Telaria (NYSE:TLRA) Downgraded by Zacks Investment Research to Sell

Telaria (NYSE:TLRA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Saturday, 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. “

Several other analysts also recently weighed in on the stock. ValuEngine downgraded shares of Telaria from a “hold” rating to a “sell” rating in a research report on Wednesday. Stephens started coverage on shares of Telaria in a research report on Tuesday. They set an “overweight” rating and a $11.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $8.46.

Telaria stock traded up $0.50 during trading on Friday, reaching $7.28. The stock had a trading volume of 1,153,616 shares, compared to its average volume of 827,350. The stock has a market cap of $312.29 million, a PE ratio of -40.44 and a beta of 1.63. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.48. Telaria has a 52-week low of $2.56 and a 52-week high of $10.66. The business has a 50 day moving average price of $7.37 and a 200 day moving average price of $7.90.

Telaria (NYSE:TLRA) last issued its quarterly earnings data on Tuesday, November 5th. The software maker reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The company had revenue of $16.60 million for the quarter, compared to analysts’ expectations of $16.56 million. Telaria had a negative return on equity of 13.20% and a negative net margin of 10.56%. The firm’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.03) EPS. On average, equities analysts predict that Telaria will post -0.11 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in TLRA. Metropolitan Life Insurance Co NY acquired a new position in shares of Telaria in the 1st quarter valued at $93,000. Whittier Trust Co. acquired a new position in shares of Telaria in the 2nd quarter valued at $345,000. Meeder Asset Management Inc. increased its holdings in shares of 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 acquiring an additional 4,210 shares during the period. Stone Ridge Asset Management LLC acquired a new position in shares of Telaria in the 2nd quarter valued at $127,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Telaria in the 2nd quarter valued at $669,000. 60.04% of the stock is currently owned by institutional investors and hedge funds.

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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