Telaria (TLRA) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Telaria (NYSE:TLRA) from a buy rating to a hold rating in a research note released on Thursday.

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 analysts have also issued reports on TLRA. 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 started coverage on shares of Telaria in a research report on Thursday, October 18th. They set a buy rating and a $4.00 price target for the company. Craig Hallum initiated coverage on shares of Telaria in a report on Thursday, December 6th. They set a buy rating and a $5.00 price objective for the company. Finally, TheStreet lowered shares of Telaria from a c- rating to a d+ rating in a research note on Thursday, October 25th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Telaria has a consensus rating of Buy and an average target price of $5.05.

Shares of TLRA stock opened at $3.27 on Thursday. The firm has a market capitalization of $148.22 million, a price-to-earnings ratio of -8.38 and a beta of 1.74. Telaria has a 12 month low of $2.19 and a 12 month high of $5.30.

Telaria (NYSE:TLRA) last issued its earnings results on Thursday, November 8th. The software maker reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.02. The firm had revenue of $13.48 million during the quarter, compared to analysts’ expectations of $13.16 million. Telaria had a negative net margin of 23.18% and a negative return on equity of 13.71%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.06) earnings per share. Equities analysts expect that Telaria will post -0.23 earnings per share for the current fiscal year.

In other news, major shareholder W Capital Partners Ii L.P. sold 5,051,886 shares of the business’s stock in a transaction on Wednesday, December 26th. The shares were sold at an average price of $2.53, for a total value of $12,781,271.58. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Adam Lowy acquired 20,000 shares of the business’s stock in a transaction dated Tuesday, November 20th. The stock was acquired at an average cost of $2.98 per share, for a total transaction of $59,600.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 29,000 shares of company stock worth $84,530. 3.40% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in the company. Legal & General Group Plc bought a new stake in Telaria during the third quarter worth $25,000. Mackenzie Financial Corp acquired a new position in shares of Telaria in the third quarter valued at $100,000. American International Group Inc. acquired a new position in shares of Telaria in the third quarter valued at $110,000. Citadel Advisors LLC acquired a new position in shares of Telaria in the third quarter valued at $122,000. Finally, Worth Venture Partners LLC acquired a new position in shares of Telaria in the third quarter valued at $133,000. 43.28% of the stock is currently owned by institutional investors and hedge funds.

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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