Telaria (NYSE:TLRA) Cut to “Hold” at Zacks Investment Research

Zacks Investment Research downgraded shares of Telaria (NYSE:TLRA) from a strong-buy rating to a hold rating in a research report sent to investors 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 brokerages have also recently issued reports on TLRA. Canaccord Genuity raised shares of Nuvista Energy to a buy rating in a report on Tuesday, April 9th. Lake Street Capital set a $50.00 target price on shares of Shotspotter and gave the stock a buy rating in a report on Friday, May 10th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $8.00.

Shares of Telaria stock opened at $7.90 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.50. The business’s fifty day simple moving average is $7.60. Telaria has a 1 year low of $2.19 and a 1 year high of $9.19. The stock has a market capitalization of $364.50 million, a PE ratio of -43.89 and a beta of 1.76.

Telaria (NYSE:TLRA) last issued its earnings results on Thursday, May 9th. The software maker reported ($0.10) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $13.60 million during the quarter, compared to analysts’ expectations of $11.82 million. During the same quarter last year, the company posted ($0.12) earnings per share. The firm’s revenue was up 41.7% compared to the same quarter last year. On average, analysts predict that Telaria will post -0.01 earnings per share for the current fiscal year.

In related news, Director James Rossman sold 173,156 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $8.12, for a total transaction of $1,406,026.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Katie Seitz Evans sold 7,879 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $8.10, for a total transaction of $63,819.90. The disclosure for this sale can be found here. 6.03% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC purchased a new position in shares of Telaria in the fourth quarter worth about $27,000. Hilton Capital Management LLC purchased a new position in shares of Telaria in the first quarter worth about $50,000. BNP Paribas Arbitrage SA lifted its stake in shares of 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 buying an additional 8,197 shares in the last quarter. Metropolitan Life Insurance Co NY purchased a new position in shares of Telaria in the first quarter worth about $93,000. Finally, Menta Capital LLC purchased a new position in shares of Telaria in the first quarter worth about $108,000. Institutional investors and hedge funds own 56.99% of the company’s stock.

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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