Tremor International Ltd (NASDAQ:TRMR – Get Rating) shares gapped down prior to trading on Thursday . The stock had previously closed at $7.90, but opened at $7.55. Tremor International shares last traded at $7.73, with a volume of 1,560 shares traded.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the company. JMP Securities dropped their target price on Tremor International from $23.00 to $22.00 and set a “market outperform” rating for the company in a report on Wednesday, August 17th. Royal Bank of Canada decreased their price target on Tremor International from $20.00 to $17.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 17th. Needham & Company LLC decreased their price target on Tremor International from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, June 2nd. Finally, Raymond James decreased their price target on Tremor International from $13.00 to $11.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 17th.
Tremor International Price Performance
The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.17 and a current ratio of 3.17. The firm has a market capitalization of $539.89 million, a P/E ratio of 21.91 and a beta of 1.95. The company has a 50-day moving average price of $9.09 and a 200-day moving average price of $11.04.
Institutional Trading of Tremor International
Hedge funds have recently added to or reduced their stakes in the business. Citigroup Inc. acquired a new stake in Tremor International during the 1st quarter worth $84,000. Van ECK Associates Corp acquired a new stake in Tremor International during the 2nd quarter worth $110,000. UBS Group AG raised its stake in Tremor International by 232.7% during the 2nd quarter. UBS Group AG now owns 18,394 shares of the company’s stock worth $159,000 after buying an additional 12,865 shares during the period. State Street Corp raised its stake in Tremor International by 11.4% during the 2nd quarter. State Street Corp now owns 19,008 shares of the company’s stock worth $165,000 after buying an additional 1,948 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new stake in Tremor International during the 1st quarter worth $195,000. Institutional investors and hedge funds own 5.88% of the company’s stock.
Tremor International Company Profile
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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