Tremor International (NASDAQ:TRMR) Sees Unusually-High Trading Volume

Tremor International Ltd (NASDAQ:TRMR – Get Rating) shares saw an uptick in trading volume on Friday . 7,556 shares changed hands during trading, a decline of 95% from the previous session’s volume of 155,314 shares.The stock last traded at $8.87 and had previously closed at $8.04.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TRMR. Needham & Company LLC reduced their price target on shares of Tremor International from $20.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, June 2nd. JMP Securities reduced their price target on shares of Tremor International from $23.00 to $22.00 and set a “market outperform” rating on the stock in a research report on Wednesday. Royal Bank of Canada cut their target price on shares of Tremor International from $20.00 to $17.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Raymond James cut their target price on shares of Tremor International from $13.00 to $11.00 and set an “outperform” rating on the stock in a research report on Wednesday.

Tremor International Trading Up 10.6 %

The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.10 and a current ratio of 3.10. The company has a market capitalization of $658.66 million, a price-to-earnings ratio of 26.15 and a beta of 1.81. The business’s 50-day simple moving average is $9.52 and its 200-day simple moving average is $11.95.

Institutional Trading of Tremor International

A number of institutional investors and hedge funds have recently modified their holdings of TRMR. Renaissance Group LLC bought a new stake in shares of Tremor International in the 1st quarter valued at about $4,409,000. Renaissance Technologies LLC increased its stake in shares of Tremor International by 651.3% in the 2nd quarter. Renaissance Technologies LLC now owns 265,200 shares of the company’s stock valued at $2,302,000 after acquiring an additional 229,900 shares during the last quarter. Millennium Management LLC increased its stake in shares of Tremor International by 289.9% in the 2nd quarter. Millennium Management LLC now owns 179,514 shares of the company’s stock valued at $1,558,000 after acquiring an additional 133,468 shares during the last quarter. Brooktree Capital Management bought a new stake in shares of Tremor International in the 1st quarter valued at about $1,700,000. Finally, Bank of America Corp DE bought a new stake in shares of Tremor International in the 1st quarter valued at about $1,532,000. 5.88% of the stock is owned by institutional investors.

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.