Jefferies Maintains Tremor Video Inc to Buy with Price Target $3.00

Brokerage firm Jefferies Maintains its rating on Tremor Video Inc(NYSE:TRMR). In a research note issued to the investors, the brokerage major Lowers the price-target to $3.00 per share. The shares have been rated Buy. The rating by Jefferies was issued on Aug 5, 2016.

Tremor Video Inc (TRMR) made into the market gainers list on Wednesdays trading session with the shares advancing 0.56% or 0.01 points. Due to strong positive momentum, the stock ended at $1.8, which is also near the day’s high of $1.86. The stock began the session at $1.78 and the volume stood at 1,04,046 shares. The 52-week high of the shares is $2.36 and the 52 week low is $1.29. The company has a current market capitalization of $94 M and it has 5,24,37,307 shares in outstanding.

Tremor Video Inc(TRMR) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $37.11M. Analysts had an estimated revenue of $41.11M. Earnings per share were $-0.11. Analysts had estimated an EPS of $-0.05.

Several Insider Transactions has been reported to the SEC. On May 31, 2016, Warren Lee (director) sold 40,093 shares at $1.84 per share price.Also, On Dec 4, 2015, Lauren Wiener (Pres. Global Sales&Marketing) purchased 5,000 shares at $2.05 per share price.On Nov 24, 2015, Rachel Lam (director) purchased 2,000 shares at $1.86 per share price, according to the Form-4 filing with the securities and exchange commission.

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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