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February 28, 2014
07:57 EDTYUMEYuMe sell-off a buying opportunity, says Needham
Needham views the post-earnings pullback in shares of YuMe as a buying opportunity. The firm says customer spending is reaccelerating in Q1 and its maintains a Buy rating on the stock with a $13 price target.
News For YUME From The Last 14 Days
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October 7, 2015
09:40 EDTYUMEVertex goes activist on YuMe, wants focus on strategic alternatives
Vertex Capital Advisors disclosed a 5.3% stake in YuMe amd said it believes the stock is "materially undervalued" trading at an enterprise value of $27M, which it notes is less than two-times EBITDA of the company's core business. Vertex believes YuMe's board "must focus on strategic alternatives to maximize shareholder value and be accountable to shareholders on capital allocation." Based on historical performance and management's projections to date, Vertex estimates the company's core business will generate approximately $140M of revenue in FY15. Vertex thinks now is the time for YuMe to "undertake a self tender" given the strength of its core business. Further, Vertex believes there needs to be a reconstitution of the board to "include individuals who think and act like true owners" of the company. The provider of digital video brand advertising solutions is trading up 8c to $2.98.

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