Royce & Associates LP bought a new position in shares of Telaria Inc (NYSE:TLRA) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,105,527 shares of the software maker’s stock, valued at approximately $7,980,000. Royce & Associates LP owned approximately 3.98% of Telaria as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strs Ohio bought a new stake in Telaria during the third quarter worth about $503,000. Acadian Asset Management LLC raised its holdings in Telaria by 4.4% during the third quarter. Acadian Asset Management LLC now owns 439,639 shares of the software maker’s stock worth $1,666,000 after acquiring an additional 18,359 shares in the last quarter. Wells Fargo & Company MN bought a new stake in Telaria during the third quarter worth about $158,000. Millennium TVP Management Co. LLC bought a new stake in Telaria during the third quarter worth about $1,395,000. Finally, Sapphire Ventures L.L.C. bought a new stake in Telaria during the third quarter worth about $1,516,000. Institutional investors and hedge funds own 43.28% of the company’s stock.
TLRA has been the topic of several analyst reports. Canaccord Genuity dropped their target price on Telaria from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, October 5th. B. Riley initiated coverage on Telaria in a report on Thursday, October 18th. They set a “buy” rating and a $4.00 target price on the stock. TheStreet lowered Telaria from a “c-” rating to a “d+” rating in a report on Thursday, October 25th. Finally, Craig Hallum initiated coverage on Telaria in a report on Thursday. They set a “buy” rating and a $5.00 target price on the stock. Five equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and a consensus target price of $5.50.
NYSE:TLRA opened at $2.77 on Friday. Telaria Inc has a 12-month low of $2.19 and a 12-month high of $5.30.
Telaria (NYSE:TLRA) last released its quarterly earnings data on Thursday, November 8th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. The firm had revenue of $13.48 million for the quarter, compared to analyst estimates of $13.16 million. Telaria had a negative return on equity of 13.71% and a negative net margin of 23.18%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.06) earnings per share. On average, analysts predict that Telaria Inc will post -0.23 EPS for the current year.
In other Telaria news, major shareholder Vii Lp Canaan sold 252,020 shares of the company’s stock in a transaction that occurred on Wednesday, October 24th. The stock was sold at an average price of $2.72, for a total value of $685,494.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Adam Lowy acquired 20,000 shares of the company’s stock in a transaction on Tuesday, November 20th. The stock was acquired at an average price of $2.98 per share, for a total transaction of $59,600.00. The disclosure for this purchase can be found here. Insiders acquired 29,000 shares of company stock worth $84,530 in the last 90 days. Corporate insiders own 3.40% of the company’s stock.
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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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