MYDA Advisors LLC Makes New Investment in Telaria Inc (NYSE:TLRA)

MYDA Advisors LLC purchased a new stake in Telaria Inc (NYSE:TLRA) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 300,402 shares of the software maker’s stock, valued at approximately $1,905,000. Telaria comprises 1.0% of MYDA Advisors LLC’s portfolio, making the stock its 18th biggest position. MYDA Advisors LLC owned 0.66% of Telaria at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Legal & General Group Plc acquired a new position in Telaria during the 3rd quarter worth approximately $25,000. Mackenzie Financial Corp raised its stake 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 purchasing an additional 7,000 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake 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 purchasing an additional 8,197 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of Telaria during the 4th quarter worth approximately $27,000. Finally, Acadian Asset Management LLC raised its stake in shares of Telaria by 3.1% during the 4th quarter. Acadian Asset Management LLC now owns 453,079 shares of the software maker’s stock worth $1,237,000 after purchasing an additional 13,440 shares in the last quarter. 56.99% of the stock is owned by institutional investors.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Telaria from a “hold” rating to a “buy” rating and set a $6.50 price objective on the stock in a research note on Friday, March 1st. Canaccord Genuity increased their price target on Telaria from $6.00 to $9.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Lake Street Capital restated a “buy” rating and issued a $11.00 price target (up previously from $7.00) on shares of Telaria in a research note on Friday, May 10th. Finally, ValuEngine cut Telaria from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 6th. Six analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of $8.00.

In other news, Director James Rossman sold 173,156 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $8.12, for a total transaction of $1,406,026.72. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Katie Seitz Evans sold 7,879 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $8.10, for a total value of $63,819.90. The disclosure for this sale can be found here. 6.03% of the stock is owned by company insiders.

TLRA stock traded up $0.14 during trading hours on Friday, hitting $7.52. 1,976,868 shares of the stock were exchanged, compared to its average volume of 779,910. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market cap of $336.69 million, a price-to-earnings ratio of -41.78 and a beta of 1.89. The firm has a 50-day moving average price of $7.83. Telaria Inc has a 12 month low of $2.19 and a 12 month high of $9.19.

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

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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Institutional Ownership by Quarter for Telaria (NYSE:TLRA)

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