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

Teads (NASDAQ:TEAD) had its price objective reduced by investment analysts at Needham & Company LLC from $1.00 to $0.40 in a report issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC‘s price target would suggest a potential upside of 129.23% from the stock’s previous close.

TEAD has been the subject of a number of other reports. 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 research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Teads has a consensus rating of “Hold” and a consensus price target of $0.40.

Teads Stock Performance

Shares of TEAD stock traded down $0.10 during trading hours on Thursday, reaching $0.17. 1,064,882 shares of the company traded hands, compared to its average volume of 940,702. Teads has a 12-month low of $0.16 and a 12-month high of $1.42. 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 company has a market cap of $17.11 million, a P/E ratio of -0.03 and a beta of 1.62. The firm has a 50-day moving average price of $0.45 and a 200 day moving average price of $0.74.

Teads (NASDAQ:TEAD) last announced its quarterly earnings data on Thursday, November 5th. The company reported ($0.48) 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 $235.07 million for the quarter.

Institutional Investors Weigh In On Teads

Several institutional investors and hedge funds have recently modified their holdings of the stock. Whitefort Capital Management LP purchased a new position in Teads during the 2nd quarter valued at approximately $3,534,767. Susquehanna International Group LLP raised its position in shares of Teads by 20.0% during 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. BlackRock Inc. purchased a new position in shares of Teads in the 2nd quarter worth approximately $662,000. GSA Capital Partners LLP purchased a new position in Teads during the second quarter worth $430,000. Finally, Bank of America Corp DE grew its holdings in Teads by 368.5% during the 1st quarter. Bank of America Corp DE now owns 381,771 shares of the company’s stock valued at $251,000 after purchasing an additional 300,290 shares during the last quarter. 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.