have been rated ‘Outperform’ by the firm. Boenning & Scattergood said it Initiates Coverage on TubeMogul Inc, according to a research note issued on Feb 5, 2016. The shares have been rated ‘Neutral’ by the firm.

TubeMogul Inc (TUBE) made into the market gainers list on Fridays trading session with the shares advancing 3.00% or 0.42 points. Due to strong positive momentum, the stock ended at $14.41, which is also near the day’s high of $14.44. The stock began the session at $14 and the volume stood at 2,04,399 shares. The 52-week high of the shares is $17.77 and the 52 week low is $9.11. The company has a current market capitalization of $512 M and it has 3,55,59,301 shares in outstanding.

TubeMogul Inc(TUBE) last announced its earnings results on Feb 29, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $58.45M. Analysts had an estimated revenue of $52.29M. Earnings per share were $-0.04. Analysts had estimated an EPS of $-0.14.

Several Insider Transactions has been reported to the SEC. On Apr 8, 2016, Stephen A Scovic (Chief Revenue Officer) sold 10,000 shares at $13.18 per share price.Also, On Apr 7, 2016, Brett Wilson (President, CEO & Director) sold 32,820 shares at $13.24 per share price.On Mar 16, 2016, David Toth (director) sold 4,000 shares at $12.39 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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