Telaria (NYSE:TLRA) issued its quarterly earnings results on Tuesday. The software maker reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.01), Briefing.com reports. The company had revenue of $18.20 million during the quarter, compared to the consensus estimate of $15.98 million. Telaria had a negative return on equity of 11.45% and a negative net margin of 12.84%. Telaria’s quarterly revenue was up 46.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.06) EPS. Telaria updated its FY 2019 guidance to EPS.
Shares of TLRA stock traded down $0.37 on Tuesday, hitting $8.21. 2,873,200 shares of the company’s stock traded hands, compared to its average volume of 750,418. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.50. Telaria has a one year low of $2.19 and a one year high of $9.55. The firm’s fifty day moving average is $7.79. The stock has a market cap of $408.25 million, a PE ratio of -45.61 and a beta of 1.69.
Several equities analysts recently commented on the stock. Canaccord Genuity increased their target price on shares of Telaria from $6.00 to $9.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Lake Street Capital reaffirmed a “buy” rating and set a $11.00 target price (up previously from $7.00) on shares of Telaria in a report on Friday, May 10th. Finally, 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 report on Friday, July 26th. Six analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of $7.95.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Meeder Asset Management Inc. boosted its position in Telaria by 1,814.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 4,442 shares of the software maker’s stock valued at $34,000 after buying an additional 4,210 shares during the period. Hilton Capital Management LLC purchased a new stake in shares of Telaria in the 1st quarter worth about $50,000. BNP Paribas Arbitrage SA lifted its position in shares of Telaria by 955.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 9,055 shares of the software maker’s stock worth $57,000 after purchasing an additional 8,197 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of Telaria in the 4th quarter worth about $27,000. Finally, Metropolitan Life Insurance Co NY purchased a new stake in shares of Telaria in the 1st quarter worth about $93,000. 56.83% of the stock is owned by institutional investors and hedge funds.
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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