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 topic of a number of other reports. Canaccord Genuity reissued a buy rating and set a $3.00 price target on shares of Tremor Video in a report on Friday, September 23rd. Jefferies Group reissued a buy rating and set a $3.00 price target on shares of Tremor Video in a report on Tuesday, September 6th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of Buy and a consensus target price of $3.33.
Tremor Video (NYSE:TRMR) opened at 1.76 on Tuesday. The firm has a 50-day moving average of $1.62 and a 200-day moving average of $1.80. Tremor Video has a 12-month low of $1.29 and a 12-month high of $2.20. The stock’s market capitalization is $92.29 million.
Tremor Video (NYSE:TRMR) last issued its quarterly earnings results on Thursday, August 4th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.06. The business had revenue of $37.10 million for the quarter, compared to analyst estimates of $41.11 million. Tremor Video had a negative net margin of 27.78% and a negative return on equity of 22.99%. Tremor Video’s revenue for the quarter was down 12.5% on a year-over-year basis. During the same period last year, the business posted ($0.10) earnings per share. Equities research analysts forecast that Tremor Video will post ($0.23) earnings per share for the current fiscal year.
In related 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 transaction of $231,343.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 6.20% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 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 worth $3,156,000 after buying an additional 6,500 shares during the last quarter. Thompson Davis & CO. Inc. raised its position 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 worth $164,000 after buying an additional 85,398 shares during the period. 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 worth $1,444,000 after buying an additional 48,411 shares during the period. S Squared Technology LLC bought a new position in Tremor Video during the second quarter worth $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 worth $216,000 after buying an additional 21,100 shares during the period. 36.72% of the stock is currently owned by hedge funds and other institutional investors.
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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