Tremor Video Inc. (TRMR) Upgraded at Zacks Investment Research
Tremor Video Inc. (NYSE:TRMR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “Tremor Video, Inc. offers technology-driven video advertising solutions for advertisers and agencies, and publisher partners primarily in the United States and internationally. Its technology and solutions comprise VideoHub that analyzes in-stream video content, detects viewer, system attributes and leverages its repository of stored data to optimize video ad campaigns for brand-centric metrics, as well as enables advertisers and agencies to understand why, when and where viewers engage with their video ads through analytics and measurement tools. Tremor Video, Inc. is headquartered in New York. “
A number of other analysts have also commented on the stock. Canaccord Genuity reaffirmed a “buy” rating and set a $3.00 target price on shares of Tremor Video in a report on Friday, September 23rd. Jefferies Group reaffirmed a “buy” rating and set a $3.00 target price on shares of Tremor Video in a report on Tuesday, September 6th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $3.33.
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Shares of Tremor Video (NYSE:TRMR) traded down 0.57% during trading on Tuesday, reaching $1.75. The company had a trading volume of 38,160 shares. The stock’s 50-day moving average price is $1.62 and its 200-day moving average price is $1.80. Tremor Video has a 12 month low of $1.29 and a 12 month high of $2.20. The stock’s market capitalization is $91.76 million.
Tremor Video (NYSE:TRMR) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.05) by $0.06. Tremor Video had a negative return on equity of 22.99% and a negative net margin of 27.78%. The company earned $37.10 million during the quarter, compared to the consensus estimate of $41.11 million. During the same quarter last year, the firm earned ($0.10) EPS. The business’s revenue for the quarter was down 12.5% on a year-over-year basis. Equities analysts forecast that Tremor Video will post ($0.23) earnings per share for the current fiscal year.
In other news, Director Vii Lp Canaan sold 106,926 shares of the business’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $1.67, for a total value of $178,566.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.20% of the stock is currently owned by insiders.
Several institutional investors have recently made changes to their positions in TRMR. Evanson Asset Management LLC raised its position in shares of Tremor Video by 17.7% in the second quarter. Evanson Asset Management LLC now owns 56,482 shares of the company’s stock valued at $104,000 after buying an additional 8,485 shares during the period. Boothbay Fund Management LLC raised its position in shares of Tremor Video by 8.9% in the first quarter. Boothbay Fund Management LLC now owns 84,181 shares of the company’s stock valued at $148,000 after buying an additional 6,869 shares during the period. Thompson Davis & CO. Inc. raised its position in shares of Tremor Video by 2,135.0% in the second quarter. Thompson Davis & CO. Inc. now owns 89,398 shares of the company’s stock valued at $164,000 after buying an additional 85,398 shares during the period. BlackRock Fund Advisors raised its position in shares of Tremor Video by 17.1% in the second quarter. BlackRock Fund Advisors now owns 108,686 shares of the company’s stock valued at $200,000 after buying an additional 15,910 shares during the period. Finally, Spark Investment Management LLC raised its position in shares of Tremor Video by 21.8% in the second quarter. Spark Investment Management LLC now owns 117,900 shares of the company’s stock valued at $216,000 after buying an additional 21,100 shares during the period. 36.72% of the stock is owned by institutional investors.
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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