Teads (NASDAQ:TEAD) Announces Earnings Results

Teads (NASDAQ:TEAD) released its quarterly earnings results on Thursday. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.02), Zacks reports. Teads had a negative return on equity of 4.37% and a negative net margin of 5.76%.The company had revenue of $318.77 million during the quarter.

Teads Trading Down 45.9%

Shares of NASDAQ TEAD traded down $0.68 during midday trading on Thursday, hitting $0.79. The company’s stock had a trading volume of 7,230,547 shares, compared to its average volume of 358,496. Teads has a 12-month low of $0.72 and a 12-month high of $7.87. The business’s 50 day moving average price is $1.59. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.10 and a current ratio of 1.10.

Analyst Upgrades and Downgrades

TEAD has been the subject of several analyst reports. Wall Street Zen raised shares of Teads from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Teads in a report on Wednesday, October 8th. Citigroup dropped their price target 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. Needham & Company LLC lowered their target price on shares of Teads from $5.00 to $3.50 and set a “buy” rating on the stock in a research note on Thursday, August 7th. Finally, JMP Securities cut their price objective on Teads from $10.00 to $5.00 and set a “market outperform” rating for the company in a report on Friday, August 8th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $3.97.

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.