Telaria Inc (TLRA) Given Average Rating of “Strong Buy” by Brokerages
Telaria Inc (NYSE:TLRA) has received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Brokerages have set a twelve-month consensus price objective of $6.50 for the company, according to Zacks. Zacks has also given Telaria an industry rank of 77 out of 255 based on the ratings given to related companies.
Separately, Canaccord Genuity cut their price objective on Telaria from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, October 5th.
Institutional investors have recently bought and sold shares of the company. A.R.T. Advisors LLC purchased a new stake in shares of Telaria in the first quarter valued at approximately $140,000. Element Capital Management LLC purchased a new stake in shares of Telaria in the first quarter valued at approximately $143,000. California Public Employees Retirement System purchased a new stake in shares of Telaria in the first quarter valued at approximately $226,000. Northern Trust Corp purchased a new stake in shares of Telaria during the first quarter worth approximately $243,000. Finally, BlackRock Inc. purchased a new stake in shares of Telaria during the first quarter worth approximately $632,000. Institutional investors and hedge funds own 42.31% of the company’s stock.
Shares of NYSE:TLRA opened at $2.67 on Tuesday. Telaria has a 12-month low of $2.19 and a 12-month high of $5.30.
Telaria (NYSE:TLRA) last announced its quarterly earnings results on Wednesday, August 8th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.06). Telaria had a negative return on equity of 15.53% and a net margin of 4.35%. The company had revenue of $12.40 million during the quarter, compared to the consensus estimate of $12.43 million. The firm’s revenue was up 25.3% compared to the same quarter last year.
Telaria, Inc, a software company, operates a programmatic, self-service, seller platform to monetize and manage premium video content across various Internet-connected screens and devices in the United States. Its platform enables publishers to optimize and automate their video advertising sales; and manage their inventory across sales channels, devices, and platforms.
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