Needham & Company LLC Raises Teads (NASDAQ:TEAD) Price Target to $1.40

Teads (NASDAQ:TEAD) had its price target hoisted by analysts at Needham & Company LLC from $1.00 to $1.40 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price target suggests a potential upside of 18.64% from the company’s current price.

TEAD has been the topic of a number of other research reports. Weiss Ratings upgraded Teads from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, May 26th. Zacks Research lowered shares of Teads from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, Wall Street Zen upgraded Teads from a “strong sell” rating to a “sell” rating in a report on Saturday. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $3.27.

Teads Stock Up 3.5%

Shares of NASDAQ TEAD opened at $1.18 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 12.06. The company has a market cap of $114.45 million, a P/E ratio of -0.23 and a beta of 1.60. Teads has a 52 week low of $0.53 and a 52 week high of $3.13. The business has a 50-day simple moving average of $0.92 and a two-hundred day simple moving average of $0.78.

Teads (NASDAQ:TEAD) last posted its earnings results on Thursday, May 7th. The company reported ($0.38) earnings per share for the quarter. Teads had a negative return on equity of 17.58% and a negative net margin of 39.14%.The firm had revenue of $265.98 million for the quarter.

Insider Activity at Teads

In related news, insider Mary Spilman acquired 105,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was purchased at an average cost of $0.99 per share, with a total value of $103,950.00. Following the completion of the acquisition, the insider directly owned 1,505,000 shares of the company’s stock, valued at approximately $1,489,950. This trade represents a 7.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have purchased 151,500 shares of company stock valued at $157,125 in the last three months. Insiders own 11.99% of the company’s stock.

Institutional Investors Weigh In On Teads

A number of large investors have recently added to or reduced their stakes in TEAD. CastleKnight Management LP bought a new position in shares of Teads during the 4th quarter valued at $25,000. Verition Fund Management LLC purchased a new stake in Teads during the fourth quarter valued at $25,000. Wells Fargo & Company MN purchased a new stake in Teads during the fourth quarter valued at $29,000. Hsbc Holdings PLC bought a new position in Teads in the fourth quarter valued at about $35,000. Finally, Dimensional Fund Advisors LP purchased a new position in Teads in the fourth quarter worth about $37,000. Institutional investors own 60.44% of the company’s stock.

About Teads

Teads is a global digital media platform specializing in outstream video advertising and high-impact display formats. Founded in 2007 and listed on the Nasdaq under the ticker TEAD, the company connects advertisers, agencies and publishers through a programmatic marketplace designed to maximize brand engagement across desktop, mobile and connected TV. Teads offers proprietary ad formats such as inRead, outstream expansion units and seamless mobile placements that activate only when visible to the user, helping clients optimize viewability and attention metrics without relying on traditional pre-roll or banner placements.

The Teads platform leverages data-driven targeting and machine learning to serve personalized creative in real time.