Cannell Capital LLC Acquires 114,552 Shares of YuMe, Inc. (YUME)

Cannell Capital LLC increased its position in YuMe, Inc. (NYSE:YUME) by 8.7% during the third quarter, Holdings Channel reports. The fund owned 1,436,009 shares of the company’s stock after buying an additional 114,552 shares during the period. YuMe comprises approximately 2.3% of Cannell Capital LLC’s portfolio, making the stock its 21st largest position. Cannell Capital LLC’s holdings in YuMe were worth $5,701,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Emerald Acquisition Ltd. acquired a new stake in shares of YuMe during the second quarter worth about $126,000. Hillsdale Investment Management Inc. acquired a new stake in shares of YuMe during the second quarter worth about $215,000. Finally, Seizert Capital Partners LLC boosted its stake in shares of YuMe by 125.5% in the third quarter. Seizert Capital Partners LLC now owns 197,904 shares of the company’s stock worth $786,000 after buying an additional 110,130 shares during the period. 22.65% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for YuMe (NYSE:YUME)

YuMe, Inc. (NYSE:YUME) opened at 3.53 on Monday. The company’s market capitalization is $121.08 million. The firm has a 50-day moving average of $3.58 and a 200 day moving average of $3.63. YuMe, Inc. has a one year low of $2.90 and a one year high of $4.36.

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Several equities research analysts have weighed in on the stock. Boenning Scattergood reissued a “hold” rating on shares of YuMe in a research report on Wednesday, December 14th. Zacks Investment Research cut shares of YuMe from a “buy” rating to a “hold” rating in a research report on Wednesday, November 9th. Finally, Barclays PLC set a $3.00 price target on shares of YuMe and gave the company a “sell” rating in a research report on Friday, November 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $3.63.

YuMe Company Profile

YuMe, Inc (YuMe) is an independent provider of multi-screen video advertising technology, connecting brand advertisers, digital media property owners and consumers of video content across a range of Internet-connected devices. The Company operating segments include Domestic and International. The Company offers advertising customers end-to-end marketing solutions by combining data-driven technologies with deep insight into audience behavior.

5 Day Chart for NYSE:YUME

Want to see what other hedge funds are holding YUME? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for YuMe, Inc. (NYSE:YUME).

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