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 (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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