Telaria (TLRA) Shares Gap Down to $5.25

Shares of Telaria Inc (NYSE:TLRA) gapped down before the market opened on Thursday . The stock had previously closed at $5.10, but opened at $5.25. Telaria shares last traded at $5.31, with a volume of 5324 shares traded.

Several analysts recently issued reports on TLRA shares. B. Riley reiterated a “buy” rating and set a $6.25 price objective (up from $4.00) on shares of Telaria in a report on Wednesday, February 27th. Craig Hallum started coverage on Telaria in a report on Thursday, December 6th. They set a “buy” rating and a $5.00 price objective for the company. Zacks Investment Research upgraded Telaria from a “hold” rating to a “buy” rating and set a $3.25 price objective for the company in a report on Wednesday, December 19th. Lake Street Capital increased their price objective on Telaria from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Wednesday, February 27th. Finally, TheStreet upgraded Telaria from a “d+” rating to a “c” rating in a report on Tuesday, February 26th. One 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 target price of $6.15.

The firm has a market capitalization of $287.52 million, a PE ratio of -33.11 and a beta of 1.99.

Telaria (NYSE:TLRA) last posted its earnings results on Tuesday, February 26th. The software maker reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.04. Telaria had a negative return on equity of 12.05% and a negative net margin of 16.98%. The company had revenue of $19.70 million for the quarter, compared to analyst estimates of $15.74 million. During the same period last year, the company earned ($0.02) earnings per share. The business’s revenue was up 31.3% compared to the same quarter last year. As a group, equities analysts predict that Telaria Inc will post -0.08 earnings per share for the current fiscal year.

In other Telaria news, major shareholder W Capital Partners Ii L.P. sold 5,051,886 shares of the firm’s stock in a transaction dated Wednesday, December 26th. The stock was sold at an average price of $2.53, for a total transaction of $12,781,271.58. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO John S. Rego sold 10,000 shares of the firm’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $5.64, for a total value of $56,400.00. The disclosure for this sale can be found here. 3.40% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of TLRA. Cannell Capital LLC acquired a new stake in shares of Telaria in the fourth quarter valued at about $6,516,000. Meritech Capital Associates III L.L.C. acquired a new stake in shares of Telaria in the third quarter valued at about $8,838,000. BlackRock Inc. acquired a new stake in shares of Telaria in the third quarter valued at about $8,574,000. Royce & Associates LP acquired a new stake in shares of Telaria in the third quarter valued at about $7,980,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Telaria in the third quarter valued at about $6,457,000. 41.07% of the stock is currently owned by institutional investors.

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Telaria Company Profile (NYSE:TLRA)

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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