Tremor Video Inc. (TRMR) Position Lowered by Canaan Partners VII LLC
Canaan Partners VII LLC lowered its position in shares of Tremor Video Inc. (NYSE:TRMR) by 5.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,410,400 shares of the company’s stock after selling 389,597 shares during the period. Tremor Video comprises 12.8% of Canaan Partners VII LLC’s holdings, making the stock its 2nd largest position. Canaan Partners VII LLC owned approximately 14.13% of Tremor Video worth $12,672,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the stock. S Squared Technology LLC acquired a new stake in Tremor Video during the second quarter valued at approximately $290,000. Spark Investment Management LLC raised its stake in Tremor Video by 21.8% in the second quarter. Spark Investment Management LLC now owns 117,900 shares of the company’s stock valued at $216,000 after buying an additional 21,100 shares during the last quarter. BlackRock Fund Advisors raised its stake in Tremor Video by 17.1% in the second quarter. BlackRock Fund Advisors now owns 108,686 shares of the company’s stock valued at $200,000 after buying an additional 15,910 shares during the last quarter. Vanguard Group Inc. raised its stake in Tremor Video by 0.3% in the second quarter. Vanguard Group Inc. now owns 774,683 shares of the company’s stock valued at $1,425,000 after buying an additional 2,200 shares during the last quarter. Finally, Thompson Davis & CO. Inc. raised its stake in Tremor Video by 2,135.0% in the second quarter. Thompson Davis & CO. Inc. now owns 89,398 shares of the company’s stock valued at $164,000 after buying an additional 85,398 shares during the last quarter. 36.72% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Tremor Video Inc. (NYSE:TRMR) traded up 1.73% on Friday, hitting $1.76. 30,604 shares of the company’s stock were exchanged. The stock’s market cap is $92.29 million. Tremor Video Inc. has a 12-month low of $1.29 and a 12-month high of $2.20. The company’s 50-day moving average price is $1.63 and its 200 day moving average price is $1.80.
Tremor Video (NYSE:TRMR) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.11) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.06. Tremor Video had a negative return on equity of 22.99% and a negative net margin of 27.78%. The company had revenue of $37.10 million for the quarter, compared to analyst estimates of $41.11 million. During the same quarter in the prior year, the business earned ($0.10) earnings per share. Tremor Video’s revenue was down 12.5% compared to the same quarter last year. On average, equities analysts predict that Tremor Video Inc. will post ($0.23) earnings per share for the current fiscal year.
Several equities research analysts have commented on the stock. Jefferies Group reaffirmed a “buy” rating on shares of Tremor Video in a report on Monday, July 18th. Canaccord Genuity reaffirmed a “buy” rating and issued a $3.00 price target on shares of Tremor Video in a report on Sunday, August 7th. Finally, Zacks Investment Research downgraded shares of Tremor Video from a “hold” rating to a “sell” rating in a research report on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $3.33.
In other Tremor Video news, Director Vii Lp Canaan sold 127,112 shares of the firm’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $1.82, for a total transaction of $231,343.84. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 6.20% of the company’s stock.
About Tremor Video
Tremor Video, Inc is an advertising technology company. The Company provides software for video advertising effectiveness. The Company operates through online video advertising services segment. Its technology optimizes performance of video advertisement campaigns across all screens, including computers, smartphones, tablets and connected televisions.
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