YuMe Inc (YUME) is Downgraded by Barclays to Underweight, Lowers Price Target to $ 3.50

YuMe Inc (YUME) was Downgraded by Barclays to ” Underweight” while Lowering the Price Target of the company shares to $ 3.50 from a previous price target of $4 . Earlier the firm had a rating of “Equal Weight ” on the company shares. Barclays advised their investors in a research report released on Jul 7, 2016.

On the company’s financial health, YuMe Inc reported $-0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on May 4, 2016. Analyst had a consensus of $-0.19. The company had revenue of $39.23 million for the quarter, compared to analysts expectations of $36.03 million. The company’s revenue was down -2.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.18 EPS.

YuMe Inc closed down -0.02 points or -0.54% at $3.68 with 47,862 shares getting traded on Tuesday. Post opening the session at $3.67, the shares hit an intraday low of $3.62 and an intraday high of $3.72 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Sep 1, 2015, Jayant Kadambi (CHAIRMAN, PRESIDENT, & CEO) sold 13,863 shares at $2.62 per share price. According to the SEC, 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.

YuMe Inc

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