Telaria Inc (NYSE:TLRA) shares fell 5.6% on Monday . The stock traded as low as $7.67 and last traded at $7.85. 1,115,892 shares changed hands during trading, an increase of 59% from the average session volume of 700,002 shares. The stock had previously closed at $8.32.

Several brokerages recently weighed in on TLRA. Lake Street Capital reiterated a “buy” rating and set a $11.00 price target (up from $7.00) on shares of Telaria in a research report on Friday, May 10th. Canaccord Genuity lifted their price target on Telaria from $6.00 to $9.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. ValuEngine upgraded Telaria from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 28th. TheStreet raised Telaria from a “d+” rating to a “c” rating in a report on Tuesday, February 26th. Finally, Zacks Investment Research raised Telaria from a “hold” rating to a “buy” rating and set a $6.50 price objective on the stock in a report on Friday, March 1st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Telaria presently has an average rating of “Buy” and a consensus target price of $7.55.

The company has a quick ratio of 1.37, a current ratio of 1.43 and a debt-to-equity ratio of 0.50. The firm has a market cap of $358.13 million, a P/E ratio of -44.72 and a beta of 2.04.

Telaria (NYSE:TLRA) last issued its quarterly earnings data on Thursday, May 9th. The software maker reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.01. Telaria had a negative return on equity of 11.45% and a negative net margin of 12.84%. The company had revenue of $13.60 million for the quarter, compared to analyst estimates of $11.82 million. During the same period last year, the company earned ($0.12) earnings per share. Telaria’s quarterly revenue was up 41.7% compared to the same quarter last year. On average, research analysts anticipate that Telaria Inc will post -0.01 EPS for the current fiscal year.

In other Telaria news, CFO John S. Rego sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $5.64, for a total value of $56,400.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.40% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Telaria by 12.4% in the first quarter. BlackRock Inc. now owns 2,572,501 shares of the software maker’s stock worth $16,310,000 after acquiring an additional 284,564 shares during the last quarter. Cannell Capital LLC acquired a new position in Telaria during the fourth quarter worth $6,516,000. Renaissance Technologies LLC boosted its stake in Telaria by 20.4% during the first quarter. Renaissance Technologies LLC now owns 1,676,400 shares of the software maker’s stock worth $10,628,000 after buying an additional 284,500 shares during the last quarter. Vanguard Group Inc. acquired a new position in Telaria during the third quarter worth $6,322,000. Finally, Vanguard Group Inc acquired a new position in Telaria during the third quarter worth $6,322,000. 39.20% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This piece was published by Marea Informative and is the sole property of of Marea Informative. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://www.mareainformativa.com/news/2019/05/15/telaria-tlra-stock-price-down-5-6.html.

About Telaria (NYSE:TLRA)

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.

Recommended Story: What are gap-down stocks?

Receive News & Ratings for Telaria Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telaria and related companies with MarketBeat.com's FREE daily email newsletter.