YuMe Inc (YUME) Releases Earnings Results, Misses Expectations By $-0.01 EPS

YuMe Inc (YUME) reported quarterly earnings results on Tuesday, Aug-9-2016. The company reported $-0.07 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $-0.06. The company posted revenue of $40.70 million in the period, compared to analysts expectations of $41.19 million. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.17 EPS.

Many Wall Street Analysts have commented on YuMe Inc. Shares were Downgraded by Barclays on Jul 7, 2016 to ” Underweight” and Lowered the Price Target to $ 3.50 from a previous price target of $4 .

YuMe Inc opened for trading at $3.48 and hit $3.54 on the upside on Monday, eventually ending the session at $3.5, with a gain of 0.57% or 0.02 points. The heightened volatility saw the trading volume jump to 73,604 shares. Company has a market cap of $121 M.

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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