Teads (NASDAQ:TEAD) Announces Quarterly Earnings Results

Teads (NASDAQ:TEAD - Get Free Report) released its earnings results on Thursday. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.02), Zacks reports. The firm had revenue of $318.77 million during the quarter. Teads had a negative net margin of 5.76% and a negative return on equity of 4.37%.

Teads Stock Down 45.9%

NASDAQ TEAD traded down $0.68 during trading hours on Thursday, reaching $0.79. The company's stock had a trading volume of 7,230,547 shares, compared to its average volume of 358,496. The company's fifty day simple moving average is $1.59. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.10 and a quick ratio of 1.10. Teads has a 52 week low of $0.72 and a 52 week high of $7.87.

Analyst Ratings Changes

TEAD has been the topic of several research reports. Wall Street Zen upgraded Teads from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Needham & Company LLC lowered their price target on shares of Teads from $5.00 to $3.50 and set a "buy" rating on the stock in a research note on Thursday, August 7th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Teads in a research note on Wednesday, October 8th. JMP Securities lowered their price target on shares of Teads from $10.00 to $5.00 and set a "market outperform" rating on the stock in a research note on Friday, August 8th. Finally, Citigroup lowered their price target on shares of Teads from $3.90 to $3.40 and set a "neutral" rating on the stock in a research note on Tuesday, July 29th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $3.97.

Check Out Our Latest Stock Analysis on Teads

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.

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