Telaria (TLRA) Reaches New 1-Year High at $6.06

Telaria Inc (NYSE:TLRA) hit a new 52-week high on Friday . The company traded as high as $6.06 and last traded at $5.94, with a volume of 102511 shares changing hands. The stock had previously closed at $5.39.

A number of equities research analysts have weighed in on the company. ValuEngine raised Telaria from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 28th. Zacks Investment Research upgraded Telaria from a “hold” rating to a “buy” rating and set a $6.50 price objective for the company in a research report on Friday, March 1st. TheStreet raised shares of Telaria from a “d+” rating to a “c” rating in a research note on Tuesday, February 26th. Lake Street Capital lifted their target price on shares of Telaria from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Wednesday, February 27th. Finally, Craig Hallum started coverage on shares of Telaria in a research note on Thursday, December 6th. They set a “buy” rating and a $5.00 price objective for the company. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $6.15.

The stock has a market capitalization of $287.52 million, a price-to-earnings ratio of -33.11 and a beta of 1.99.

Telaria (NYSE:TLRA) last announced its quarterly earnings results on Tuesday, February 26th. The software maker reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. Telaria had a negative net margin of 16.98% and a negative return on equity of 12.05%. The firm had revenue of $19.70 million during the quarter, compared to analysts’ expectations of $15.74 million. During the same period in the prior year, the company earned ($0.02) EPS. The firm’s revenue was up 31.3% on a year-over-year basis. Analysts anticipate that Telaria Inc will post -0.08 EPS for the current fiscal year.

In other Telaria news, major shareholder W Capital Partners Ii L.P. sold 5,051,886 shares of the business’s stock in a transaction on Wednesday, December 26th. The shares were sold at an average price of $2.53, for a total value of $12,781,271.58. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO John S. Rego sold 10,000 shares of the business’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $5.64, for a total transaction of $56,400.00. The disclosure for this sale can be found here. 3.40% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of TLRA. Legal & General Group Plc acquired a new position in Telaria in the 3rd quarter worth $25,000. Squarepoint Ops LLC acquired a new position in Telaria in the 4th quarter worth $27,000. Evanson Asset Management LLC lifted its holdings in Telaria by 54.9% in the 4th quarter. Evanson Asset Management LLC now owns 21,301 shares of the software maker’s stock worth $58,000 after buying an additional 7,550 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in Telaria by 26.6% in the 4th quarter. Mackenzie Financial Corp now owns 33,350 shares of the software maker’s stock worth $91,000 after buying an additional 7,000 shares in the last quarter. Finally, American International Group Inc. acquired a new position in Telaria in the 3rd quarter worth $110,000. Hedge funds and other institutional investors own 41.07% of the company’s stock.

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Telaria Company Profile (NYSE:TLRA)

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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