45,923 Shares in Telaria Inc (NYSE:TLRA) Bought by Whittier Trust Co.

Whittier Trust Co. acquired a new position in shares of Telaria Inc (NYSE:TLRA) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 45,923 shares of the software maker’s stock, valued at approximately $345,000. Whittier Trust Co. owned 0.10% of Telaria as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TLRA. Metropolitan Life Insurance Co NY bought a new position in shares of Telaria in the first quarter valued at approximately $93,000. MetLife Investment Advisors LLC purchased a new position in shares of Telaria during the first quarter worth approximately $129,000. Hilton Capital Management LLC purchased a new position in shares of Telaria during the first quarter worth approximately $50,000. MYDA Advisors LLC purchased a new position in shares of Telaria during the first quarter worth approximately $1,905,000. Finally, EAM Global Investors LLC purchased a new position in shares of Telaria during the first quarter worth approximately $1,688,000. Institutional investors and hedge funds own 56.83% of the company’s stock.

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

TLRA has been the topic of several analyst reports. Canaccord Genuity lifted their target price on shares of Telaria from $6.00 to $9.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Zacks Investment Research raised shares of Telaria from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a research note on Friday, July 26th. Finally, Lake Street Capital reaffirmed a “buy” rating and issued a $11.00 target price (up from $7.00) on shares of Telaria in a research note on Friday, May 10th. Six analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average target price of $7.95.

Telaria stock traded down $0.21 during mid-day trading on Monday, reaching $8.70. 37,817 shares of the company traded hands, compared to its average volume of 631,174. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.43 and a quick ratio of 1.43. The stock’s 50 day moving average price is $7.76. The stock has a market capitalization of $408.25 million, a price-to-earnings ratio of -48.58 and a beta of 1.69. Telaria Inc has a 52-week low of $2.19 and a 52-week high of $9.30.

Telaria (NYSE:TLRA) last issued its quarterly earnings data on Thursday, May 9th. The software maker reported ($0.10) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.01. The business had revenue of $13.60 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 41.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.12) EPS. As a group, analysts anticipate that Telaria Inc will post -0.01 EPS for the current fiscal year.

Telaria 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.

Featured Article: What does cost of debt say about a company’s financial health?

Want to see what other hedge funds are holding TLRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Telaria Inc (NYSE:TLRA).

Institutional Ownership by Quarter for Telaria (NYSE:TLRA)

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.