Rachel Lam Buys 5,000 Shares of Tremor Video, Inc. (NYSE:TRMR) Stock
Tremor Video, Inc. (NYSE:TRMR) Director Rachel Lam purchased 5,000 shares of the stock in a transaction dated Wednesday, August 9th. The stock was bought at an average cost of $2.33 per share, with a total value of $11,650.00. Following the completion of the purchase, the director now owns 94,576 shares in the company, valued at $220,362.08. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Tremor Video, Inc. (TRMR) traded up 2.97% during mid-day trading on Friday, reaching $2.43. The company had a trading volume of 246,381 shares. The firm’s 50-day moving average is $2.28 and its 200-day moving average is $2.25. Tremor Video, Inc. has a one year low of $1.45 and a one year high of $2.76. The firm’s market capitalization is $122.00 million.
Tremor Video (NYSE:TRMR) last announced its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.04. Tremor Video had a negative return on equity of 16.26% and a negative net margin of 7.11%. The business had revenue of $48.90 million during the quarter, compared to the consensus estimate of $43.46 million. During the same quarter in the prior year, the company posted ($0.11) earnings per share. Tremor Video’s revenue was up 31.8% compared to the same quarter last year. On average, equities research analysts anticipate that Tremor Video, Inc. will post ($0.23) earnings per share for the current fiscal year.
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A number of large investors have recently made changes to their positions in the company. Evanson Asset Management LLC increased its stake in shares of Tremor Video by 30.8% in the second quarter. Evanson Asset Management LLC now owns 110,376 shares of the software maker’s stock valued at $275,000 after buying an additional 26,013 shares during the period. Spark Investment Management LLC bought a new stake in shares of Tremor Video during the first quarter valued at about $397,000. Renaissance Technologies LLC increased its stake in shares of Tremor Video by 18.4% in the fourth quarter. Renaissance Technologies LLC now owns 1,173,100 shares of the software maker’s stock valued at $2,921,000 after buying an additional 182,104 shares during the period. S Squared Technology LLC increased its stake in shares of Tremor Video by 10.7% in the first quarter. S Squared Technology LLC now owns 724,735 shares of the software maker’s stock valued at $1,449,000 after buying an additional 69,903 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Tremor Video by 317.8% in the first quarter. Goldman Sachs Group Inc. now owns 114,789 shares of the software maker’s stock valued at $230,000 after buying an additional 87,314 shares during the period. Institutional investors and hedge funds own 36.52% of the company’s stock.
TRMR has been the subject of a number of research reports. Canaccord Genuity reissued a “buy” rating and set a $3.00 target price on shares of Tremor Video in a research note on Friday, May 5th. Jefferies Group LLC reissued a “buy” rating and set a $3.25 target price (up from $2.75) on shares of Tremor Video in a research note on Sunday, May 14th. Finally, ValuEngine cut Tremor Video from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Tremor Video has an average rating of “Hold” and an average target price of $3.13.
About Tremor Video
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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