Needham & Company LLC Cuts Teads (NASDAQ:TEAD) Price Target to $1.00

Teads (NASDAQ:TEAD) had its price objective lowered by Needham & Company LLC from $3.50 to $1.00 in a research note released on Friday,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

A number of other research analysts have also recently commented on TEAD. Wall Street Zen raised shares of Teads from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. JMP Securities dropped their price objective on shares of Teads from $10.00 to $5.00 and set a “market outperform” rating for the company in a research note on Friday, August 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Teads in a research report on Wednesday, October 8th. Finally, Citigroup decreased their target price on shares of Teads from $3.90 to $3.40 and set a “neutral” rating on the stock in a research note on Tuesday, July 29th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $3.13.

Teads Price Performance

Shares of TEAD opened at $0.73 on Friday. The company’s 50 day moving average price is $1.57. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.16. Teads has a one year low of $0.70 and a one year high of $7.87. The firm has a market capitalization of $69.38 million, a P/E ratio of -0.69 and a beta of 1.28.

Teads (NASDAQ:TEAD) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.02). The business had revenue of $318.77 million for the quarter. Teads had a negative return on equity of 8.59% and a negative net margin of 7.53%.

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.