Needham & Company LLC Lowers Teads (NASDAQ:TEAD) Price Target to $3.50

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 - Free Report) had its target price lowered by Needham & Company LLC from $5.00 to $3.50 in a report released on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research firms also recently weighed in on TEAD. Wall Street Zen upgraded shares of Teads from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Citigroup cut their price target on shares of Teads from $3.90 to $3.40 and set a "neutral" rating on the stock in a report on Tuesday, July 29th.

Teads Stock Down 1.7%

TEAD stock traded down $0.03 during trading hours on Thursday, hitting $1.70. The company's stock had a trading volume of 766,170 shares, compared to its average volume of 459,396. The stock has a 50 day moving average of $2.56. Teads has a 12 month low of $1.66 and a 12 month high of $7.87. The stock has a market cap of $160.31 million, a P/E ratio of -2.02 and a beta of 1.33. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.13 and a quick ratio of 1.13.

Teads (NASDAQ:TEAD - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($0.10) earnings per share for the quarter, beating analysts' consensus estimates of ($0.13) by $0.03. The business had revenue of $144.17 million for the quarter, compared to the consensus estimate of $146.08 million. Teads had a negative net margin of 5.76% and a negative return on equity of 5.14%.

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.