The stock of YuMe Inc (NYSE:YUME) is a huge mover today! The stock decreased 3.02% or $0.12 on October 5, hitting $3.85. About 92,555 shares traded hands. YuMe Inc (NYSE:YUME) has declined 1.49% since March 2, 2016 and is downtrending. It has underperformed by 9.75% the S&P500.
The move comes after 7 months negative chart setup for the $132.89 million company. It was reported on Oct, 5 by Barchart.com. We have $3.39 PT which if reached, will make NYSE:YUME worth $15.95M less.
Analysts await YuMe Inc (NYSE:YUME) to report earnings on November, 3. They expect $-0.09 earnings per share, up 52.63% or $0.10 from last year’s $-0.19 per share. After $-0.07 actual earnings per share reported by YuMe Inc for the previous quarter, Wall Street now forecasts 28.57% negative EPS growth.
YuMe Inc (NYSE:YUME) Ratings Coverage
Out of 5 analysts covering YuMe (NYSE:YUME), 1 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 20% are positive. YuMe has been the topic of 8 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained YuMe Inc (NYSE:YUME) on Thursday, August 27 with “Buy” rating. Citigroup maintained it with “Neutral” rating and $3.50 target price in Wednesday, August 10 report. Boenning & Scattergood initiated the shares of YUME in a report on Thursday, November 12 with “Neutral” rating. On Wednesday, August 10 the stock rating was maintained by Barclays Capital with “Underweight”. The rating was maintained by Barclays Capital on Tuesday, August 11 with “Equal Weight”. Piper Jaffray downgraded it to “Overweight” rating and $4 target price in Tuesday, August 11 report.
According to Zacks Investment Research, “YuMe, Inc. operates as a digital video advertising solution provider. It offers technologies that connect advertisers, app developers, content distributors, consumer electronics manufacturers, and publishers. The company’s technologies enable brand advertisers to find and target audiences across a range of Internet-connected devices and digital media properties. YuMe, Inc. is headquartered in Redwood City, California.”
Insitutional Activity: The institutional sentiment increased to 2.25 in 2016 Q2. Its up 0.68, from 1.57 in 2016Q1. The ratio improved, as 4 funds sold all YuMe Inc shares owned while 8 reduced positions. 13 funds bought stakes while 14 increased positions. They now own 6.53 million shares or 43.81% more from 4.54 million shares in 2016Q1.
Moreover, Art Advsrs Limited has 0.01% invested in YuMe Inc (NYSE:YUME) for 32,909 shares. Tfs Limited Liability Company last reported 0.08% of its portfolio in the stock. Goldman Sachs Grp Inc owns 113,946 shares or 0% of their US portfolio. Gamco Incorporated Et Al owns 27,000 shares or 0% of their US portfolio. Grt Cap Prtn Lc last reported 0.03% of its portfolio in the stock. Jacobs Levy Equity Management owns 81,526 shares or 0.01% of their US portfolio. Federated Investors Pa owns 2,140 shares or 0% of their US portfolio. Morgan Stanley holds 0% or 92,882 shares in its portfolio. Nationwide Fund Advsr holds 13,500 shares or 0% of its portfolio. The Massachusetts-based Geode Management Limited Liability has invested 0% in YuMe Inc (NYSE:YUME). Blackrock Fund has invested 0% of its portfolio in YuMe Inc (NYSE:YUME). Retail Bank Of America De has 0% invested in the company for 7,889 shares. Manufacturers Life Ins Company The reported 1,788 shares or 0% of all its holdings. Blackrock Institutional Tru Com Na has invested 0% of its portfolio in YuMe Inc (NYSE:YUME). Cannell Cap Ltd Llc has 1.98% invested in the company for 1.32 million shares.
More notable recent YuMe Inc (NYSE:YUME) news were published by: Finance.Yahoo.com which released: “Strength Seen in YuMe Inc. (YUME): Stock Goes Up 11.3%” on September 15, 2016, also Benzinga.com with their article: “Boenning & Scattergood ‘Not Convinced’ AVI Partners’ Offer For YuMe Will …” published on September 14, 2016, Prnewswire.com published: “ISS Recommends YuMe Stockholders Vote the VIEX Opportunities Fund GOLD Proxy Card” on May 17, 2016. More interesting news about YuMe Inc (NYSE:YUME) were released by: Prnewswire.com and their article: “VIEX Opportunities Fund Announces that Preliminary Voting Results Indicate …” published on May 27, 2016 as well as Seekingalpha.com‘s news article titled: “YuMe: Corporate Governance Improvement In Progress” with publication date: August 01, 2016.
YUME Company Profile
YuMe, Inc. (YuMe), incorporated on December 16, 2004, is an independent well-known provider of multi-screen video advertising technology, connecting brand advertisers, digital media property owners and clients of video content across a range of Internet-connected devices. The Firm operating divisions include Domestic and International. The Firm offers advertising clients end-to-end marketing solutions by combining data-driven technologies with deep insight into audience behavior. The Firm also offers demand-side platform (DSP), called YuMe for Advertisers, to find relevant audiences and deliver targeted advertising, and a supply-side platform (SSP), called YuMe for Publishers (YFP 5.0), which helps aggregate audiences, define audience characteristics and offer monetization opportunities for digital media property owners. 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. The Company’s software is used by digital media properties to monetize professionally-produced content and applications.
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