Tremor International (NASDAQ:TRMR) Given New $13.00 Price Target at Royal Bank of Canada

Tremor International (NASDAQ:TRMR – Get Rating) had its price objective cut by Royal Bank of Canada from $15.00 to $13.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have an outperform rating on the stock.

Other analysts have also issued reports about the company. JMP Securities lowered their price target on Tremor International from $22.00 to $20.00 and set a market outperform rating on the stock in a research note on Tuesday, November 15th. Lake Street Capital started coverage on shares of Tremor International in a research report on Monday, January 30th. They issued a buy rating and a $12.00 target price for the company. Finally, Needham & Company LLC lowered their price target on shares of Tremor International from $16.00 to $10.00 and set a buy rating on the stock in a research report on Monday, November 14th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Tremor International has a consensus rating of Moderate Buy and a consensus target price of $12.80.

Tremor International Trading Down 2.7 %

Shares of Tremor International stock opened at $6.38 on Wednesday. Tremor International has a twelve month low of $6.02 and a twelve month high of $16.73. The firm’s 50-day moving average price is $7.55 and its 200 day moving average price is $7.46. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $458.08 million, a PE ratio of 45.57 and a beta of 1.90.

Institutional Trading of Tremor International

Hedge funds and other institutional investors have recently modified their holdings of the stock. OLD Mission Capital LLC purchased a new stake in shares of Tremor International in the fourth quarter valued at about $103,000. Natixis acquired a new position in Tremor International in the 4th quarter valued at about $1,156,000. Jane Street Group LLC purchased a new stake in shares of Tremor International in the 4th quarter valued at approximately $663,000. Morgan Stanley increased its holdings in shares of Tremor International by 11.6% during the 4th quarter. Morgan Stanley now owns 165,884 shares of the company’s stock worth $1,070,000 after buying an additional 17,199 shares during the last quarter. Finally, G2 Investment Partners Management LLC raised its position in shares of Tremor International by 6.9% during the 4th quarter. G2 Investment Partners Management LLC now owns 870,269 shares of the company’s stock valued at $5,613,000 after buying an additional 55,804 shares during the period. 6.72% of the stock is owned by institutional investors and hedge funds.

About Tremor International

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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.