Tremor Video Inc. (NYSE:TRMR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
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. “
A number of other analysts have also issued reports on TRMR. Jefferies Group reiterated a “buy” rating on shares of Tremor Video in a research note on Monday, July 11th. Canaccord Genuity reiterated a “buy” rating and set a $3.00 price objective on shares of Tremor Video in a research note on Sunday, August 7th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $3.33.
Shares of Tremor Video (NYSE:TRMR) traded down 0.57% during mid-day trading on Tuesday, reaching $1.75. 38,060 shares of the company were exchanged. The firm’s market capitalization is $91.76 million. Tremor Video has a 12 month low of $1.29 and a 12 month high of $2.20. The company’s 50-day moving average is $1.62 and its 200 day moving average is $1.80.
Tremor Video (NYSE:TRMR) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.11) earnings per share 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%. The company’s quarterly revenue was down 12.5% on a year-over-year basis. During the same period last year, the firm earned ($0.10) earnings per share. Analysts predict that Tremor Video will post ($0.23) EPS for the current year.
In related 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 value of $231,343.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.20% of the company’s stock.
Hedge funds have recently modified their holdings of the company. S Squared Technology LLC bought a new stake in shares of Tremor Video during the second quarter worth about $290,000. Spark Investment Management LLC raised its stake in shares of 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. BlackRock Fund Advisors raised its stake in shares of Tremor Video by 17.1% in the second quarter. BlackRock Fund Advisors now owns 108,686 shares of the company’s stock worth $200,000 after buying an additional 15,910 shares during the period. Vanguard Group Inc. raised its stake in shares of Tremor Video by 0.3% in the second quarter. Vanguard Group Inc. now owns 774,683 shares of the company’s stock worth $1,425,000 after buying an additional 2,200 shares during the period. Finally, Thompson Davis & CO. Inc. raised its stake in shares of 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. Institutional investors and hedge funds own 36.72% 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Tremor Video Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tremor Video Inc. and related companies with MarketBeat.com's FREE daily email newsletter.