Tremor International (NASDAQ:TRMR) Downgraded by Zacks Investment Research to “Hold”

Tremor International (NASDAQ:TRMRGet Rating) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

According to Zacks, “Tremor International Ltd engaged in digital advertising solutions which leverage the latest video, native and display technology to reach the users for every app, service and brand. Tremor International Ltd is based in Israel. “

Several other equities research analysts have also commented on TRMR. Needham & Company LLC decreased their price objective on shares of Tremor International from $28.00 to $20.00 in a research report on Friday, January 21st. Raymond James reduced their target price on shares of Tremor International from $31.00 to $22.00 and set an “outperform” rating on the stock in a report on Friday, February 25th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Tremor International presently has an average rating of “Buy” and a consensus price target of $24.33.

Shares of Tremor International stock traded down $0.04 during trading on Wednesday, reaching $12.33. The company’s stock had a trading volume of 1,189 shares, compared to its average volume of 158,856. The company has a 50-day moving average price of $14.22 and a two-hundred day moving average price of $15.26. Tremor International has a fifty-two week low of $12.21 and a fifty-two week high of $23.76. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.50 and a current ratio of 2.50.

Tremor International (NASDAQ:TRMRGet Rating) last announced its quarterly earnings data on Thursday, February 24th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.04). Tremor International had a net margin of 21.27% and a return on equity of 16.52%. The firm had revenue of $102.50 million during the quarter, compared to analyst estimates of $93.95 million. As a group, equities analysts forecast that Tremor International will post 1.08 earnings per share for the current year.

A number of large investors have recently modified their holdings of TRMR. Schroder Investment Management Group grew its position in Tremor International by 88.2% in the third quarter. Schroder Investment Management Group now owns 469,735 shares of the company’s stock valued at $4,338,000 after acquiring an additional 220,199 shares in the last quarter. Captrust Financial Advisors purchased a new position in shares of Tremor International during the 3rd quarter valued at approximately $1,741,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of Tremor International by 73.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 51,371 shares of the company’s stock valued at $948,000 after buying an additional 21,744 shares during the last quarter. 5.88% of the stock is owned by institutional investors.

Tremor International Company Profile (Get Rating)

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.

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