Tremor Video, Inc. (NYSE:TRMR) issued its quarterly earnings results on Thursday. The software maker reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.04, Briefing.com reports. The business had revenue of $48.90 million during the quarter, compared to analysts’ expectations of $43.46 million. Tremor Video had a negative return on equity of 20.27% and a negative net margin of 9.64%. The firm’s revenue for the quarter was up 31.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.11) earnings per share.
Tremor Video (NYSE TRMR) traded up 0.45% during midday trading on Friday, reaching $2.23. The company’s stock had a trading volume of 80,009 shares. The company’s market cap is $111.77 million. The stock has a 50-day moving average price of $2.29 and a 200 day moving average price of $2.25. Tremor Video has a 12 month low of $1.45 and a 12 month high of $2.76.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Spark Investment Management LLC increased its position 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 valued at $629,000 after buying an additional 54,400 shares during the last quarter. Evanson Asset Management LLC increased its position 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 valued at $275,000 after buying an additional 26,013 shares during the last quarter. Goldman Sachs Group Inc. increased its position 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 valued at $230,000 after buying an additional 87,314 shares during the last quarter. S Squared Technology LLC increased its position 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 valued at $1,449,000 after buying an additional 69,903 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Tremor Video by 18.4% in the fourth quarter. Renaissance Technologies LLC now owns 1,173,100 shares of the software maker’s stock valued at $2,921,000 after buying an additional 182,104 shares during the last quarter. 36.41% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently issued reports on the company. Jefferies Group LLC reiterated a “buy” rating and issued a $3.25 price target (up from $2.75) on shares of Tremor Video in a research note on Sunday, May 14th. ValuEngine cut Tremor Video from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $3.00 price target on shares of Tremor Video in a research note on Monday, May 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $3.13.
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Tremor Video Company Profile
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.
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