Telaria (NYSE:TLRA) Shares Up 5.4%

Telaria Inc (NYSE:TLRA) shot up 5.4% during trading on Thursday . The company traded as high as $7.75 and last traded at $7.67, 629,700 shares were traded during trading. A decline of 23% from the average session volume of 815,820 shares. The stock had previously closed at $7.28.

A number of brokerages have recently commented on TLRA. ValuEngine cut shares of Telaria from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research cut shares of Telaria from a “hold” rating to a “sell” rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $7.95.

The firm has a market cap of $340.31 million, a price-to-earnings ratio of -42.61 and a beta of 1.61. The business’s 50 day moving average price is $7.86 and its 200 day moving average price is $7.85. 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 (NYSE:TLRA) last announced its earnings results 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 business had revenue of $18.20 million for the quarter, compared to analysts’ expectations of $15.98 million. During the same quarter last year, the business earned ($0.06) EPS. The company’s quarterly revenue was up 46.8% on a year-over-year basis. Sell-side analysts anticipate that Telaria Inc will post -0.11 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in TLRA. Bank of Montreal Can purchased a new position in Telaria in the 2nd quarter valued at $27,000. Atria Investments LLC purchased a new position in Telaria in the 2nd quarter valued at $218,000. Meeder Asset Management Inc. lifted its holdings in Telaria by 1,814.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 4,442 shares of the software maker’s stock valued at $34,000 after purchasing an additional 4,210 shares in the last quarter. Royal Bank of Canada lifted its holdings in Telaria by 272.1% in the 2nd quarter. Royal Bank of Canada now owns 5,488 shares of the software maker’s stock valued at $41,000 after purchasing an additional 4,013 shares in the last quarter. Finally, Envestnet Asset Management Inc. purchased a new position in Telaria in the 3rd quarter valued at $73,000. Hedge funds and other institutional investors own 59.44% of the company’s stock.

Telaria Company Profile (NYSE:TLRA)

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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