Telaria (TLRA) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Telaria (NYSE:TLRA) issued its quarterly earnings results on Thursday. The software maker reported ($0.03) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.02, Briefing.com reports. Telaria had a net margin of 4.35% and a negative return on equity of 15.53%. The company had revenue of $13.48 million for the quarter, compared to the consensus estimate of $13.16 million. During the same quarter in the prior year, the company earned ($0.06) EPS. Telaria’s quarterly revenue was up 6.0% on a year-over-year basis. Telaria updated its Q4 2018 guidance to EPS and its FY 2018 guidance to EPS.

NYSE:TLRA traded up $0.30 during midday trading on Thursday, hitting $3.32. The company’s stock had a trading volume of 400,871 shares, compared to its average volume of 263,185. Telaria has a fifty-two week low of $2.19 and a fifty-two week high of $5.30. The company has a market cap of $165.54 million, a PE ratio of -8.51 and a beta of 1.73.

In related news, major shareholder Vii Lp Canaan sold 77,902 shares of the stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $3.65, for a total value of $284,342.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders sold 892,922 shares of company stock worth $3,011,832. 3.40% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. Northern Trust Corp purchased a new stake in Telaria in the 1st quarter worth approximately $243,000. BlackRock Inc. purchased a new stake in Telaria in the 1st quarter worth approximately $632,000. California Public Employees Retirement System purchased a new stake in Telaria in the 1st quarter worth approximately $226,000. Dimensional Fund Advisors LP purchased a new stake in Telaria in the 1st quarter worth approximately $2,014,000. Finally, A.R.T. Advisors LLC purchased a new stake in Telaria in the 1st quarter worth approximately $140,000. Institutional investors own 42.16% of the company’s stock.

Several brokerages recently weighed in on TLRA. B. Riley began coverage on shares of Telaria in a report on Thursday, October 18th. They issued a “buy” rating and a $4.00 price target on the stock. TheStreet downgraded shares of Telaria from a “c-” rating to a “d+” rating in a report on Thursday, October 25th. Finally, Canaccord Genuity cut their price target on shares of Telaria from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, October 5th. Four analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus price target of $5.67.

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Telaria Company Profile

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.

See Also: Earnings Per Share

Earnings History for Telaria (NYSE:TLRA)

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