MetLife Investment Advisors LLC purchased a new stake in shares of Telaria Inc (NYSE:TLRA) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,315 shares of the software maker’s stock, valued at approximately $129,000.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Squarepoint Ops LLC acquired a new position in shares of Telaria in the fourth quarter valued at approximately $27,000. Hilton Capital Management LLC acquired a new position in Telaria during the 1st quarter worth approximately $50,000. BNP Paribas Arbitrage SA grew its holdings in 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 acquiring an additional 8,197 shares in the last quarter. Mackenzie Financial Corp grew its holdings in 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 acquiring an additional 7,000 shares in the last quarter. Finally, Menta Capital LLC acquired a new position in Telaria during the 1st quarter worth approximately $108,000. Institutional investors own 56.99% of the company’s stock.
In other Telaria news, Director James Rossman sold 173,156 shares of the 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Katie Seitz Evans sold 7,879 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were 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. Company insiders own 6.03% of the company’s stock.
Telaria (NYSE:TLRA) last announced its quarterly earnings data on Thursday, May 9th. The software maker reported ($0.10) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.01. The business 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 was up 41.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.12) EPS. As a group, equities research analysts forecast that Telaria Inc will post -0.01 earnings per share for the current year.
Several brokerages have recently weighed in on TLRA. Lake Street Capital set a $50.00 price objective on shares of Shotspotter and gave the stock a “buy” rating in a research report on Friday, May 10th. Canaccord Genuity upgraded shares of Nuvista Energy to a “buy” rating in a research report on Tuesday, April 9th. Finally, Zacks Investment Research upgraded shares of Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Saturday, July 13th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $8.00.
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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