Canaan Partners Vii Lowers stake in Tremor Video Inc (TRMR)

Tremor Video Inc (TRMR) : Canaan Partners Vii reduced its stake in Tremor Video Inc by 4.99% during the most recent quarter end. The investment management company now holds a total of 7,410,400 shares of Tremor Video Inc which is valued at $12,819,992 after selling 389,597 shares in Tremor Video Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Tremor Video Inc makes up approximately 13.39% of Canaan Partners Vii’s portfolio.

Tremor Video Inc (TRMR) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $1.76 and reached the intraday high at $1.78. The bulls started the profit booking and pushed the shares to intraday low of $1.67. The trading session was marked by a volume range of 92,939 shares exchanging hands. The 52-week high of the shares is $2.2 and the 52-week low is $1.29. The market cap of the company stands at $91 M and there are 5,24,37,307 shares in public circulation.

On the company’s financial health, Tremor Video Inc reported $-0.11 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.05. The company had revenue of $37.10 million for the quarter, compared to analysts expectations of $41.11 million. The company’s revenue was down -12.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.10 EPS.

Tremor Video Inc. is an advertising technology company elevating brand performance across screens for the brands and publishers. The Company’s technology VideoHub analyzes in-stream video content detects viewer and system attributes and leverages its repository of stored data to enhance video ad campaigns across screens to achieve brand performance goals while providing access to analytics and measurement tools. Its VideoHub technology is the backbone of the Tremor Video Network through which it offers advertisers access to engaged consumers at scale in brand safe environments across multiple devices. It provides the Tremor Video Network as a managed service with its team managing the execution and delivery of an advertising campaign from advising on pre-campaign planning through post-campaign reporting and analysis.

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