Teads (NASDAQ:TEAD) Stock Price Target Cut by Needham & Company LLC

Teads (NASDAQ:TEAD) had its price objective cut by equities research analysts at Needham & Company LLC from $1.00 to $0.40 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC‘s target price points to a potential upside of 120.99% from the company’s current price.

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

Teads Stock Up 3.7%

Teads stock traded up $0.01 during trading hours on Thursday, reaching $0.18. The stock had a trading volume of 298,837 shares, compared to its average volume of 255,646. The company has a market cap of $17.75 million, a price-to-earnings ratio of -0.02 and a beta of 1.62. 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 business’s 50 day moving average price is $0.44 and its 200-day moving average price is $0.73. Teads has a 52 week low of $0.16 and a 52 week high of $1.42.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TEAD. Whitefort Capital Management LP acquired a new stake in shares of Teads during the second quarter worth $3,534,767. Susquehanna International Group LLP raised 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 worth $773,000 after acquiring an additional 168,159 shares during the last quarter. BlackRock Inc. purchased a new position in Teads in the 2nd quarter worth $662,000. GSA Capital Partners LLP acquired a new stake in Teads during the 2nd quarter worth about $430,000. Finally, Bank of America Corp DE lifted its position in Teads by 368.5% during the 1st quarter. Bank of America Corp DE now owns 381,771 shares of the company’s stock worth $251,000 after acquiring an additional 300,290 shares during the period. Hedge funds and other institutional investors own 60.44% of the company’s stock.

Teads News Roundup

Here are the key news stories impacting Teads this week:

• Positive Sentiment: CTV revenue rose 37% year over year, which CEO David Kostman described as outperforming the broader market. Teads sees CTV as a longer-term growth opportunity. Teads third-quarter results
• Neutral Sentiment: Needham kept its Buy rating but cut its price target from $1.00 to $0.40, signaling reduced expectations despite the implied upside from the current share price. Needham ratings
• Neutral Sentiment: Michael Coyle will become CFO on November 11, succeeding Jason Kiviat, who is stepping down after 13 years. The leadership change comes as Teads faces significant financial challenges. CFO appointment
• Negative Sentiment: Third-quarter revenue fell 26% year over year to $235.1 million. Gross profit dropped 42%, adjusted EBITDA swung to an $8.1 million loss from a $19.2 million profit, and net loss widened to $325.5 million. Teads third-quarter results
• Negative Sentiment: Reports also point to deepening debt concerns and withdrawn guidance. Management cited open-web page-view declines of 20%–60%, highlighting pressure on a key part of Teads’ advertising business. Debt and guidance report Open-web and CTV report

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.