The stock of TubeMogul Inc (NASDAQ:TUBE) gapped up by $5.99 today and has $23.14 target or 66.00% above today’s $13.94 share price. The 9 months technical chart setup indicates low risk for the $503.60M company. The gap was reported on Nov, 10 by Barchart.com. If the $23.14 price target is reached, the company will be worth $332.38 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock increased 81.75% or $6.27 during the last trading session, hitting $13.94. About 28.51 million shares traded hands or 9248.28% up from the average. TubeMogul Inc (NASDAQ:TUBE) has declined 45.49% since April 8, 2016 and is downtrending. It has underperformed by 51.14% the S&P500.
Analysts await TubeMogul Inc (NASDAQ:TUBE) to report earnings on November, 14. They expect $-0.22 earnings per share, down 100.00% or $0.11 from last year’s $-0.11 per share. After $-0.11 actual earnings per share reported by TubeMogul Inc for the previous quarter, Wall Street now forecasts 100.00% negative EPS growth.
TubeMogul Inc (NASDAQ:TUBE) Ratings Coverage
Out of 9 analysts covering TubeMogul (NASDAQ:TUBE), 7 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 78% are positive. TubeMogul has been the topic of 14 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The company was initiated on Thursday, October 6 by B. Riley & Co. As per Wednesday, August 12, the company rating was downgraded by BMO Capital Markets. On Tuesday, August 9 the stock rating was maintained by JP Morgan with “Overweight”. On Tuesday, August 9 the stock rating was maintained by Oppenheimer with “Outperform”. On Tuesday, September 13 the stock rating was maintained by Citigroup with “Buy”. The firm earned “Buy” rating on Tuesday, August 9 by Citigroup. The stock of TubeMogul Inc (NASDAQ:TUBE) has “Outperform” rating given on Monday, August 10 by BMO Capital Markets. The firm has “Market Perform” rating by JMP Securities given on Tuesday, August 9. As per Tuesday, August 16, the company rating was downgraded by First Analysis. The firm has “Outperform” rating given on Tuesday, August 11 by RBC Capital Markets.
According to Zacks Investment Research, “TubeMogul Inc. is an enterprise software company for digital branding. It offers a cloud-based platform that enables advertisers to plan, buy, measure, and optimize video advertising spend from a single platform. TubeMogul makes it cloud-based platform available through two offerings: Platform Direct, which allows advertisers to continuously run campaigns through a self-serve model, and Platform Services, which allows advertisers to specify campaign objectives. The Company serves advertisers, agencies, and publishers throughout world. TubeMogul, Inc. is headquartered in Emeryville, California.”
Insitutional Activity: The institutional sentiment increased to 1.88 in 2016 Q2. Its up 0.28, from 1.6 in 2016Q1. The ratio increased, as 8 funds sold all TubeMogul Inc shares owned while 18 reduced positions. 18 funds bought stakes while 31 increased positions. They now own 21.60 million shares or 1.81% less from 22.00 million shares in 2016Q1.
Grandeur Peak Global Advisors Limited Liability Co has invested 0.15% of its portfolio in TubeMogul Inc (NASDAQ:TUBE). Ladenburg Thalmann Financial holds 0% or 500 shares in its portfolio. The Pennsylvania-based Vanguard Grp has invested 0% in TubeMogul Inc (NASDAQ:TUBE). Metropolitan Life Insurance Co Ny has 12,236 shares for 0% of their US portfolio. Wall Street Assoc, a California-based fund reported 222,843 shares. Blackrock Fund accumulated 570,837 shares or 0% of the stock. Geode Cap Mngmt Lc owns 126,276 shares or 0% of their US portfolio. The New York-based Blackrock Incorporated has invested 0% in TubeMogul Inc (NASDAQ:TUBE). Lpl Fincl Ltd Co reported 10,208 shares or 0% of all its holdings. Baker Avenue Asset Management L P has 0.04% invested in the company for 19,990 shares. Jpmorgan Chase And has 63,530 shares for 0% of their US portfolio. Bessemer reported 95 shares or 0% of all its holdings. Teachers Advisors holds 0% or 35,102 shares in its portfolio. Tiaa Cref Inv Management Ltd Liability last reported 70,953 shares in the company. National Bank & Trust Of Montreal Can holds 0% of its portfolio in TubeMogul Inc (NASDAQ:TUBE) for 511 shares.
Insider Transactions: Since May 20, 2016, the stock had 0 insider purchases, and 19 insider sales for $2.56 million net activity. Shares for $420,604 were sold by ELMORE WILLIAM B on Tuesday, July 5. 4,000 shares with value of $48,704 were sold by Toth David on Thursday, June 16. The insider Foundation Capital Management Co. VI – LLC sold $3,366. Another trade for 268 shares valued at $3,366 was made by Garg Ashu on Monday, May 23. Shares for $11,390 were sold by Deeds Eric on Friday, May 20. 30,000 shares were sold by Wilson Brett, worth $256,913 on Tuesday, October 11. Eadie Keith sold 9,240 shares worth $76,661.
More notable recent TubeMogul Inc (NASDAQ:TUBE) news were published by: Investorplace.com which released: “TUBE, ADBE: TubeMogul Inc Shares Skyrocket on Adobe Systems Incorporated Deal” on November 10, 2016, also Nasdaq.com with their article: “Earnings Reaction History: TUBEMOGUL INC, 28.6% Follow-Through Indicator, 14.6 …” published on November 09, 2016, Fool.com published: “Why TubeMogul, Inc. Shares Plunged Today” on August 09, 2016. More interesting news about TubeMogul Inc (NASDAQ:TUBE) were released by: Fool.com and their article: “TubeMogul Inc Slashes Earnings Outlook” published on August 17, 2016 as well as Fool.com‘s news article titled: “Why TubeMogul Inc’s Shares Plunged 19% in August” with publication date: September 11, 2016.
TUBE Company Profile
TubeMogul, Inc., incorporated on January 21, 2014, provides software for brand advertising. The Company’s software platform is used by advertisers to plan, buy, measure and optimize their global brand advertising. The Company’s self-serve software platform enables advertisers to buy advertisement inventory across various advertising channels, including linear television, video-on-demand, connected television, digital video, digital display and social media. By integrating programmatic technologies and disparate sources of inventory within a single platform, it enables the clients to launch advertising campaigns onto digital devices and televisions. The Company’s clients are primarily brands and the advertising agencies that serve them. Brands refer to companies, or product lines within companies, that control advertising budgets for a single marketing brand or a group of marketing brands. Agency trading desks, advertisement networks and publishers also use its platform.
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