Zacks Investment Research Downgrades Telaria (NYSE:TLRA) to Sell

Telaria (NYSE:TLRA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Telaria provides a software-based platform to manage video advertising. The company provides publishers with real-time analytics and decision making tools to control their video advertising business. The company changed its name from Tremor Video to Telaria in 2017. “

Separately, ValuEngine downgraded Telaria from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $7.95.



Shares of NYSE TLRA traded up $0.14 during mid-day trading on Wednesday, reaching $9.96. The company had a trading volume of 25,790 shares, compared to its average volume of 1,144,510. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.28 and a current ratio of 1.28. Telaria has a twelve month low of $2.19 and a twelve month high of $10.66. The stock’s 50 day moving average is $8.77 and its 200-day moving average is $7.45. The stock has a market capitalization of $437.21 million, a PE ratio of -55.44 and a beta of 1.73.

Telaria (NYSE:TLRA) last released its quarterly earnings data on Tuesday, August 6th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Telaria had a negative net margin of 9.18% and a negative return on equity of 9.98%. The firm had revenue of $18.20 million for the quarter, compared to analyst estimates of $15.98 million. During the same period in the previous year, the business posted ($0.06) EPS. Telaria’s revenue for the quarter was up 46.8% on a year-over-year basis. On average, sell-side analysts anticipate that Telaria will post -0.11 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in Telaria by 456.4% in the fourth quarter. Bank of America Corp DE now owns 42,405 shares of the software maker’s stock worth $115,000 after purchasing an additional 34,784 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Telaria by 955.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 9,055 shares of the software maker’s stock valued at $57,000 after acquiring an additional 8,197 shares during the last quarter. Ibex Investors LLC bought a new position in shares of Telaria in the 1st quarter valued at approximately $189,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Telaria by 208.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 120,933 shares of the software maker’s stock valued at $767,000 after acquiring an additional 81,686 shares in the last quarter. Finally, EAM Global Investors LLC bought a new position in shares of Telaria in the 1st quarter valued at approximately $1,688,000. Institutional investors and hedge funds own 59.48% of the company’s stock.

Telaria Company Profile

Telaria, Inc provides a software platform for publishers to manage and monetize video advertising in the United States. The company offers publishers with real-time analytics, data, and decisioning tools to control their video advertising business, as well as a monetization solution to optimize yield across a publisher's supply of digital video inventory.

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