TubeMogul Inc (NASDAQ:TUBE), a leading enterprise software company for brand advertising, today announced that Hirotada Kondo has joined the company as President and Representative Director, TubeMogul Japan. He will report directly toSusan Salop, VP Asia.
Kondo brings over 15 years of experience as an advertising and product executive in key leadership roles in leading Internet companies in Japan. Most recently, Kondo was Head of Agency at Google Japan where he was responsible for Google’s strategic relationship with top Japanese agencies. Earlier at Google, Kondo started the YouTube Japan sales business. Prior to that, Kondo was General Manager at Yahoo! Japan where he was an integral part of the launch and growth of Yahoo! Japan’s display advertising business. Earlier in his career Kondo worked at Recruit in various sales leadership roles.
“TubeMogul has made meaningful progress in helping advertisers in Japan take advantage of programmatic solutions that enable them to achieve their business objectives more efficiently and effectively,” said Kondo. “I’m thrilled to join the TubeMogul team and look forward to working with marketers in Japan to collaboratively build the future of brand advertising.”
“We are elated to have Kondo join TubeMogul to lead our Japan operations,” said Susan Salop, Vice President, Asia. “He has extensive experience and intimate knowledge of the online advertising market in Japan and we look forward to our business in Japan flourishing under his veteran leadership.”
Kondo will operate out of TubeMogul’s Tokyo office. TubeMogul’s global headcount was 461 as of March 31st, 2015.(Original Source)
Shares of TubeMogul Inc closed yesterday at $15.87. TUBE has a 1-year high of $23.83 and a 1-year low of $8.90. The stock’s 50-day moving average is $15.08 and its 200-day moving average is $15.29.
On the ratings front, TubeMogul has been the subject of a number of recent research reports. In a report issued on July 9, J.P. Morgan analyst Doug Anmuth initiated coverage with a Buy rating on TUBE and a price target of $20, which implies an upside of 26.0% from current levels. Separately, on June 15, RBC’s Rohit Kulkarni reiterated a Buy rating on the stock and has a price target of $20.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Doug Anmuth and Rohit Kulkarni have a total average return of 25.6% and 3.2% respectively. Anmuth has a success rate of 67.6% and is ranked #21 out of 3711 analysts, while Kulkarni has a success rate of 49.2% and is ranked #1504.
Overall, 4 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $22.33 which is 40.7% above where the stock closed yesterday.
TubeMogul Inc is an enterprise software company for digital branding. The Company’s platform enables advertisers to gain control of digital video advertising spend and achieve brand advertising objectives.