Weiss Ratings Reiterates "Sell (D-)" Rating for Teads (NASDAQ:TEAD)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D-)" rating for Teads (NASDAQ:TEAD), indicating persistent caution regarding the stock's performance.
• Teads recently reported a quarterly EPS of ($0.10), surpassing expectations but generating revenues of $144.17 million, which fell short of analyst forecasts.
• Multiple brokerages have adjusted their price objectives for Teads, with Needham lowering its target from $5.00 to $3.50 and JMP Securities reducing it from $10.00 to $5.00.

Teads (NASDAQ:TEAD - Get Free Report)'s stock had its "sell (d-)" rating restated by stock analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

A number of other brokerages have also commented on TEAD. Needham & Company LLC lowered their price objective on Teads from $5.00 to $3.50 and set a "buy" rating for the company in a research report on Thursday, August 7th. JMP Securities lowered their price objective on Teads from $10.00 to $5.00 and set a "market outperform" rating for the company in a research report on Friday, August 8th. Citigroup reduced their target price on Teads from $3.90 to $3.40 and set a "neutral" rating on the stock in a report on Tuesday, July 29th. Finally, Wall Street Zen upgraded Teads from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $3.97.

Teads Stock Up 0.6%

Shares of TEAD stock opened at $1.64 on Wednesday. The stock has a 50-day moving average price of $1.80. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market capitalization of $155.75 million, a price-to-earnings ratio of -1.95 and a beta of 1.29. Teads has a 12 month low of $1.55 and a 12 month high of $7.87.

Teads (NASDAQ:TEAD - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($0.10) EPS for the quarter, topping analysts' consensus estimates of ($0.13) by $0.03. The firm had revenue of $144.17 million during the quarter, compared to analyst estimates of $146.08 million. Teads had a negative return on equity of 4.37% and a negative net margin of 5.76%.

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.

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