TubeMogul Inc (TUBE) was Downgraded by JMP Securities to ” Mkt Perform”. Earlier the firm had a rating of “Mkt Outperform ” on the company shares. JMP Securities advised their investors in a research report released on Aug 9, 2016.
On the company’s financial health, TubeMogul Inc reported $-0.11 EPS for the quarter, missing the analyst consensus estimate by $ -0.15 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $0.04. The company had revenue of $55.40 million for the quarter, compared to analysts expectations of $58.19 million. The company’s revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.04 EPS.
TubeMogul Inc opened for trading at $12 and hit $12.78 on the upside on Monday, eventually ending the session at $12.64, with a gain of 6.49% or 0.77 points. The heightened volatility saw the trading volume jump to 7,38,230 shares. Company has a market cap of $452 M.
In a different news, on Aug 2, 2016, Brett Wilson (President, CEO & Director) sold 30,000 shares at $11.06 per share price. According to the SEC, on Jun 17, 2016, David Toth (director) sold 4,000 shares at $12.18 per share price. On Jun 7, 2016, Ashu Garg (director) sold 6,978 shares at $12.69 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.