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

Shares of Tremor International Ltd (NASDAQ:TRMRGet Free Report) have earned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $7.30.

Several equities research analysts have weighed in on TRMR shares. Royal Bank of Canada reissued an “outperform” rating and issued a $8.00 price target on shares of Tremor International in a report on Wednesday, December 13th. JMP Securities lowered their price target on Tremor International from $12.00 to $11.00 and set an “outperform” rating for the company in a report on Friday, November 24th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $5.00 price target on shares of Tremor International in a report on Friday, November 24th.

View Our Latest Report on TRMR

Institutional Investors Weigh In On Tremor International

Institutional investors and hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. acquired a new position in Tremor International in the first quarter valued at approximately $195,000. Citigroup Inc. purchased a new stake in shares of Tremor International during the first quarter worth approximately $84,000. Acadian Asset Management LLC purchased a new stake in shares of Tremor International during the first quarter worth approximately $199,000. Dimensional Fund Advisors LP increased its position in shares of Tremor International by 93.4% during the first quarter. Dimensional Fund Advisors LP now owns 83,350 shares of the company’s stock worth $1,268,000 after purchasing an additional 40,246 shares in the last quarter. Finally, Renaissance Group LLC purchased a new stake in shares of Tremor International during the first quarter worth approximately $4,409,000. Institutional investors and hedge funds own 7.88% of the company’s stock.

Tremor International Price Performance

TRMR opened at $5.15 on Wednesday. The business’s 50-day moving average is $4.65 and its two-hundred day moving average is $4.57. Tremor International has a 1 year low of $3.15 and a 1 year high of $8.59. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.05 and a quick ratio of 2.05. The firm has a market capitalization of $373.98 million, a PE ratio of -36.79 and a beta of 1.92.

Tremor International (NASDAQ:TRMRGet Free Report) last issued its quarterly earnings results on Wednesday, November 22nd. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.04. The business had revenue of $80.09 million during the quarter, compared to the consensus estimate of $77.00 million. Tremor International had a positive return on equity of 3.11% and a negative net margin of 5.72%. Research analysts anticipate that Tremor International will post 0.25 earnings per share for the current fiscal year.

About Tremor International

(Get Free Report

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 to execute their digital marketing campaigns in real time across various ad formats.

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Analyst Recommendations for Tremor International (NASDAQ:TRMR)

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