Telaria (NYSE:TLRA) posted its earnings results on Thursday. The software maker reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.02, Briefing.com reports. The business had revenue of $13.48 million for the quarter, compared to analysts’ expectations of $13.16 million. Telaria had a net margin of 4.35% and a negative return on equity of 15.53%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.06) EPS. Telaria updated its Q4 2018 guidance to EPS and its FY 2018 guidance to EPS.
TLRA traded up $0.30 during midday trading on Thursday, hitting $3.32. 400,871 shares of the company traded hands, compared to its average volume of 263,185. The stock has a market capitalization of $165.54 million, a P/E ratio of -8.51 and a beta of 1.73. Telaria has a 52 week low of $2.19 and a 52 week high of $5.30.
TLRA has been the topic of several research analyst reports. Canaccord Genuity lowered their target price on shares of Telaria from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, October 5th. B. Riley initiated coverage on shares of Telaria in a research note on Thursday, October 18th. They set a “buy” rating and a $4.00 target price on the stock. Finally, TheStreet cut shares of Telaria from a “c-” rating to a “d+” rating in a research note on Thursday, October 25th. Four research analysts have rated the stock with a buy rating, Telaria has a consensus rating of “Buy” and an average price target of $5.67.
Several large investors have recently modified their holdings of the company. Acadian Asset Management LLC lifted its stake in shares of Telaria by 4.4% in the 3rd quarter. Acadian Asset Management LLC now owns 439,639 shares of the software maker’s stock worth $1,666,000 after purchasing an additional 18,359 shares during the period. A.R.T. Advisors LLC bought a new position in shares of Telaria in the 1st quarter worth approximately $140,000. Rhumbline Advisers bought a new position in shares of Telaria in the 3rd quarter worth approximately $146,000. Wells Fargo & Company MN bought a new position in shares of Telaria in the 3rd quarter worth approximately $158,000. Finally, California Public Employees Retirement System bought a new position in shares of Telaria in the 1st quarter worth approximately $226,000. Hedge funds and other institutional investors own 42.16% of the company’s stock.
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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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