Tremor Video Rating Lowered to Neutral at Zacks (TRMR)
Tremor Video (NASDAQ:TRMR) was downgraded by Zacks to a “neutral” rating in a research note issued on Wednesday, Analyst Ratings.Net reports. They currently have a $5.00 target price on the stock. Zacks‘ price target indicates a potential upside of 8.93% from the stock’s previous close.
Tremor Video (NASDAQ:TRMR) traded up 0.87% on Wednesday, hitting $4.63. 117,687 shares of the company’s stock traded hands. Tremor Video has a one year low of $3.59 and a one year high of $11.09. The stock has a 50-day moving average of $4.69 and a 200-day moving average of $7.38. The company’s market cap is $229.9 million.
Tremor Video (NASDAQ:TRMR) last released its earnings data on Thursday, November 7th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.03. The company had revenue of $35.27 million for the quarter, compared to the consensus estimate of $36.26 million. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. Analysts expect that Tremor Video will post $-0.20 EPS for the current fiscal year.
TRMR has been the subject of a number of other recent research reports. Analysts at Credit Suisse cut their price target on shares of Tremor Video from $14.00 to $10.00 in a research note to investors on Monday, November 11th. They now have an “outperform” rating on the stock. Separately, analysts at Jefferies Group downgraded shares of Tremor Video from a “buy” rating to a “hold” rating in a research note to investors on Friday, November 8th. They now have a $8.00 price target on the stock, down previously from $13.00. Finally, analysts at Canaccord Genuity downgraded shares of Tremor Video from a “buy” rating to a “hold” rating in a research note to investors on Friday, November 8th. They now have a $9.00 price target on the stock, down previously from $12.50. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Tremor Video has an average rating of “Hold” and an average price target of $7.65.
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