Tremor International Ltd (NASDAQ:TRMR) Given Consensus Rating of “Moderate Buy” by Brokerages

Tremor International Ltd (NASDAQ:TRMR – Get Rating) has received an average recommendation of “Moderate Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $11.80.

A number of analysts have recently weighed in on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $20.00 target price on shares of Tremor International in a research report on Thursday, March 16th. Stifel Nicolaus downgraded shares of Tremor International from a “buy” rating to a “hold” rating and reduced their target price for the stock from $11.00 to $6.00 in a research report on Monday, April 24th. Royal Bank of Canada reduced their target price on shares of Tremor International from $15.00 to $13.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 8th. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 target price on shares of Tremor International in a research report on Wednesday, March 8th. Finally, Lake Street Capital reduced their target price on shares of Tremor International from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Wednesday, March 8th.

Tremor International Stock Down 2.8 %

Shares of Tremor International stock opened at $5.99 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.21. The company’s fifty day simple moving average is $5.53 and its two-hundred day simple moving average is $6.68. The company has a market cap of $427.81 million, a P/E ratio of 42.79 and a beta of 1.73. Tremor International has a 12-month low of $5.06 and a 12-month high of $12.85.

Tremor International (NASDAQ:TRMR – Get Rating) last issued its quarterly earnings data on Tuesday, March 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.06). The company had revenue of $107.70 million for the quarter, compared to analysts’ expectations of $113.20 million. Tremor International had a net margin of 6.78% and a return on equity of 7.83%. Research analysts anticipate that Tremor International will post 0.84 EPS for the current year.

Hedge Funds Weigh In On Tremor International

A number of hedge funds have recently bought and sold shares of TRMR. Renaissance Group LLC bought a new position in Tremor International during the 1st quarter valued at about $4,409,000. Rock Point Advisors LLC purchased a new stake in shares of Tremor International during the 4th quarter valued at about $1,750,000. Renaissance Technologies LLC increased its position in shares of Tremor International by 651.3% during the 2nd quarter. Renaissance Technologies LLC now owns 265,200 shares of the company’s stock valued at $2,302,000 after purchasing an additional 229,900 shares during the last quarter. Natixis purchased a new stake in Tremor International in the 4th quarter worth approximately $1,156,000. Finally, Millennium Management LLC increased its holdings in Tremor International by 289.9% in the 2nd quarter. Millennium Management LLC now owns 179,514 shares of the company’s stock worth $1,558,000 after acquiring an additional 133,468 shares in the last quarter. Institutional investors own 6.72% of the company’s stock.

Tremor International Company Profile

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Tremor International Ltd. provides end-to-end software platform that enables advertisers to reach relevant audiences and publishers. The company's demand side platform (DSP) offers full-service and self-managed marketplace access to advertisers and agencies in order to execute their digital marketing campaigns in real time across various ad formats.