Tremor Video, Inc. (NYSE:TRMR) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

A number of other brokerages also recently commented on TRMR. Canaccord Genuity reissued a “buy” rating and issued a $3.00 price objective on shares of Tremor Video in a research note on Friday, May 5th. Jefferies Group LLC reissued a “buy” rating and issued a $3.25 price objective (up previously from $2.75) on shares of Tremor Video in a research note on Sunday, May 14th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $3.13.

Tremor Video (NYSE TRMR) traded up 5.83% during mid-day trading on Monday, hitting $2.36. The company had a trading volume of 307,751 shares. The firm’s market capitalization is $118.29 million. Tremor Video has a 1-year low of $1.45 and a 1-year high of $2.76. The company has a 50 day moving average of $2.29 and a 200 day moving average of $2.25.

Tremor Video (NYSE:TRMR) last issued its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.04. The company had revenue of $48.90 million during the quarter, compared to the consensus estimate of $43.46 million. Tremor Video had a negative net margin of 7.11% and a negative return on equity of 16.26%. Tremor Video’s revenue for the quarter was up 31.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. Analysts predict that Tremor Video will post ($0.16) earnings per share for the current fiscal year.

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A number of institutional investors have recently modified their holdings of TRMR. Renaissance Technologies LLC increased its position in shares of Tremor Video by 18.4% in the fourth quarter. Renaissance Technologies LLC now owns 1,173,100 shares of the software maker’s stock worth $2,921,000 after buying an additional 182,104 shares during the period. S Squared Technology LLC increased its position in shares of Tremor Video by 10.7% in the first quarter. S Squared Technology LLC now owns 724,735 shares of the software maker’s stock worth $1,449,000 after buying an additional 69,903 shares during the period. Spark Investment Management LLC increased its position in shares of Tremor Video by 27.4% in the second quarter. Spark Investment Management LLC now owns 252,900 shares of the software maker’s stock worth $629,000 after buying an additional 54,400 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Tremor Video by 317.8% in the first quarter. Goldman Sachs Group Inc. now owns 114,789 shares of the software maker’s stock worth $230,000 after buying an additional 87,314 shares during the period. Finally, Evanson Asset Management LLC increased its position in shares of Tremor Video by 30.8% in the second quarter. Evanson Asset Management LLC now owns 110,376 shares of the software maker’s stock worth $275,000 after buying an additional 26,013 shares during the period. 36.52% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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