Telaria Inc (NYSE:TLRA) insider Paul Caine acquired 5,000 shares of Telaria stock in a transaction on Tuesday, October 16th. The shares were purchased at an average cost of $2.77 per share, with a total value of $13,850.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of NYSE TLRA traded up $0.21 during mid-day trading on Tuesday, reaching $2.88. The company had a trading volume of 936,200 shares, compared to its average volume of 257,448. Telaria Inc has a 12-month low of $2.19 and a 12-month high of $5.30.
Telaria (NYSE:TLRA) last posted its quarterly earnings results on Wednesday, August 8th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.06). The business had revenue of $12.40 million during the quarter, compared to analyst estimates of $12.43 million. Telaria had a net margin of 4.35% and a negative return on equity of 15.53%. Telaria’s revenue for the quarter was up 25.3% compared to the same quarter last year.
Separately, Canaccord Genuity reduced their price objective on shares of Telaria from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, October 5th.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP purchased a new stake in shares of Telaria in the first quarter worth approximately $2,014,000. Northern Trust Corp purchased a new stake in shares of Telaria in the first quarter worth approximately $243,000. California Public Employees Retirement System purchased a new stake in shares of Telaria in the first quarter worth approximately $226,000. Acadian Asset Management LLC purchased a new stake in shares of Telaria in the second quarter worth approximately $1,703,000. Finally, Millennium Management LLC purchased a new stake in shares of Telaria in the first quarter worth approximately $2,026,000. 42.31% of the stock is owned by institutional investors and hedge funds.
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: Price to Earnings Ratio (PE)
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