Tremor International (NASDAQ:TRMR) Shares Gap Down to $7.90

Tremor International Ltd (NASDAQ:TRMRGet 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.

Tremor International (NASDAQ:TRMRGet Rating) last posted its quarterly earnings results on Tuesday, August 16th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.14). Tremor International had a return on equity of 10.32% and a net margin of 15.72%. The company had revenue of $75.83 million during the quarter, compared to the consensus estimate of $84.75 million. On average, sell-side analysts predict that Tremor International Ltd will post 0.83 earnings per share for the current year.

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

(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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