Canaan Partners VII LLC decreased its stake in Tremor Video Inc. (NYSE:TRMR) by 5.0% during the third quarter, Holdings Channel reports. The fund owned 7,410,400 shares of the company’s stock after selling 389,597 shares during the period. Tremor Video comprises 12.8% of Canaan Partners VII LLC’s portfolio, making the stock its 2nd largest position. Canaan Partners VII LLC owned 0.14% of Tremor Video worth $12,672,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Royce & Associates LP increased its stake 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 in the last quarter. 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 worth $164,000 after buying an additional 85,398 shares in the last quarter. Renaissance Technologies LLC increased its stake 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 in the last quarter. S Squared Technology LLC bought a new stake in Tremor Video during the second quarter worth approximately $290,000. 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 worth $216,000 after buying an additional 21,100 shares in the last quarter. 36.72% of the stock is currently owned by institutional investors.
Shares of Tremor Video Inc. (NYSE:TRMR) traded up 1.73% during trading on Friday, reaching $1.76. 30,604 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $1.63 and its 200 day moving average price is $1.80. Tremor Video Inc. has a 52 week low of $1.29 and a 52 week high of $2.20. The firm’s market capitalization is $92.29 million.
Tremor Video (NYSE:TRMR) last issued its earnings results on Thursday, August 4th. The company reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate 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 return on equity of 22.99% and a negative net margin of 27.78%. The firm’s revenue for the quarter was down 12.5% on a year-over-year basis. During the same period last year, the company posted ($0.10) earnings per share. Analysts predict that Tremor Video Inc. will post ($0.23) EPS for the current fiscal year.
TRMR has been the topic of a number of research analyst reports. Canaccord Genuity reissued 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 set a $3.00 price objective on shares of Tremor Video in a report on Tuesday, September 6th. Finally, Zacks Investment Research downgraded shares of Tremor Video from a “hold” rating to a “sell” rating in a report on Thursday, August 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $3.33.
In other Tremor Video news, Director Vii Lp Canaan sold 106,926 shares of the stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $1.67, for a total transaction of $178,566.42. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 6.20% of the company’s stock.
Tremor Video Company 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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