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

Telaria Inc (NYSE:TLRA) has received an average recommendation of “Buy” from the seven ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $6.81.

Several brokerages have recently commented on TLRA. Canaccord Genuity increased their price target on shares of Telaria from $6.00 to $9.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. ValuEngine cut shares of Telaria from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 6th. Zacks Investment Research cut shares of Telaria from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. TheStreet raised shares of Telaria from a “d+” rating to a “c” rating in a research report on Tuesday, February 26th. Finally, B. Riley reaffirmed a “buy” rating and set a $6.25 price target (up previously from $4.00) on shares of Telaria in a research report on Wednesday, February 27th.

In related news, CFO John S. Rego sold 10,000 shares of the stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $5.64, for a total transaction of $56,400.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.40% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc acquired a new stake in Telaria during the third quarter worth about $25,000. Squarepoint Ops LLC acquired a new stake in shares of Telaria in the fourth quarter valued at approximately $27,000. Evanson Asset Management LLC increased its stake in shares of Telaria by 54.9% in the fourth quarter. Evanson Asset Management LLC now owns 21,301 shares of the software maker’s stock valued at $58,000 after purchasing an additional 7,550 shares during the period. Mackenzie Financial Corp acquired a new stake in shares of Telaria in the third quarter valued at approximately $100,000. Finally, American International Group Inc. acquired a new stake in shares of Telaria in the third quarter valued at approximately $110,000. Hedge funds and other institutional investors own 40.67% of the company’s stock.

Shares of TLRA stock traded down $0.19 during trading hours on Wednesday, hitting $6.60. 347,500 shares of the company were exchanged, compared to its average volume of 675,747. Telaria has a one year low of $2.19 and a one year high of $7.16. The stock has a market capitalization of $309.82 million, a price-to-earnings ratio of -36.67 and a beta of 2.01.

Telaria (NYSE:TLRA) last issued its quarterly earnings results on Tuesday, February 26th. The software maker reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.04. Telaria had a negative net margin of 16.98% and a negative return on equity of 12.99%. The business had revenue of $19.70 million for the quarter, compared to analysts’ expectations of $15.74 million. During the same quarter last year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was up 31.3% compared to the same quarter last year. On average, equities research analysts expect that Telaria will post -0.08 earnings per share for the current fiscal 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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