Telaria Inc (NYSE:TLRA) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 361,899 shares, a drop of 32.5% from the February 15th total of 535,825 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,560,072 shares, the days-to-cover ratio is currently 0.2 days.
In other Telaria news, CFO John S. Rego sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 28th. The shares were sold at an average price of $5.64, for a total transaction of $56,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder W Capital Partners Ii L.P. sold 5,051,886 shares of the stock in a transaction that occurred on Wednesday, December 26th. The shares were sold at an average price of $2.53, for a total transaction of $12,781,271.58. The disclosure for this sale can be found here. 3.40% of the stock is owned by company insiders.
Several hedge funds have recently made changes to their positions in TLRA. Cannell Capital LLC acquired a new stake in shares of Telaria during the 4th quarter worth approximately $6,516,000. Meritech Capital Associates III L.L.C. acquired a new stake in shares of Telaria during the 3rd quarter worth approximately $8,838,000. BlackRock Inc. acquired a new stake in shares of Telaria during the 3rd quarter worth approximately $8,574,000. Royce & Associates LP acquired a new stake in shares of Telaria during the 3rd quarter worth approximately $7,980,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Telaria during the 3rd quarter worth approximately $6,457,000. 41.07% of the stock is owned by institutional investors.
A number of analysts have weighed in on TLRA shares. ValuEngine downgraded shares of Telaria from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 6th. Zacks Investment Research downgraded shares of Telaria from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. Craig Hallum started coverage on shares of Telaria in a research report on Thursday, December 6th. They set a “buy” rating and a $5.00 target price for the company. B. Riley reissued a “buy” rating and set a $6.25 target price (up previously from $4.00) on shares of Telaria in a research report on Wednesday, February 27th. Finally, Lake Street Capital increased their target price on shares of Telaria from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Wednesday, February 27th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $6.15.
Shares of TLRA stock opened at $6.06 on Tuesday. The company has a market cap of $287.52 million, a PE ratio of -33.67 and a beta of 1.99. Telaria has a 52 week low of $2.19 and a 52 week high of $6.37.
Telaria (NYSE:TLRA) last announced its quarterly earnings data on Tuesday, February 26th. The software maker reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.04. The company had revenue of $19.70 million during the quarter, compared to the consensus estimate of $15.74 million. Telaria had a negative net margin of 16.98% and a negative return on equity of 12.05%. The company’s quarterly revenue was up 31.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.02) EPS. Research analysts expect that Telaria will post -0.08 earnings per share for the current year.
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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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