Tremor International Ltd (NASDAQ:TRMR) Given Average Rating of “Buy” by Brokerages

Shares of Tremor International Ltd (NASDAQ:TRMR – Get Rating) have been assigned an average rating of “Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $22.80.

TRMR has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Tremor International from a “sell” rating to a “hold” rating in a research report on Tuesday, May 10th. Needham & Company LLC reduced their price target on shares of Tremor International from $20.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, June 2nd. Royal Bank of Canada reduced their price target on shares of Tremor International from $28.00 to $20.00 in a report on Friday, May 13th. Finally, Raymond James reduced their price target on shares of Tremor International from $31.00 to $22.00 and set an “outperform” rating for the company in a report on Friday, February 25th.

TRMR opened at $12.09 on Wednesday. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.01. Tremor International has a 1-year low of $9.81 and a 1-year high of $23.76. The company has a market capitalization of $924.64 million and a PE ratio of 26.28. The firm’s 50 day simple moving average is $12.33 and its two-hundred day simple moving average is $13.76.

Several hedge funds have recently added to or reduced their stakes in the company. Citigroup Inc. acquired a new position in shares of Tremor International in the 1st quarter valued at $84,000. Envestnet Asset Management Inc. acquired a new position in Tremor International during the first quarter worth $195,000. Acadian Asset Management LLC acquired a new position in Tremor International during the first quarter worth $199,000. Royal Bank of Canada raised its position in Tremor International by 18.4% during the first quarter. Royal Bank of Canada now owns 17,745 shares of the company’s stock worth $269,000 after acquiring an additional 2,761 shares during the period. Finally, S Squared Technology LLC raised its position in Tremor International by 215.1% during the first quarter. S Squared Technology LLC now owns 63,017 shares of the company’s stock worth $958,000 after acquiring an additional 43,017 shares during the period. 5.88% of the stock is currently owned by institutional investors and hedge funds.

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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