Needham & Company LLC Has Lowered Expectations for Teads (NASDAQ:TEAD) Stock Price

Key Points

• Needham & Company LLC has reduced its price target for Teads (NASDAQ:TEAD) from $5.00 to $3.50, while maintaining a "buy" rating, indicating a potential upside of 69.90% from the current price.
• Teads' stock has seen a significant decline, trading down 20.2% to a price of $2.06, with a trading volume surpassing its average for the day.
• In its latest earnings report, Teads posted earnings of ($0.10) per share, exceeding analysts’ expectations and highlighting a negative net margin of 5.27%.

Teads (NASDAQ:TEAD - Get Free Report) had its price objective cut by analysts at Needham & Company LLC from $5.00 to $3.50 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. Needham & Company LLC's price objective would suggest a potential upside of 69.90% from the company's current price.

A number of other equities research analysts also recently weighed in on the company. Wall Street Zen upgraded Teads from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Citigroup reduced their price objective on Teads from $3.90 to $3.40 and set a "neutral" rating for the company in a research note on Tuesday, July 29th.

Teads Trading Down 20.2%

TEAD stock traded down $0.52 during trading on Thursday, hitting $2.06. The stock had a trading volume of 1,199,033 shares, compared to its average volume of 411,593. The company has a market capitalization of $194.26 million, a price-to-earnings ratio of -2.82 and a beta of 1.33. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.29. Teads has a 1-year low of $2.02 and a 1-year high of $7.87.

Teads (NASDAQ:TEAD - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.13) by $0.03. Teads had a negative net margin of 5.27% and a negative return on equity of 2.18%.

About Teads

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.

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