Citigroup Initiates Coverage on YuMe Inc to Neutral

Citigroup Initiates Coverage on YuMe Inc(NYSE:YUME). The shares have been rated Neutral. The rating by Citigroup was issued on Apr 11, 2016.

In a different note, On Feb 19, 2016, Deutsche Bank said it Maintains its rating on YuMe Inc. In the research note, the firm Lowers the price-target to $4.00 per share.

YuMe Inc (YUME) shares turned negative on Fridays trading session with the shares closing down -0.04 points or -1.07% at a volume of 55,204. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $3.77. The peak price level was also seen at $3.77 while the days lowest was $3.7. Finally the shares closed at $3.7. The 52-week high of the shares is $5.76 while the 52-week low is $2.35. According to the latest information available, the market cap of the company is $129 M.

YuMe Inc(YUME) last announced its earnings results on Feb 18, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $53.84M. Analysts had an estimated revenue of $48.50M. Earnings per share were $0.05. Analysts had estimated an EPS of $0.06.

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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