Tremor International Ltd. (TRMR) is a publicly traded company on the NASDAQ stock exchange. As of October 2020, Tremor Share Price was $0.64 per share. The company has a market capitalization of $72 million and its 52-week range is $0.56 – $1.48 per share.
Tremor operates in the digital advertising industry and provides technology solutions that help brands deliver their advertising messages across multiple digital platforms, including desktop, mobile, connected TV, and gaming consoles.
Tremor International Ltd. (NASDAQ: TRMR) shares are down 5.4% at $10.41 in pre-market trading after the company announced a $200 million common stock offering.
The offering is expected to close on or about December 18, 2020, subject to customary closing conditions. Tremor intends to use the net proceeds from the offering for working capital and general corporate purposes.
Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering.
Tremor Share Price Nasdaq
Tremor Video, Inc. (TRMR) shares fell 9.4% on Thursday afternoon after the company announced that it would be acquired by TEGNA Inc. (TGNA) in an all-stock transaction valued at $1.33 billion.
Under the terms of the deal, Tremor shareholders will receive 0.95 common shares of TEGNA for each share of Tremor stock they own. The transaction is expected to close in the fourth quarter of 2019, subject to regulatory approvals and other customary conditions.
Tegna plans to finance the deal with cash on hand and debt financing. Upon completion of the acquisition, Tegna will combine itsPremion self-service programmatic advertising business with Tremor’s video advertising platform to create a “premier digital-first advertising solutions provider.”
“The acquisition of Tremor Video accelerates our transformation into a digital-first company and furthers our ability to provide marketers with leading solutions across every screen,” said Tegna CEO Dave Lougee in a statement.
“This combination creates significant shareholder value and advances our position as a premier provider of holistic marketing solutions.”
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Is Tremor International a Good Buy?
Yes, Tremor International is a good buy. Here’s why:
The company has a strong financial position with little debt and plenty of cash on hand.
Tremor International has a diversified product portfolio with several growth opportunities.
The company’s share price is reasonable compared to its peers and its future growth potential.
Is Tremor Video a Public Company?
Yes, Tremor Video is a public company. They went public in June of 2010 and their ticker symbol is TRMR.
When Did Tremor Go Public?
Tremor went public in 2010. Prior to that, it was a private company.
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Conclusion
Tremor International Ltd. (TRMR) fell sharply on Thursday after the release of disappointing quarterly results. The stock was down 14% to $2.15 in afternoon trading.
The Israel-based company reported a loss of $0.13 per share for the fourth quarter, wider than the loss of $0.09 per share that analysts were expecting.
Revenue came in at $11 million, below the $12 million that was forecast by analysts.
Looking ahead, Tremor said it expects revenue to be in the range of $48-$50 million for 2019, which is below the current consensus estimate of $51 million.
