Telaria Inc (NYSE:TLRA) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 1,330,000 shares, a decrease of 17.9% from the January 15th total of 1,620,000 shares. Based on an average daily volume of 1,020,000 shares, the days-to-cover ratio is presently 1.3 days. Approximately 3.5% of the shares of the company are short sold.
A number of institutional investors have recently modified their holdings of TLRA. Royal Bank of Canada increased its stake in Telaria by 272.1% during the 2nd quarter. Royal Bank of Canada now owns 5,488 shares of the software maker’s stock valued at $41,000 after purchasing an additional 4,013 shares in the last quarter. Chicago Capital Management LLC acquired a new stake in shares of Telaria in the fourth quarter worth $43,000. Coastal Investment Advisors Inc. acquired a new stake in shares of Telaria in the fourth quarter worth $51,000. Envestnet Asset Management Inc. acquired a new stake in shares of Telaria in the third quarter worth $73,000. Finally, Requisite Capital Management LLC acquired a new stake in shares of Telaria in the third quarter worth $86,000. Institutional investors and hedge funds own 57.28% of the company’s stock.
A number of brokerages have issued reports on TLRA. Stephens began coverage on shares of Telaria in a research note on Tuesday, November 5th. They set an “overweight” rating and a $11.00 price target on the stock. Zacks Investment Research upgraded shares of Telaria from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Thursday, February 6th. Craig Hallum upped their price target on shares of Telaria from $11.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Finally, ValuEngine lowered shares of Telaria from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $10.54.
Telaria stock traded up $0.58 during mid-day trading on Friday, reaching $11.81. 2,000,900 shares of the company traded hands, compared to its average volume of 1,220,570. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.29 and a quick ratio of 1.29. Telaria has a fifty-two week low of $3.14 and a fifty-two week high of $11.86. The company has a market capitalization of $509.48 million, a price-to-earnings ratio of -73.81 and a beta of 1.51. The firm’s fifty day moving average is $10.50 and its two-hundred day moving average is $8.72.
Telaria Company Profile
Telaria, Inc provides a software platform for publishers to manage and monetize video advertising in the United States. The company offers publishers with real-time analytics, data, and decisioning tools to control their video advertising business, as well as a monetization solution to optimize yield across a publisher's supply of digital video inventory.
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