Needham & Company LLC Lowers Teads (NASDAQ:TEAD) Price Target to $1.00

Teads (NASDAQ:TEAD) had its target price reduced by investment analysts at Needham & Company LLC from $1.40 to $1.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price objective would suggest a potential upside of 44.91% from the company’s previous close.

TEAD has been the subject of a number of other reports. Wall Street Zen raised shares of Teads from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 6th. Weiss Ratings upgraded Teads from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, May 26th. Finally, Zacks Research downgraded Teads from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $1.00.

Teads Trading Down 0.8%

NASDAQ:TEAD opened at $0.69 on Thursday. The company has a market capitalization of $66.93 million, a PE ratio of -0.12 and a beta of 1.65. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 12.06. Teads has a 52-week low of $0.53 and a 52-week high of $2.00. The stock has a fifty day simple moving average of $0.96 and a 200-day simple moving average of $0.85.

Teads (NASDAQ:TEAD) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.41) EPS for the quarter. Teads had a negative net margin of 43.32% and a negative return on equity of 37.44%. The business had revenue of $284.59 million during the quarter.

Insider Transactions at Teads

In other Teads news, insider Mary Spilman purchased 105,000 shares of the stock in a transaction on Monday, May 18th. The stock was bought at an average price of $0.99 per share, for a total transaction of $103,950.00. Following the acquisition, the insider directly owned 1,505,000 shares of the company’s stock, valued at $1,489,950. This represents a 7.50% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders bought 151,500 shares of company stock valued at $157,125. 11.99% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Teads

A number of large investors have recently bought and sold shares of TEAD. Value Base Ltd. acquired a new stake in shares of Teads during the 4th quarter worth $4,049,000. BlackRock Inc. acquired a new position in Teads in the second quarter valued at $662,000. Geode Capital Management LLC acquired a new position in Teads in the fourth quarter valued at $602,000. State Street Corp purchased a new stake in Teads during the fourth quarter valued at about $483,000. Finally, GSA Capital Partners LLP purchased a new stake in Teads during the second quarter valued at about $430,000. Hedge funds and other institutional investors own 60.44% of the company’s stock.

Teads Company Profile

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.