Telaria Inc (TLRA) Forecasted to Post Q3 2019 Earnings of $0.01 Per Share
Telaria Inc (NYSE:TLRA) – Research analysts at B. Riley issued their Q3 2019 earnings per share (EPS) estimates for Telaria in a research report issued on Friday, November 9th. B. Riley analyst L. Krowl anticipates that the software maker will earn $0.01 per share for the quarter. B. Riley has a “Buy” rating and a $4.00 price target on the stock. B. Riley also issued estimates for Telaria’s Q4 2019 earnings at $0.06 EPS, Q3 2020 earnings at $0.05 EPS and FY2020 earnings at $0.08 EPS.
TLRA has been the subject of a number of other reports. Canaccord Genuity decreased their price objective on Telaria from $8.00 to $6.00 and set a “buy” rating for the company in a report on Friday, October 5th. TheStreet lowered Telaria from a “c-” rating to a “d+” rating in a report on Thursday, October 25th. Four analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of $5.67.
Telaria (NYSE:TLRA) last issued its quarterly earnings data on Thursday, November 8th. The software maker reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The firm had revenue of $13.48 million during the quarter, compared to analyst estimates of $13.16 million. Telaria had a negative return on equity of 13.71% and a negative net margin of 23.18%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.06) EPS.
In other news, major shareholder Vii Lp Canaan sold 252,020 shares of the business’s stock in a transaction that occurred on Wednesday, October 24th. The stock was sold at an average price of $2.72, for a total value of $685,494.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 815,020 shares of company stock worth $2,727,490 in the last 90 days. Company insiders own 3.40% of the company’s stock.
A number of institutional investors have recently bought and sold shares of TLRA. American International Group Inc. purchased a new position in Telaria in the third quarter valued at approximately $110,000. Citadel Advisors LLC purchased a new position in Telaria in the third quarter valued at approximately $122,000. Rhumbline Advisers purchased a new position in Telaria in the third quarter valued at approximately $146,000. Wells Fargo & Company MN purchased a new position in Telaria in the third quarter valued at approximately $158,000. Finally, California Public Employees Retirement System purchased a new position in Telaria in the first quarter valued at approximately $226,000. Institutional investors and hedge funds own 42.17% of the company’s stock.
Telaria Company Profile
Telaria, Inc, a software company, operates a programmatic, self-service, seller platform to monetize and manage premium video content across various Internet-connected screens and devices in the United States. Its platform enables publishers to optimize and automate their video advertising sales; and manage their inventory across sales channels, devices, and platforms.
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