Research analysts at B. Riley initiated coverage on shares of Telaria (NYSE:TLRA) in a research report issued to clients and investors on Thursday. The brokerage set a “buy” rating and a $4.00 price target on the software maker’s stock. B. Riley’s price target would suggest a potential upside of 37.46% from the company’s previous close.
Separately, Canaccord Genuity reduced their target price on Telaria from $8.00 to $6.00 and set a “buy” rating for the company in a report on Friday, October 5th. Four analysts have rated the stock with a buy rating, Telaria currently has an average rating of “Buy” and a consensus target price of $5.67.
Shares of TLRA stock opened at $2.91 on Thursday. Telaria has a 12-month low of $2.19 and a 12-month high of $5.30.
Telaria (NYSE:TLRA) last issued its quarterly earnings results on Wednesday, August 8th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.06). The company had revenue of $12.40 million for the quarter, compared to the consensus estimate of $12.43 million. Telaria had a negative return on equity of 15.53% and a net margin of 4.35%. The business’s quarterly revenue was up 25.3% compared to the same quarter last year.
In other Telaria news, major shareholder Vii Lp Canaan sold 113,062 shares of the stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $3.53, for a total transaction of $399,108.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 640,902 shares of company stock valued at $2,326,338 in the last three months. Insiders own 3.40% of the company’s stock.
Several institutional investors have recently made changes to their positions in TLRA. Lord Abbett & CO. LLC acquired a new stake in shares of Telaria in the first quarter valued at approximately $2,585,000. Millennium Management LLC acquired a new stake in shares of Telaria in the first quarter valued at approximately $2,026,000. Dimensional Fund Advisors LP acquired a new stake in shares of Telaria in the first quarter valued at approximately $2,014,000. Acadian Asset Management LLC acquired a new stake in shares of Telaria in the second quarter valued at approximately $1,703,000. Finally, BlackRock Inc. acquired a new stake in shares of Telaria in the first quarter valued at approximately $632,000. 42.31% of the stock is owned by institutional investors and hedge funds.
Telaria Company Profile
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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