Tremor Video Inc. (TRMR) Upgraded by Zacks Investment Research to Hold
Tremor Video Inc. (NYSE:TRMR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “Tremor Video, Inc. offers technology-driven video advertising solutions for advertisers and agencies, and publisher partners primarily in the United States and internationally. Its technology and solutions comprise VideoHub that analyzes in-stream video content, detects viewer, system attributes and leverages its repository of stored data to optimize video ad campaigns for brand-centric metrics, as well as enables advertisers and agencies to understand why, when and where viewers engage with their video ads through analytics and measurement tools. Tremor Video, Inc. is headquartered in New York. “
A number of other equities research analysts also recently commented on the stock. Canaccord Genuity reissued a “buy” rating and issued a $3.00 price objective on shares of Tremor Video in a research report on Sunday, August 7th. Jefferies Group reissued a “buy” rating and issued a $3.00 price objective on shares of Tremor Video in a research report on Monday, August 22nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $3.33.
Shares of Tremor Video (NYSE:TRMR) traded down 0.57% on Tuesday, hitting $1.75. 38,060 shares of the company traded hands. The stock’s 50-day moving average price is $1.62 and its 200-day moving average price is $1.80. The company’s market capitalization is $91.76 million. Tremor Video has a 12 month low of $1.29 and a 12 month high of $2.20.
Tremor Video (NYSE:TRMR) last announced its earnings results on Thursday, August 4th. The company reported ($0.11) earnings per share for the quarter, missing the 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 business had revenue of $37.10 million for the quarter, compared to analysts’ expectations of $41.11 million. During the same period in the previous year, the company earned ($0.10) earnings per share. Tremor Video’s quarterly revenue was down 12.5% on a year-over-year basis. On average, equities analysts predict that Tremor Video will post ($0.23) earnings per share for the current year.
In other news, Director Vii Lp Canaan sold 50,040 shares of the company’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $1.66, for a total value of $83,066.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.20% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. S Squared Technology LLC bought a new position in shares of Tremor Video during the second quarter valued at about $290,000. Spark Investment Management LLC boosted its stake in shares of Tremor Video by 21.8% in the second quarter. Spark Investment Management LLC now owns 117,900 shares of the company’s stock worth $216,000 after buying an additional 21,100 shares in the last quarter. BlackRock Fund Advisors boosted its stake in shares of Tremor Video by 17.1% in the second quarter. BlackRock Fund Advisors now owns 108,686 shares of the company’s stock worth $200,000 after buying an additional 15,910 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Tremor Video by 0.3% in the second quarter. Vanguard Group Inc. now owns 774,683 shares of the company’s stock worth $1,425,000 after buying an additional 2,200 shares in the last quarter. Finally, Thompson Davis & CO. Inc. boosted its stake in shares of Tremor Video by 2,135.0% in the second quarter. Thompson Davis & CO. Inc. now owns 89,398 shares of the company’s stock worth $164,000 after buying an additional 85,398 shares in the last quarter. Institutional investors and hedge funds own 36.72% 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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