Teads (NASDAQ:TEAD) Price Target Lowered to $3.40 at Citigroup

Key Points

• Citigroup has reduced its target price for Teads (NASDAQ:TEAD) from $3.90 to $3.40, indicating a potential upside of 21% from the current price.
• Wall Street Zen has downgraded Teads from a "hold" rating to a "sell" rating as of June 14th.
• Teads shares declined 6% on Tuesday, trading at $2.81 with a market capitalization of $264.98 million.

Teads (NASDAQ:TEAD - Get Free Report) had its price target lowered by equities research analysts at Citigroup from $3.90 to $3.40 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Citigroup's target price indicates a potential upside of 37.10% from the stock's previous close.

Separately, Wall Street Zen downgraded Teads from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th.

Teads Stock Down 2.0%

NASDAQ:TEAD traded down $0.05 during mid-day trading on Tuesday, reaching $2.48. The stock had a trading volume of 64,650 shares, compared to its average volume of 407,306. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.13 and a current ratio of 1.13. Teads has a 1-year low of $2.32 and a 1-year high of $7.87. The company has a market capitalization of $233.86 million, a price-to-earnings ratio of -3.40 and a beta of 1.32.

Teads Company Profile

Outbrain Inc, together with its subsidiaries, operates an online content recommendation platform worldwide. It offers Outbrain Engage, a product suite for media partners that provides personalized feeds and data-driven recommendations, as well as a solution to maximize user engagement. The company's Outbrain Engage solution also includes a web-based dashboard to manage and control various aspects of the platform, including content, formats, sources, frequency, and categories of ads delivered on their properties, as well as monetizes the content through customized data-driven advertising.