Telaria Inc (NYSE:TLRA) was the target of some unusual options trading activity on Tuesday. Stock investors bought 5,946 call options on the company. This is an increase of approximately 903% compared to the average volume of 593 call options.
In related news, Director James Rossman sold 173,156 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were 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 Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John S. Rego sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 28th. The shares were 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. Company insiders own 3.40% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Legal & General Group Plc acquired a new position in Telaria during the 3rd quarter worth $25,000. Squarepoint Ops LLC acquired a new position in Telaria during the 4th quarter worth $27,000. Hilton Capital Management LLC acquired a new position in Telaria during the 1st quarter worth $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. Finally, 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. 39.20% of the stock is owned by institutional investors.
Telaria (NYSE:TLRA) last released its quarterly earnings results on Thursday, May 9th. The software maker reported ($0.10) earnings per share 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 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 business’s revenue was up 41.7% on a year-over-year basis. During the same period last year, the business earned ($0.12) EPS. Equities analysts forecast that Telaria will post -0.01 earnings per share for the current year.
A number of research firms recently weighed in on TLRA. ValuEngine raised shares of Telaria from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 28th. Zacks Investment Research raised shares of Telaria from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a report on Friday, March 1st. Canaccord Genuity raised their price target on shares of Telaria from $6.00 to $9.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. TheStreet raised shares of Telaria from a “d+” rating to a “c” rating in a report on Tuesday, February 26th. Finally, Lake Street Capital raised their price target on shares of Telaria from $6.00 to $7.00 and gave the company a “buy” rating in a report on Wednesday, February 27th. Six investment analysts have rated the stock with a buy rating, Telaria has a consensus rating of “Buy” and a consensus target price of $8.00.
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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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