Telaria Inc (NYSE:TLRA) saw a significant drop in short interest during the month of June. As of June 30th, there was short interest totalling 1,589,600 shares, a drop of 11.9% from the May 30th total of 1,804,400 shares. Currently, 4.3% of the company’s shares are sold short. Based on an average trading volume of 765,100 shares, the days-to-cover ratio is presently 2.1 days.
In other Telaria news, COO Katie Seitz Evans sold 7,879 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $8.10, for a total transaction of $63,819.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Rossman sold 173,156 shares of Telaria stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $8.12, for a total value of $1,406,026.72. The disclosure for this sale can be found here. 6.03% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC purchased a new position in Telaria in the fourth quarter valued at $27,000. Hilton Capital Management LLC purchased a new stake in Telaria during the 1st quarter worth about $50,000. BNP Paribas Arbitrage SA lifted its holdings in Telaria by 955.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 9,055 shares of the software maker’s stock worth $57,000 after buying an additional 8,197 shares during the last quarter. Metropolitan Life Insurance Co NY purchased a new stake in Telaria during the 1st quarter worth about $93,000. Finally, Menta Capital LLC purchased a new stake in Telaria during the 1st quarter worth about $108,000. Hedge funds and other institutional investors own 56.99% of the company’s stock.
Shares of NYSE TLRA opened at $7.55 on Friday. Telaria has a twelve month low of $2.19 and a twelve month high of $9.19. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.50. The company has a fifty day moving average price of $7.62.
Telaria (NYSE:TLRA) last issued its quarterly earnings data on Thursday, May 9th. The software maker reported ($0.10) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.01. Telaria had a negative return on equity of 11.45% and a negative net margin of 12.84%. The business had revenue of $13.60 million during the quarter, compared to analysts’ expectations of $11.82 million. During the same period in the previous year, the firm posted ($0.12) earnings per share. The company’s revenue was up 41.7% on a year-over-year basis. As a group, research analysts anticipate that Telaria will post -0.01 EPS for the current year.
A number of equities research analysts have recently weighed in on TLRA shares. Canaccord Genuity raised Nuvista Energy to a “buy” rating in a research note on Tuesday, April 9th. Zacks Investment Research raised Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Saturday. Finally, Lake Street Capital set a $50.00 price objective on Shotspotter and gave the company a “buy” rating in a research note on Friday, May 10th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Telaria currently has a consensus rating of “Buy” and a consensus price target of $8.00.
Telaria, Inc provides a software platform for publishers to manage and monetize video advertising in the United States. The company offers publishers with real-time analytics, data, and decisioning tools to control their video advertising business, as well as a monetization solution to optimize yield across a publisher's supply of digital video inventory.
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