Telaria Inc (TLRA) Short Interest Update

Telaria Inc (NYSE:TLRA) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 1,217,885 shares, a growth of 43.2% from the March 29th total of 850,421 shares. Approximately 3.7% of the company’s stock are short sold. Based on an average trading volume of 504,237 shares, the short-interest ratio is currently 2.4 days.

In other news, Director James Rossman sold 173,156 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $8.12, for a total value of $1,406,026.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO John S. Rego sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $5.64, for a total transaction of $56,400.00. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the business. MetLife Investment Advisors LLC bought a new position in shares of Telaria in the first quarter worth approximately $129,000. Metropolitan Life Insurance Co NY bought a new position in shares of Telaria in the first quarter worth approximately $93,000. Summit Partners Public Asset Management LLC bought a new position in shares of Telaria in the first quarter worth approximately $1,331,000. Morgan Stanley boosted its position in shares of Telaria by 57.2% in the first quarter. Morgan Stanley now owns 118,157 shares of the software maker’s stock worth $749,000 after purchasing an additional 43,006 shares during the period. Finally, SEI Investments Co bought a new position in shares of Telaria in the first quarter worth approximately $672,000. Institutional investors and hedge funds own 39.20% of the company’s stock.

TLRA has been the topic of several analyst reports. B. Riley reiterated a “buy” rating and issued a $6.25 target price (up previously from $4.00) on shares of Telaria in a research note on Wednesday, February 27th. Canaccord Genuity upped their target price on shares of Telaria from $6.00 to $9.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. ValuEngine upgraded shares of Telaria from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 28th. Lake Street Capital boosted their price objective on shares of Telaria from $6.00 to $7.00 and gave the company a “buy” rating in a report on Wednesday, February 27th. Finally, TheStreet raised shares of Telaria from a “d+” rating to a “c” rating in a report on Tuesday, February 26th. Six analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus price target of $8.00.

TLRA stock traded up $0.21 during midday trading on Friday, reaching $8.56. 1,762,615 shares of the company’s stock traded hands, compared to its average volume of 726,018. Telaria has a 52-week low of $2.19 and a 52-week high of $9.19. The stock has a market cap of $367.71 million, a P/E ratio of -47.56 and a beta of 2.04. The company has a current ratio of 1.43, a quick ratio of 1.37 and a debt-to-equity ratio of 0.50.

Telaria (NYSE:TLRA) last announced its earnings results on Thursday, May 9th. The software maker reported ($0.10) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.01. The business had revenue of $13.60 million during the quarter, compared to analysts’ expectations of $11.82 million. Telaria had a negative net margin of 12.84% and a negative return on equity of 11.45%. The firm’s revenue was up 41.7% on a year-over-year basis. During the same period in the prior year, the company earned ($0.12) earnings per share. As a group, equities analysts forecast that Telaria will post -0.01 earnings per share for the current year.

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About Telaria

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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