Telaria (TLRA) Downgraded to Hold at Zacks Investment Research
Zacks Investment Research lowered shares of Telaria (NYSE:TLRA) from a buy rating to a hold rating in a research note published on Thursday morning.
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 research firms have also recently commented on TLRA. Canaccord Genuity dropped their target price on shares of Telaria from $8.00 to $6.00 and set a buy rating for the company in a report on Friday, October 5th. TheStreet cut shares of Telaria from a c- rating to a d+ rating in a report on Thursday, October 25th. Craig Hallum started coverage on shares of Telaria in a report on Thursday, December 6th. They issued a buy rating and a $5.00 target price for the company. Finally, B. Riley started coverage on shares of Telaria in a report on Thursday, October 18th. They issued a buy rating and a $4.00 target price for the company. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Telaria presently has an average rating of Buy and an average price target of $5.05.
Telaria (NYSE:TLRA) last announced its quarterly earnings data on Thursday, November 8th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The firm had revenue of $13.48 million for the quarter, compared to the consensus estimate of $13.16 million. Telaria had a negative net margin of 23.18% and a negative return on equity of 13.71%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.06) earnings per share. Equities analysts predict that Telaria will post -0.23 EPS for the current fiscal year.
In related news, insider Adam Lowy bought 20,000 shares of the company’s stock in a transaction dated Tuesday, November 20th. The stock was purchased at an average price of $2.98 per share, with a total value of $59,600.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder W Capital Partners Ii L.P. sold 5,051,886 shares of the stock in a transaction dated Wednesday, December 26th. The stock was sold at an average price of $2.53, for a total transaction of $12,781,271.58. The disclosure for this sale can be found here. Insiders bought 29,000 shares of company stock valued at $84,530 in the last three months. Company insiders own 3.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of TLRA. Legal & General Group Plc bought a new position in Telaria in the 3rd quarter valued at approximately $25,000. Mackenzie Financial Corp bought a new position in Telaria in the 3rd quarter valued at approximately $100,000. American International Group Inc. bought a new position in Telaria in the 3rd quarter valued at approximately $110,000. Citadel Advisors LLC bought a new position in Telaria in the 3rd quarter valued at approximately $122,000. Finally, Worth Venture Partners LLC bought a new position in Telaria in the 3rd quarter valued at approximately $133,000. Institutional investors and hedge funds own 43.28% of the company’s stock.
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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