Tremor International (NASDAQ:TRMR) Given New $11.00 Price Target at Stifel Nicolaus

Tremor International (NASDAQ:TRMR – Get Rating) had its target price cut by equities researchers at Stifel Nicolaus from $12.00 to $11.00 in a note issued to investors on Thursday, The Fly reports. Stifel Nicolaus’ target price would suggest a potential upside of 90.64% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 target price on shares of Tremor International in a research report on Wednesday. Lake Street Capital reduced their target price on Tremor International from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday. JMP Securities reduced their target price on Tremor International from $22.00 to $20.00 and set a “market outperform” rating for the company in a research report on Tuesday, November 15th. Finally, Royal Bank of Canada reduced their target price on Tremor International from $15.00 to $13.00 and set an “outperform” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Tremor International has an average rating of “Moderate Buy” and a consensus price target of $12.50.

Tremor International Stock Down 4.8 %

Shares of TRMR stock opened at $5.77 on Thursday. The stock has a market cap of $414.29 million, a P/E ratio of 41.21 and a beta of 1.90. Tremor International has a one year low of $5.70 and a one year high of $16.73. The stock has a fifty day moving average price of $7.52 and a 200 day moving average price of $7.43. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.64 and a quick ratio of 1.54.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp increased its stake in shares of Tremor International by 9.8% in the fourth quarter. Van ECK Associates Corp now owns 14,007 shares of the company’s stock valued at $90,000 after buying an additional 1,251 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Tremor International by 6.1% in the second quarter. Goldman Sachs Group Inc. now owns 30,005 shares of the company’s stock valued at $260,000 after buying an additional 1,729 shares in the last quarter. State Street Corp increased its stake in shares of Tremor International by 11.4% in the second quarter. State Street Corp now owns 19,008 shares of the company’s stock valued at $165,000 after buying an additional 1,948 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Tremor International by 18.4% in the first quarter. Royal Bank of Canada now owns 17,745 shares of the company’s stock valued at $269,000 after buying an additional 2,761 shares in the last quarter. Finally, Lapides Asset Management LLC increased its stake in shares of Tremor International by 5.6% in the third quarter. Lapides Asset Management LLC now owns 84,800 shares of the company’s stock valued at $588,000 after buying an additional 4,500 shares in the last quarter. 6.72% of the stock is currently owned by institutional investors and hedge funds.

Tremor International Company Profile

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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.