Teads (NASDAQ:TEAD) Given New $0.40 Price Target at Needham & Company LLC

Teads (NASDAQ:TEAD – Free Report) had its price target decreased by Needham & Company LLC from $1.00 to $0.40 in a research report released on Thursday morning,Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. Wall Street Zen cut shares of Teads from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Weiss Ratings downgraded shares of Teads from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, August 13th. One investment 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. According to MarketBeat.com, Teads currently has an average rating of “Hold” and an average target price of $0.40.

View Our Latest Analysis on TEAD

Teads Stock Performance

TEAD opened at $0.17 on Thursday. The stock has a market cap of $17.11 million, a PE ratio of -0.03 and a beta of 1.62. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 82.60. Teads has a 1 year low of $0.16 and a 1 year high of $1.42. The stock’s 50 day simple moving average is $0.44 and its 200-day simple moving average is $0.73.

Teads (NASDAQ:TEAD – Get Free Report) last issued its earnings results on Thursday, November 5th. The company reported ($0.48) EPS for the quarter. Teads had a negative return on equity of 49.37% and a negative net margin of 43.32%. The firm had revenue of $235.07 million during the quarter.

Hedge Funds Weigh In On Teads

Hedge funds have recently modified their holdings of the stock. Susquehanna International Group LLP boosted its stake in Teads by 20.0% in the 2nd quarter. Susquehanna International Group LLP now owns 1,008,138 shares of the company’s stock valued at $773,000 after buying an additional 168,159 shares in the last quarter. Empowered Funds LLC acquired a new position in Teads during the second quarter worth $245,000. Bank of America Corp DE acquired a new position in Teads during the second quarter worth $287,000. Hsbc Holdings PLC acquired a new position in Teads during the second quarter worth $37,000. Finally, Whitefort Capital Management LP bought a new position in shares of Teads during the second quarter valued at $3,534,767. 60.44% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Teads

Here are the key news stories impacting Teads this week:

About Teads

(Get Free Report)

Teads is a global advertising technology company that operates an omnichannel digital advertising platform. The company connects advertisers and agencies with publishers and audiences across digital media, helping brands plan, buy, deliver and measure advertising campaigns through a combination of technology, data and creative services.

Its offerings include video, display, native, connected television and other digital advertising formats. Teads provides tools for campaign management, audience targeting, automated media buying, creative development and performance measurement.

Further Reading

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