Jefferies Downgrades Tremor Video (TRMR) to Hold after Weak Q3, Outlook

November 8, 2013 7:04 AM EST
Get Alerts TRMR Hot Sheet
Price: $2.42 -2.02%

Rating Summary:
    4 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
Trade TRMR Now!
Join SI Premium – FREE
Jefferies downgraded Tremor Video (NYSE: TRMR) from Buy to Hold with a price target of $8.00 (from $13.00)following weak Q3 results and outlook.

"Importantly, the company pulled down its FY revenue outlook by 7%, and is now expecting an adj. EBITDA loss," Jefferies US Interactive Entertainment Team said. "We are downgrading to a Hold, and lowering our PT to $8, as our thesis on TRMR's competitive positioning has changed."

The firm cut FY 2013 EPS from ($0.41) to ($0.49) and FY 2014 EPS from ($0.05) to ($0.17).

For an analyst ratings summary and ratings history on Tremor Video click here. For more ratings news on Tremor Video click here.

Shares of Tremor Video closed at $9.26 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change, Downgrades

Related Entities

Jefferies & Co

Add Your Comment