Stock analysts at B. Riley assumed coverage on shares of Telaria (NYSE:TLRA) in a research note issued to investors on Thursday, Marketbeat.com reports. The firm set a “buy” rating and a $4.00 price target on the software maker’s stock. B. Riley’s target price would suggest a potential upside of 44.93% from the company’s previous close.
Separately, Canaccord Genuity lowered their price target on shares of Telaria from $8.00 to $6.00 and set a “buy” rating for the company in a report on Friday, October 5th. Four investment analysts have rated the stock with a buy rating, Telaria has a consensus rating of “Buy” and an average target price of $5.67.
Shares of TLRA stock opened at $2.76 on Thursday. Telaria has a fifty-two week low of $2.19 and a fifty-two week high of $5.30.
Telaria (NYSE:TLRA) last announced its quarterly earnings results on Wednesday, August 8th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.06). The company had revenue of $12.40 million during the quarter, compared to the consensus estimate of $12.43 million. Telaria had a net margin of 4.35% and a negative return on equity of 15.53%. The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year.
In related news, major shareholder Vii Lp Canaan sold 159,328 shares of the stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $3.78, for a total value of $602,259.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 640,902 shares of company stock valued at $2,326,338 over the last 90 days. 3.40% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. A.R.T. Advisors LLC acquired a new stake in Telaria in the first quarter valued at $140,000. Element Capital Management LLC acquired a new stake in Telaria during the 1st quarter worth about $143,000. California Public Employees Retirement System acquired a new stake in Telaria during the 1st quarter worth about $226,000. Northern Trust Corp acquired a new stake in Telaria during the 1st quarter worth about $243,000. Finally, Strs Ohio acquired a new stake in Telaria during the 3rd quarter worth about $503,000. Institutional investors and hedge funds own 42.31% of the company’s stock.
Telaria, Inc, a software company, operates a programmatic, self-service, seller platform to monetize and manage premium video content across various Internet-connected screens and devices in the United States. Its platform enables publishers to optimize and automate their video advertising sales; and manage their inventory across sales channels, devices, and platforms.
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