Teads (NASDAQ:TEAD) Stock Price Target Lowered at Needham & Company LLC

Teads (NASDAQ:TEAD) had its target price decreased by stock analysts at Needham & Company LLC from $1.00 to $0.40 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC‘s price target indicates a potential upside of 129.23% from the stock’s current price.

A number of other brokerages have also weighed in on TEAD. Weiss Ratings lowered shares of Teads from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, August 13th. Wall Street Zen downgraded shares of Teads from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $0.40.

Teads Trading Down 36.6%

TEAD stock traded down $0.10 during midday trading on Thursday, reaching $0.17. The company’s stock had a trading volume of 1,064,882 shares, compared to its average volume of 940,702. Teads has a 1 year low of $0.16 and a 1 year high of $1.42. The firm has a market capitalization of $17.11 million, a price-to-earnings ratio of -0.03 and a beta of 1.62. The stock has a fifty day simple moving average of $0.45 and a two-hundred day simple moving average of $0.74. The company has a debt-to-equity ratio of 82.60, a quick ratio of 0.98 and a current ratio of 0.98.

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

Hedge Funds Weigh In On Teads

A number of hedge funds and other institutional investors have recently made changes to their positions in TEAD. Susquehanna International Group LLP raised its holdings in shares of Teads by 20.0% in the second quarter. Susquehanna International Group LLP now owns 1,008,138 shares of the company’s stock valued at $773,000 after acquiring an additional 168,159 shares in the last quarter. Empowered Funds LLC bought a new position in Teads during the 2nd quarter worth about $245,000. Bank of America Corp DE bought a new position in Teads during the 2nd quarter worth about $287,000. Hsbc Holdings PLC purchased a new position in Teads during the 2nd quarter valued at about $37,000. Finally, Whitefort Capital Management LP purchased a new position in Teads during the 2nd quarter valued at about $3,534,767. Institutional investors own 60.44% of the company’s stock.

Teads Company Profile

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.