Whitefort Capital Management LP Buys New Shares in Teads Holding Co. $TEAD

Whitefort Capital Management LP bought a new position in Teads Holding Co. (NASDAQ:TEAD) in the second quarter, Holdings Channel.com reports. The firm bought 4,609,163 shares of the company’s stock, valued at approximately $3,534,767,000. Teads comprises about 0.9% of Whitefort Capital Management LP’s holdings, making the stock its 17th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TEAD. Empowered Funds LLC increased its holdings in shares of Teads by 6.0% in the first quarter. Empowered Funds LLC now owns 319,401 shares of the company’s stock valued at $210,000 after purchasing an additional 17,976 shares during the period. CastleKnight Management LP acquired a new stake in shares of Teads during the fourth quarter worth about $25,000. Verition Fund Management LLC acquired a new stake in shares of Teads during the fourth quarter worth about $25,000. Wells Fargo & Company MN purchased a new stake in Teads in the fourth quarter valued at approximately $29,000. Finally, Hsbc Holdings PLC purchased a new stake in Teads in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 60.44% of the company’s stock.

Teads Stock Down 9.4%

Teads stock opened at $0.55 on Wednesday. The business’s 50-day moving average price is $0.82 and its 200 day moving average price is $0.85. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 82.60. The firm has a market cap of $54.22 million, a price-to-earnings ratio of -0.10 and a beta of 1.65. Teads Holding Co. has a 52 week low of $0.53 and a 52 week high of $1.91.

Teads (NASDAQ:TEAD) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.41) earnings per share (EPS) for the quarter. Teads had a negative net margin of 43.32% and a negative return on equity of 49.37%. The company had revenue of $284.59 million during the quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TEAD shares. Weiss Ratings lowered shares of Teads from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, August 13th. Wall Street Zen downgraded shares of Teads from a “sell” rating to a “strong sell” rating in a report on Saturday, August 8th. Needham & Company LLC cut their price objective on shares of Teads from $1.40 to $1.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Finally, Zacks Research downgraded shares of Teads from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $1.00.

About Teads

Teads is a global digital media platform specializing in outstream video advertising and high-impact display formats. Founded in 2007 and listed on the Nasdaq under the ticker TEAD, the company connects advertisers, agencies and publishers through a programmatic marketplace designed to maximize brand engagement across desktop, mobile and connected TV. Teads offers proprietary ad formats such as inRead, outstream expansion units and seamless mobile placements that activate only when visible to the user, helping clients optimize viewability and attention metrics without relying on traditional pre-roll or banner placements.

The Teads platform leverages data-driven targeting and machine learning to serve personalized creative in real time.