Whitefort Capital Management LP Makes New $3.53 Billion Investment in Teads Holding Co. $TEAD

Whitefort Capital Management LP purchased a new stake in shares of Teads Holding Co. (NASDAQ:TEAD) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,609,163 shares of the company’s stock, valued at approximately $3,534,767,000. Teads accounts for about 0.9% of Whitefort Capital Management LP’s holdings, making the stock its 17th largest holding. Whitefort Capital Management LP owned approximately 4.70% of Teads at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CastleKnight Management LP purchased a new position in Teads during the 4th quarter valued at $25,000. Verition Fund Management LLC bought a new stake in shares of Teads during the fourth quarter worth $25,000. Wells Fargo & Company MN purchased a new stake in shares of Teads during the fourth quarter valued at $29,000. Hsbc Holdings PLC purchased a new stake in shares of Teads during the fourth quarter valued at $35,000. Finally, Dimensional Fund Advisors LP bought a new position in shares of Teads in the fourth quarter worth about $37,000. 60.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TEAD has been the topic of a number of recent research reports. Wall Street Zen downgraded Teads from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 8th. Needham & Company LLC reduced their target price on shares of Teads from $1.40 to $1.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Weiss Ratings lowered shares of Teads from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, August 13th. 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 given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $1.00.

Teads Stock Down 9.4%

Teads stock opened at $0.55 on Wednesday. Teads Holding Co. has a 1-year low of $0.53 and a 1-year high of $1.91. The business has a fifty day moving average price of $0.82 and a 200-day moving average price of $0.85. The company has a debt-to-equity ratio of 82.60, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $54.22 million, a price-to-earnings ratio of -0.10 and a beta of 1.65.

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

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.