YuMe Inc Got Some Bad NewsBy Austin Angelo
According to TipRanks.com, Sankar is a 4-star analyst with an average return of 31.8% and a 80.0% success rate. Sankar covers the Technology sector, focusing on stocks such as Facebook Inc, Tremor Video, and Groupon Inc.
YuMe Inc has an analyst consensus of Moderate Sell, with a price target consensus of $3.
Based on YuMe Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $40.68 million and GAAP net loss of $2.49 million. In comparison, last year the company earned revenue of $38.87 million and had a GAAP net loss of $6.53 million.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of YUME in relation to earlier this year.
YuMe, Inc. provides digital video brand advertising solutions. Its proprietary technologies serves in the specific needs of brand advertisers and enable them to find and target large, brand receptive audiences across a wide range of Internet connected devices and digital media properties. The company’s software is used by global digital media properties to monetize professionally-produced content and applications. It facilitates digital video advertising by matching relevant audiences available through the company’s digital media property partners with appropriate advertising campaigns from its advertising customers. The company was founded by Jayant Kadambi and Ayyappan Sankaran on December 16, 2004 and is headquartered in Redwood, CA.