Tremor Video Inc. (NYSE:TRMR) has been given an average broker rating score of 1.67 (Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and two have given a strong buy recommendation to the company.
Brokerages have set a 12-month consensus target price of $3.13 for the company and are predicting that the company will post ($0.06) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Tremor Video an industry rank of 93 out of 265 based on the ratings given to its competitors.
TRMR has been the subject of a number of research analyst reports. Canaccord Genuity reaffirmed a “buy” rating and set a $3.00 price objective on shares of Tremor Video in a report on Friday, September 23rd. Jefferies Group reissued a “buy” rating and issued a $3.00 target price on shares of Tremor Video in a report on Tuesday, September 6th. Finally, Zacks Investment Research lowered shares of Tremor Video from a “hold” rating to a “sell” rating in a report on Thursday, August 11th.
In other Tremor Video news, Director Vii Lp Canaan sold 127,112 shares of Tremor Video stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $1.82, for a total transaction of $231,343.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 6.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of TRMR. Evanson Asset Management LLC raised its position in Tremor Video by 17.7% in the second quarter. Evanson Asset Management LLC now owns 56,482 shares of the company’s stock valued at $104,000 after buying an additional 8,485 shares during the last quarter. Boothbay Fund Management LLC increased its stake in Tremor Video by 8.9% in the first quarter. Boothbay Fund Management LLC now owns 84,181 shares of the company’s stock valued at $148,000 after buying an additional 6,869 shares during the period. Thompson Davis & CO. Inc. increased its stake in Tremor Video by 2,135.0% in the second quarter. Thompson Davis & CO. Inc. now owns 89,398 shares of the company’s stock valued at $164,000 after buying an additional 85,398 shares during the period. BlackRock Fund Advisors increased its stake in Tremor Video by 17.1% in the second quarter. BlackRock Fund Advisors now owns 108,686 shares of the company’s stock valued at $200,000 after buying an additional 15,910 shares during the period. Finally, Spark Investment Management LLC increased its stake 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 owned by institutional investors.
Tremor Video (NYSE:TRMR) opened at 1.70 on Thursday. Tremor Video has a one year low of $1.29 and a one year high of $2.20. The firm has a 50-day moving average of $1.64 and a 200 day moving average of $1.80. The company’s market capitalization is $89.14 million.
Tremor Video (NYSE:TRMR) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.06. Tremor Video had a negative net margin of 27.78% and a negative return on equity of 22.99%. The company had revenue of $37.10 million for the quarter, compared to analysts’ expectations of $41.11 million. During the same period last year, the business earned ($0.10) earnings per share. The company’s quarterly revenue was down 12.5% compared to the same quarter last year. Equities research analysts predict that Tremor Video will post ($0.23) earnings per share for the current fiscal year.
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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