Tremor Video Inc. (TRMR) Lifted to “Hold” at Zacks Investment Research
According to Zacks, “Tremor Video, Inc. offers technology-driven video advertising solutions for advertisers and agencies, and publisher partners primarily in the United States and internationally. Its technology and solutions comprise VideoHub that analyzes in-stream video content, detects viewer, system attributes and leverages its repository of stored data to optimize video ad campaigns for brand-centric metrics, as well as enables advertisers and agencies to understand why, when and where viewers engage with their video ads through analytics and measurement tools. Tremor Video, Inc. is headquartered in New York. “
TRMR has been the subject of several other research reports. Canaccord Genuity restated a buy rating and issued a $3.00 price target on shares of Tremor Video in a report on Friday, September 23rd. Jefferies Group restated a buy rating and issued a $3.00 price target on shares of Tremor Video in a report on Tuesday, September 6th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $3.33.
Shares of Tremor Video (NYSE:TRMR) opened at 1.68 on Tuesday. The stock’s market capitalization is $88.09 million. The company’s 50 day moving average is $1.63 and its 200-day moving average is $1.79. Tremor Video has a 1-year low of $1.29 and a 1-year high of $2.20.
Tremor Video (NYSE:TRMR) last posted its quarterly earnings results on Thursday, August 4th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.05) by $0.06. The business earned $37.10 million during the quarter, compared to analysts’ expectations of $41.11 million. Tremor Video had a negative net margin of 27.78% and a negative return on equity of 22.99%. The firm’s quarterly revenue was down 12.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.10) EPS. Equities analysts anticipate that Tremor Video will post ($0.23) earnings per share for the current fiscal year.
In other news, Director Vii Lp Canaan sold 127,112 shares of Tremor Video stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $1.82, for a total value of $231,343.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. 6.20% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Royce & Associates LP raised its position in Tremor Video by 0.4% in the second quarter. Royce & Associates LP now owns 1,715,173 shares of the company’s stock valued at $3,156,000 after buying an additional 6,500 shares in the last quarter. Renaissance Technologies LLC raised its position in Tremor Video by 6.3% in the first quarter. Renaissance Technologies LLC now owns 820,600 shares of the company’s stock valued at $1,444,000 after buying an additional 48,411 shares during the period. Vanguard Group Inc. raised its position in Tremor Video by 0.3% in the second quarter. Vanguard Group Inc. now owns 774,683 shares of the company’s stock valued at $1,425,000 after buying an additional 2,200 shares during the period. S Squared Technology LLC bought a new position in Tremor Video during the second quarter valued at approximately $290,000. Finally, Spark Investment Management LLC raised its position in Tremor Video by 21.8% in the second quarter. Spark Investment Management LLC now owns 117,900 shares of the company’s stock valued at $216,000 after buying an additional 21,100 shares during the period. 36.72% of the stock is currently owned by institutional investors and hedge funds.
Tremor Video Company Profile
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.
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