Spark Investment Management LLC Boosts Position in Tremor Video, Inc. (TRMR)
Spark Investment Management LLC boosted its stake in shares of Tremor Video, Inc. (NYSE:TRMR) by 27.4% during the second quarter, Holdings Channel reports. The firm owned 252,900 shares of the software maker’s stock after buying an additional 54,400 shares during the period. Spark Investment Management LLC’s holdings in Tremor Video were worth $629,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Evanson Asset Management LLC increased its position in Tremor Video by 30.8% in the second quarter. Evanson Asset Management LLC now owns 110,376 shares of the software maker’s stock valued at $275,000 after buying an additional 26,013 shares during the period. S Squared Technology LLC increased its position in Tremor Video by 10.7% in the first quarter. S Squared Technology LLC now owns 724,735 shares of the software maker’s stock valued at $1,449,000 after buying an additional 69,903 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Tremor Video by 317.8% in the first quarter. Goldman Sachs Group Inc. now owns 114,789 shares of the software maker’s stock valued at $230,000 after buying an additional 87,314 shares during the period. Institutional investors and hedge funds own 36.52% of the company’s stock.
Tremor Video, Inc. (TRMR) opened at 2.43 on Friday. Tremor Video, Inc. has a 52-week low of $1.45 and a 52-week high of $2.76. The stock has a 50 day moving average price of $2.28 and a 200 day moving average price of $2.25. The stock’s market cap is $122.00 million.
Tremor Video (NYSE:TRMR) last released its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.04. The business had revenue of $48.90 million for the quarter, compared to analysts’ expectations of $43.46 million. Tremor Video had a negative return on equity of 16.72% and a negative net margin of 7.11%. The company’s revenue was up 31.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.11) EPS. On average, equities research analysts forecast that Tremor Video, Inc. will post ($0.23) EPS for the current year.
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Several equities analysts have recently weighed in on the company. ValuEngine upgraded Tremor Video from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Canaccord Genuity restated a “buy” rating and issued a $3.00 target price on shares of Tremor Video in a research report on Monday, May 15th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $3.25 target price (up previously from $2.75) on shares of Tremor Video in a research report on Sunday, May 14th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $3.13.
About Tremor Video
Tremor Video, Inc is an advertising technology company. The Company provides software for video advertising effectiveness. The Company operates through online video advertising services segment. Its technology optimizes performance of video advertisement campaigns across all screens, including computers, smartphones, tablets and connected televisions.
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