Zacks Investment Research Lowers Telaria (NYSE:TLRA) to Sell

Telaria (NYSE:TLRA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday, 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. “

Separately, ValuEngine lowered shares of Telaria from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $7.95.

Shares of NYSE:TLRA traded down $0.32 during trading on Wednesday, reaching $7.90. The stock had a trading volume of 24,591 shares, compared to its average volume of 1,226,409. Telaria has a one year low of $2.19 and a one year high of $10.66. The company has a market capitalization of $366.48 million, a P/E ratio of -44.44 and a beta of 1.72. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.48. The firm’s 50-day simple moving average is $8.85 and its 200 day simple moving average is $7.58.

Telaria (NYSE:TLRA) last released its quarterly earnings results on Tuesday, August 6th. The software maker reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Telaria had a negative net margin of 9.18% and a negative return on equity of 9.98%. The firm had revenue of $18.20 million during the quarter, compared to the consensus estimate of $15.98 million. During the same quarter in the prior year, the business posted ($0.06) earnings per share. The firm’s quarterly revenue was up 46.8% on a year-over-year basis. Equities research analysts forecast that Telaria will post -0.11 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the company. Bank of Montreal Can purchased a new position in shares of Telaria during the 2nd quarter valued at approximately $27,000. Atria Investments LLC acquired a new stake in Telaria in the 2nd quarter valued at $218,000. Meeder Asset Management Inc. grew its stake in Telaria by 1,814.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 4,442 shares of the software maker’s stock valued at $34,000 after acquiring an additional 4,210 shares during the period. Royal Bank of Canada grew its stake in Telaria by 272.1% in the 2nd quarter. Royal Bank of Canada now owns 5,488 shares of the software maker’s stock valued at $41,000 after acquiring an additional 4,013 shares during the period. Finally, Hilton Capital Management LLC acquired a new stake in Telaria in the 1st quarter valued at $50,000. 59.48% of the stock is owned by hedge funds and other institutional investors.

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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