Telaria Inc (NYSE:TLRA) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 1,330,000 shares, a drop of 17.9% from the January 15th total of 1,620,000 shares. Currently, 3.5% of the shares of the stock are sold short. Based on an average daily volume of 1,020,000 shares, the short-interest ratio is presently 1.3 days.
Several hedge funds and other institutional investors have recently modified their holdings of TLRA. Ashford Capital Management Inc. acquired a new stake in shares of Telaria in the third quarter valued at about $6,739,000. Driehaus Capital Management LLC raised its position in shares of Telaria by 48.3% in the fourth quarter. Driehaus Capital Management LLC now owns 2,610,003 shares of the software maker’s stock valued at $22,994,000 after buying an additional 849,646 shares during the last quarter. Millennium Management LLC raised its position in shares of Telaria by 685.7% in the third quarter. Millennium Management LLC now owns 799,572 shares of the software maker’s stock valued at $5,525,000 after buying an additional 697,801 shares during the last quarter. Cooper Creek Partners Management LLC raised its position in shares of Telaria by 165.4% in the fourth quarter. Cooper Creek Partners Management LLC now owns 1,117,832 shares of the software maker’s stock valued at $9,848,000 after buying an additional 696,587 shares during the last quarter. Finally, Cannell Capital LLC acquired a new stake in shares of Telaria in the fourth quarter valued at about $4,935,000. Institutional investors and hedge funds own 57.28% of the company’s stock.
Shares of NYSE TLRA traded up $0.58 during mid-day trading on Friday, reaching $11.81. The company’s stock had a trading volume of 2,000,900 shares, compared to its average volume of 1,220,570. The stock has a 50-day moving average of $10.50 and a two-hundred day moving average of $8.72. The stock has a market capitalization of $509.48 million, a P/E ratio of -73.81 and a beta of 1.51. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.29 and a current ratio of 1.29. Telaria has a 1-year low of $3.14 and a 1-year high of $11.86.
Several equities analysts have issued reports on TLRA shares. Zacks Investment Research raised shares of Telaria from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Thursday, February 6th. Craig Hallum increased their price objective on shares of Telaria from $11.00 to $14.00 and gave the company a “buy” rating in a report on Friday, December 20th. ValuEngine cut shares of Telaria from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. Finally, Stephens assumed coverage on shares of Telaria in a research report on Tuesday, November 5th. They issued an “overweight” rating and a $11.00 target price for the company. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company. Telaria presently has a consensus rating of “Buy” and a consensus price target of $10.54.
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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