Tremor Video, Inc. (TRMR) Upgraded to “Hold” at ValuEngine

Tremor Video, Inc. (NYSE:TRMR) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Monday, August 7th.

TRMR has been the subject of several other reports. Jefferies Group LLC reissued a “buy” rating and set a $3.25 price objective (up from $2.75) on shares of Tremor Video in a report on Sunday, May 14th. Canaccord Genuity reissued a “buy” rating and set a $3.00 price objective on shares of Tremor Video in a report on Monday, May 15th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Tremor Video presently has an average rating of “Hold” and an average price target of $3.13.

Tremor Video (NYSE TRMR) traded up 3.94% during mid-day trading on Monday, reaching $2.90. The company had a trading volume of 849,327 shares. The company’s market capitalization is $146.40 million. The stock has a 50-day moving average of $2.33 and a 200 day moving average of $2.26. Tremor Video has a 12-month low of $1.45 and a 12-month high of $2.95.

Tremor Video (NYSE:TRMR) last announced its quarterly earnings data on Thursday, August 3rd. The software maker reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.04. Tremor Video had a negative return on equity of 16.72% and a negative net margin of 7.11%. The business had revenue of $48.90 million during the quarter, compared to analyst estimates of $43.46 million. During the same period in the prior year, the company earned ($0.11) earnings per share. Tremor Video’s revenue was up 31.8% compared to the same quarter last year. On average, analysts expect that Tremor Video will post ($0.23) EPS for the current year.

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In related news, CEO Mark Zagorski purchased 41,865 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was purchased at an average cost of $2.42 per share, with a total value of $101,313.30. Following the completion of the acquisition, the chief executive officer now directly owns 41,865 shares of the company’s stock, valued at $101,313.30. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.20% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of TRMR. Evanson Asset Management LLC increased its stake in shares of Tremor Video by 30.8% in the second quarter. Evanson Asset Management LLC now owns 110,376 shares of the software maker’s stock worth $275,000 after buying an additional 26,013 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Tremor Video by 18.3% in the second quarter. Dimensional Fund Advisors LP now owns 257,351 shares of the software maker’s stock worth $641,000 after buying an additional 39,742 shares during the period. Spark Investment Management LLC increased its stake in shares of Tremor Video by 27.4% in the second quarter. Spark Investment Management LLC now owns 252,900 shares of the software maker’s stock worth $629,000 after buying an additional 54,400 shares during the period. S Squared Technology LLC increased its stake in shares of Tremor Video by 10.7% in the first quarter. S Squared Technology LLC now owns 724,735 shares of the software maker’s stock worth $1,449,000 after buying an additional 69,903 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Tremor Video by 317.8% in the first quarter. Goldman Sachs Group Inc. now owns 114,789 shares of the software maker’s stock worth $230,000 after buying an additional 87,314 shares during the period. 36.50% of the stock is 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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