Telaria Inc (TLRA) Given Average Rating of “Buy” by Brokerages

Telaria Inc (NYSE:TLRA) has been given a consensus recommendation of “Buy” by the seven analysts that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $8.00.

Several research analysts have weighed in on TLRA shares. Zacks Investment Research upgraded shares of Telaria from a “hold” rating to a “buy” rating and set a $8.75 price objective on the stock in a research note on Wednesday, May 15th. Lake Street Capital reiterated a “buy” rating and issued a $11.00 price objective (up previously from $7.00) on shares of Telaria in a research note on Friday, May 10th. Canaccord Genuity upped their price objective on shares of Telaria from $6.00 to $9.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. ValuEngine lowered shares of Telaria from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. Finally, B. Riley reiterated a “buy” rating and issued a $6.25 price objective (up previously from $4.00) on shares of Telaria in a research note on Wednesday, February 27th.

Telaria stock traded down $0.46 during trading hours on Thursday, hitting $6.96. The company had a trading volume of 1,455,300 shares, compared to its average volume of 739,775. The firm has a market cap of $343.08 million, a PE ratio of -38.67 and a beta of 1.89. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.43 and a current ratio of 1.43. Telaria has a fifty-two week low of $2.19 and a fifty-two week high of $9.19.

Telaria (NYSE:TLRA) last released its quarterly earnings data on Thursday, May 9th. The software maker reported ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.01. The firm had revenue of $13.60 million for the quarter, compared to analyst estimates of $11.82 million. Telaria had a negative net margin of 12.84% and a negative return on equity of 11.45%. The company’s revenue for the quarter was up 41.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.12) EPS. Equities analysts anticipate that Telaria will post -0.01 EPS for the current fiscal year.

In other Telaria news, Director James Rossman sold 173,156 shares of the business’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Katie Seitz Evans sold 7,879 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $8.10, for a total transaction of $63,819.90. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN grew its position in Telaria by 4.3% in the first quarter. Wells Fargo & Company MN now owns 62,044 shares of the software maker’s stock worth $393,000 after acquiring an additional 2,544 shares in the last quarter. Legal & General Group Plc bought a new stake in shares of Telaria during the 3rd quarter worth $25,000. Mackenzie Financial Corp boosted its holdings in shares of Telaria by 26.6% during the 4th quarter. Mackenzie Financial Corp now owns 33,350 shares of the software maker’s stock worth $91,000 after buying an additional 7,000 shares during the period. Hilton Capital Management LLC bought a new stake in shares of Telaria during the 1st quarter worth $50,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Telaria by 955.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 9,055 shares of the software maker’s stock worth $57,000 after buying an additional 8,197 shares during the period. 56.99% of the stock is owned by 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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