Telaria (TLRA) Upgraded to “Buy” at Zacks Investment Research

Telaria (NYSE:TLRA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday, Zacks.com reports. The brokerage presently has a $8.75 price target on the software maker’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 9.10% from the company’s previous close.

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 equities research analysts have also issued reports on the stock. B. Riley restated a “buy” rating and set a $6.25 price target (up previously from $4.00) on shares of Telaria in a report on Wednesday, February 27th. Canaccord Genuity boosted their price target on shares of Telaria from $6.00 to $9.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. ValuEngine lowered shares of Telaria from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 6th. Lake Street Capital boosted their price target on shares of Telaria from $6.00 to $7.00 and gave the company a “buy” rating in a report on Wednesday, February 27th. Finally, TheStreet upgraded shares of Telaria from a “d+” rating to a “c” rating in a report on Tuesday, February 26th. Six investment analysts have rated the stock with a buy rating, Telaria has a consensus rating of “Buy” and a consensus price target of $8.00.

Shares of TLRA stock traded down $0.08 during trading hours on Wednesday, reaching $8.02. 21,823 shares of the stock traded hands, compared to its average volume of 711,767. Telaria has a 1-year low of $2.19 and a 1-year high of $8.50. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.43 and a quick ratio of 1.37. The firm has a market capitalization of $358.13 million, a P/E ratio of -44.50 and a beta of 2.04.

Telaria (NYSE:TLRA) last released its quarterly earnings results on Thursday, May 9th. The software maker reported ($0.10) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.01. Telaria had a negative net margin of 12.84% and a negative return on equity of 11.45%. The business had revenue of $13.60 million for the quarter, compared to analyst estimates of $11.82 million. During the same quarter in the previous year, the business earned ($0.12) earnings per share. The firm’s revenue was up 41.7% compared to the same quarter last year. Sell-side analysts predict that Telaria will post -0.01 EPS for the current fiscal year.

In other Telaria news, CFO John S. Rego sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $5.64, for a total value of $56,400.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 3.40% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in TLRA. Legal & General Group Plc bought a new stake in Telaria in the third quarter worth approximately $25,000. Squarepoint Ops LLC bought a new stake in Telaria in the fourth quarter worth approximately $27,000. Hilton Capital Management LLC bought a new stake in Telaria in the first quarter worth approximately $50,000. BNP Paribas Arbitrage SA grew its position in Telaria by 955.4% in the first quarter. BNP Paribas Arbitrage SA now owns 9,055 shares of the software maker’s stock worth $57,000 after acquiring an additional 8,197 shares in the last quarter. Finally, Evanson Asset Management LLC grew its position in Telaria by 54.9% in the fourth quarter. Evanson Asset Management LLC now owns 21,301 shares of the software maker’s stock worth $58,000 after acquiring an additional 7,550 shares in the last quarter. Hedge funds and other institutional investors own 39.20% of the company’s stock.

About Telaria

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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