Tremor International Ltd (NASDAQ:TRMR) Given Average Recommendation of “Buy” by Analysts

Shares of Tremor International Ltd (NASDAQ:TRMR – Get Rating) have received a consensus recommendation of “Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $23.60.

A number of equities research analysts have recently weighed in on TRMR shares. Royal Bank of Canada dropped their price target on shares of Tremor International from $28.00 to $20.00 in a research report on Friday. Zacks Investment Research upgraded Tremor International from a “sell” rating to a “hold” rating in a research note on Tuesday. Needham & Company LLC dropped their price target on Tremor International from $28.00 to $20.00 in a research note on Friday, January 21st. Finally, Raymond James decreased their price objective on Tremor International from $31.00 to $22.00 and set an “outperform” rating for the company in a report on Friday, February 25th.

Shares of TRMR traded up $0.58 during midday trading on Friday, hitting $10.87. The stock had a trading volume of 149,747 shares, compared to its average volume of 162,334. The company has a 50 day simple moving average of $13.38 and a two-hundred day simple moving average of $14.61. Tremor International has a twelve month low of $9.81 and a twelve month 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:TRMR – Get Rating) last posted its quarterly earnings results on Thursday, February 24th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). Tremor International had a return on equity of 16.52% and a net margin of 21.27%. The business had revenue of $102.50 million for the quarter, compared to the consensus estimate of $93.95 million. Equities analysts expect that Tremor International will post 1.08 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Schroder Investment Management Group lifted its holdings in shares of Tremor International by 88.2% during the 3rd quarter. Schroder Investment Management Group now owns 469,735 shares of the company’s stock worth $4,338,000 after acquiring an additional 220,199 shares during the last quarter. Renaissance Group LLC purchased a new position in shares of Tremor International during the first quarter valued at about $4,409,000. 1492 Capital Management LLC increased its position in shares of Tremor International by 1.7% during the first quarter. 1492 Capital Management LLC now owns 214,909 shares of the company’s stock valued at $3,269,000 after buying an additional 3,494 shares during the period. Brooktree Capital Management purchased a new stake in Tremor International in the first quarter worth about $1,700,000. Finally, Captrust Financial Advisors purchased a new stake in Tremor International in the third quarter worth about $1,741,000. Hedge funds and other institutional investors own 5.88% of the company’s stock.

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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