Tremor Video, Inc. (TRMR) Position Boosted by S Squared Technology LLC
S Squared Technology LLC increased its position in Tremor Video, Inc. (NYSE:TRMR) by 15.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 835,430 shares of the software maker’s stock after purchasing an additional 110,695 shares during the period. Tremor Video comprises about 1.8% of S Squared Technology LLC’s investment portfolio, making the stock its 23rd biggest holding. S Squared Technology LLC owned 1.67% of Tremor Video worth $2,080,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Evanson Asset Management LLC boosted its stake in Tremor Video by 30.8% in the 2nd quarter. Evanson Asset Management LLC now owns 110,376 shares of the software maker’s stock worth $275,000 after purchasing an additional 26,013 shares during the period. Goldman Sachs Group Inc. boosted its stake in Tremor Video by 317.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 114,789 shares of the software maker’s stock worth $230,000 after purchasing an additional 87,314 shares during the period. Finally, Spark Investment Management LLC acquired a new position in Tremor Video in the 1st quarter worth approximately $397,000. 39.71% of the stock is owned by hedge funds and other institutional investors.
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A number of research firms recently commented on TRMR. Canaccord Genuity raised their price objective on shares of Tremor Video from $3.00 to $4.00 and gave the stock a “buy” rating in a research note on Monday, August 21st. ValuEngine raised shares of Tremor Video from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $3.25 price objective (up previously from $2.75) on shares of Tremor Video in a research note on Sunday, May 14th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $3.63.
In related news, CEO Mark Zagorski purchased 41,865 shares of Tremor Video stock in a transaction dated Friday, August 11th. The stock was bought at an average price of $2.42 per share, for a total transaction of $101,313.30. Following the completion of the acquisition, the chief executive officer now directly owns 41,865 shares of the company’s stock, valued at $101,313.30. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 8.20% of the stock is owned by corporate insiders.
Tremor Video, Inc. (NYSE TRMR) traded down 0.388% during midday trading on Monday, reaching $3.855. 62,158 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $2.77 and its 200 day moving average is $2.37. Tremor Video, Inc. has a 1-year low of $1.45 and a 1-year high of $3.94. The stock’s market cap is $194.61 million.
Tremor Video (NYSE:TRMR) last released its quarterly earnings results on Thursday, August 3rd. The software maker reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.04. The company had revenue of $48.90 million during the quarter, compared to analysts’ expectations of $43.46 million. Tremor Video had a negative net margin of 7.11% and a negative return on equity of 16.72%. The business’s quarterly revenue was up 31.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.11) earnings per share. Equities analysts anticipate that Tremor Video, Inc. will post ($0.02) earnings per share for the current fiscal year.
Tremor Video 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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