Traders Buy High Volume of Call Options on Telaria (TLRA)

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.

TLRA opened at $8.17 on Wednesday. The firm has a market cap of $390.52 million, a P/E ratio of -45.39 and a beta of 2.04. Telaria has a twelve month low of $2.19 and a twelve month high of $9.19. The company has a quick ratio of 1.37, a current ratio of 1.43 and a debt-to-equity ratio of 0.50.

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.

COPYRIGHT VIOLATION NOTICE: This story was published by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of US and international copyright and trademark law. The correct version of this story can be accessed at https://www.baseballdailydigest.com/news/2019/05/22/traders-buy-high-volume-of-call-options-on-telaria-tlra.html.

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.

Recommended Story: Trading based on a resistance level

Receive News & Ratings for Telaria Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telaria and related companies with MarketBeat.com's FREE daily email newsletter.