JMP Securities Has Lowered Expectations for Teads (NASDAQ:TEAD) Stock Price

Teads (NASDAQ:TEAD) had its price objective decreased by stock analysts at JMP Securities from $10.00 to $5.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. JMP Securities’ price objective points to a potential upside of 189.02% from the stock’s previous close.

Other analysts also recently issued reports about the company. Citigroup reduced their price objective on Teads from $3.90 to $3.40 and set a “neutral” rating on the stock in a research report on Tuesday, July 29th. Wall Street Zen upgraded Teads from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Needham & Company LLC reduced their target price on Teads from $5.00 to $3.50 and set a “buy” rating on the stock in a research report on Thursday.

Teads Trading Down 10.8%

TEAD opened at $1.73 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.29. The firm has a market cap of $163.14 million, a price-to-earnings ratio of -2.06 and a beta of 1.33. Teads has a one year low of $1.73 and a one year high of $7.87.

Teads (NASDAQ:TEAD) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.03. Teads had a negative return on equity of 5.14% and a negative net margin of 5.76%. The business had revenue of $144.17 million for the quarter, compared to the consensus estimate of $146.08 million.

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.