Telaria (TLRA) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Telaria (NYSE:TLRA) released its quarterly earnings data on Thursday. The software maker reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02, reports. The firm had revenue of $13.48 million during the quarter, compared to the consensus estimate of $13.16 million. Telaria had a negative return on equity of 15.53% and a net margin of 4.35%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.06) earnings per share. Telaria updated its Q4 2018 guidance to EPS and its FY 2018 guidance to EPS.

Shares of Telaria stock opened at $3.29 on Friday. The stock has a market capitalization of $159.72 million, a price-to-earnings ratio of -8.44 and a beta of 1.73. Telaria has a one year low of $2.19 and a one year high of $5.30.

A number of brokerages have commented on TLRA. TheStreet downgraded shares of Telaria from a “c-” rating to a “d+” rating in a report on Thursday, October 25th. B. Riley began coverage on shares of Telaria in a report on Thursday, October 18th. They issued a “buy” rating and a $4.00 target price for the company. Finally, Canaccord Genuity reduced their target price on shares of Telaria from $8.00 to $6.00 and set a “buy” rating for the company in a report on Friday, October 5th. Four investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus price target of $5.67.

In other Telaria news, major shareholder Vii Lp Canaan sold 252,020 shares of the business’s stock in a transaction dated Wednesday, October 24th. The shares were sold at an average price of $2.72, for a total value of $685,494.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 892,922 shares of company stock valued at $3,011,832 over the last quarter. 3.40% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Telaria during the third quarter worth about $8,574,000. Millennium Management LLC purchased a new stake in shares of Telaria during the first quarter worth about $2,026,000. Dimensional Fund Advisors LP purchased a new stake in shares of Telaria during the first quarter worth about $2,014,000. Acadian Asset Management LLC grew its stake in shares of Telaria by 4.4% during the third quarter. Acadian Asset Management LLC now owns 439,639 shares of the software maker’s stock worth $1,666,000 after acquiring an additional 18,359 shares during the last quarter. Finally, Sapphire Ventures L.L.C. purchased a new stake in shares of Telaria during the third quarter worth about $1,516,000. Institutional investors and hedge funds own 42.16% of the company’s stock.

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Telaria Company Profile

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.

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Earnings History for Telaria (NYSE:TLRA)

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