Tremor Video, Inc. (TRMR) Price Target Raised to $4.00 at Canaccord Genuity
Tremor Video, Inc. (NYSE:TRMR) had its target price increased by Canaccord Genuity from $3.00 to $4.00 in a research report released on Monday morning. The firm currently has a buy rating on the software maker’s stock.
Several other equities research analysts also recently weighed in on TRMR. Jefferies Group LLC reaffirmed a buy rating and set a $3.25 price target (up from $2.75) on shares of Tremor Video in a research report on Sunday, May 14th. ValuEngine downgraded Tremor Video from a hold rating to a sell rating in a research report on Tuesday, August 1st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $3.63.
Tremor Video (NYSE:TRMR) opened at 3.15 on Monday. Tremor Video has a 52 week low of $1.45 and a 52 week high of $3.27. The firm has a 50-day moving average price of $2.40 and a 200-day moving average price of $2.28. The company’s market cap is $159.02 million.
Tremor Video (NYSE:TRMR) last issued its earnings results on Thursday, August 3rd. The software maker reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.04. The company had revenue of $48.90 million during the quarter, compared to analyst estimates of $43.46 million. Tremor Video had a negative return on equity of 16.72% and a negative net margin of 7.11%. The firm’s quarterly revenue was up 31.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.11) EPS. Equities research analysts anticipate that Tremor Video will post ($0.23) EPS for the current fiscal year.
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In other news, CEO Mark Zagorski acquired 41,865 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average cost of $2.42 per share, for a total transaction of $101,313.30. Following the acquisition, the chief executive officer now owns 41,865 shares in the company, valued at approximately $101,313.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 8.20% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in Tremor Video by 317.8% in the first quarter. Goldman Sachs Group Inc. now owns 114,789 shares of the software maker’s stock valued at $230,000 after buying an additional 87,314 shares during the last quarter. Evanson Asset Management LLC boosted its stake in Tremor Video by 30.8% in the second quarter. Evanson Asset Management LLC now owns 110,376 shares of the software maker’s stock valued at $275,000 after buying an additional 26,013 shares during the last quarter. Spark Investment Management LLC purchased a new stake in Tremor Video during the first quarter valued at about $397,000. Intrinsic Edge Capital Management LLC purchased a new stake in Tremor Video during the second quarter valued at about $582,000. Finally, Dimensional Fund Advisors LP boosted its stake in Tremor Video by 18.3% in the second quarter. Dimensional Fund Advisors LP now owns 257,351 shares of the software maker’s stock valued at $641,000 after buying an additional 39,742 shares during the last quarter. Institutional investors own 36.50% of the company’s stock.
Tremor Video Company Profile
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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