Telaria (NYSE:TLRA) Trading Up 6.5%

Telaria Inc (NYSE:TLRA) was up 6.5% during trading on Wednesday . The stock traded as high as $7.70 and last traded at $7.49. Approximately 1,078,887 shares traded hands during trading, an increase of 46% from the average daily volume of 740,358 shares. The stock had previously closed at $7.03.

A number of equities research analysts have commented on the company. ValuEngine raised Telaria from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 28th. Zacks Investment Research raised Telaria from a “hold” rating to a “buy” rating and set a $6.50 price objective for the company in a research note on Friday, March 1st. TheStreet raised Telaria from a “d+” rating to a “c” rating in a research note on Tuesday, February 26th. B. Riley reissued a “buy” rating and issued a $6.25 price objective (up previously from $4.00) on shares of Telaria in a research note on Wednesday, February 27th. Finally, Canaccord Genuity raised their price objective on Telaria from $6.00 to $9.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Six investment analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of $8.00.

The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $7.85. The stock has a market capitalization of $332.13 million, a PE ratio of -41.61 and a beta of 1.89.

Telaria (NYSE:TLRA) last posted its 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. Telaria had a negative return on equity of 11.45% and a negative net margin of 12.84%. The company had revenue of $13.60 million for the quarter, compared to analyst estimates of $11.82 million. During the same quarter last year, the company earned ($0.12) earnings per share. The company’s revenue for the quarter was up 41.7% on a year-over-year basis. Sell-side analysts forecast that Telaria Inc will post -0.01 earnings per share for the current year.

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

A number of institutional investors have recently modified their holdings of TLRA. Cannell Capital LLC bought a new stake in Telaria during the fourth quarter worth $6,516,000. Vanguard Group Inc. bought a new stake in Telaria during the third quarter worth $6,322,000. MYDA Advisors LLC bought a new stake in Telaria during the first quarter worth $1,905,000. EAM Global Investors LLC bought a new stake in Telaria during the first quarter worth $1,688,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Telaria by 208.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 120,933 shares of the software maker’s stock worth $767,000 after acquiring an additional 81,686 shares during the period. Institutional investors and hedge funds own 56.99% of the company’s stock.

About Telaria (NYSE:TLRA)

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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