Merrill Lynch Believes TUBE Still Has Room to Grow

By Carrie Williams

In a report released today, Nat Schindler from Merrill Lynch reiterated a Buy rating on TubeMogul (NASDAQ: TUBE), with a price target of $17. The company’s shares opened today at $13.96, close to its 52-week high of $14.46.

According to, Schindler is a 1-star analyst with an average return of -3.2% and a 46.6% success rate. Schindler covers the Technology sector, focusing on stocks such as Quotient Technology Inc, TripAdvisor Inc., and Synacor Inc.

Currently, the analyst consensus on TubeMogul is Moderate Buy and the average price target is $13.20, representing a -5.4% downside.

In a report released today, Oppenheimer also maintained a Buy rating on the stock with a $14 price target.

The company has a one year high of $14.46 and a one year low of $7. Currently, TubeMogul has an average volume of 321.2K.

Based on the recent corporate insider activity of 94 insiders, corporate insider sentiment is neutral on the stock. Most recently, in June 2016, Ashu Garg, a Director at TUBE sold 6,978 shares for a total of $88,551.

TubeMogul, Inc. engages in the design, development, and marketing of software for digital branding. Its solutions include cross-channel advertising, premium ad inventory, and creative advertising services. It offers its platform through the Platform Direct, which which allows advertisers to continuously run campaigns through a self-serve model, and Platform Services, which allows advertisers to specify campaign objectives and its team execute the campaign on their behalf using the firm’s platform. The company was founded by John Hughes and Brett Wilson in March 2007 and is headquartered in Emeryville, CA.