TheStreet Downgrades Telaria (TLRA) to D+
Other analysts have also recently issued reports about the company. Canaccord Genuity lowered their target price on Telaria from $8.00 to $6.00 and set a buy rating on the stock in a research report on Friday, October 5th. B. Riley began coverage on Telaria in a research report on Thursday, October 18th. They issued a buy rating and a $4.00 target price on the stock. Four investment analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and an average target price of $5.67.
Shares of NYSE TLRA opened at $2.80 on Thursday. Telaria has a 12-month low of $2.19 and a 12-month high of $5.30.
In related news, major shareholder Vii Lp Canaan sold 252,020 shares of the firm’s stock in a transaction that occurred on Wednesday, October 24th. The stock was sold at an average price of $2.72, for a total value of $685,494.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last 90 days, insiders sold 892,922 shares of company stock worth $3,011,832. 3.40% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of TLRA. Millennium Management LLC acquired a new stake in Telaria in the 1st quarter valued at approximately $2,026,000. Dimensional Fund Advisors LP acquired a new position in shares of Telaria during the 1st quarter valued at $2,014,000. Acadian Asset Management LLC acquired a new position in shares of Telaria during the 2nd quarter valued at $1,703,000. BlackRock Inc. acquired a new position in shares of Telaria during the 1st quarter valued at $632,000. Finally, Strs Ohio acquired a new position in shares of Telaria during the 3rd quarter valued at $503,000. Hedge funds and other institutional investors own 42.31% of the company’s stock.
Telaria Company Profile
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.
Further Reading: Float
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