Teads (NASDAQ:TEAD) Releases Earnings Results, Misses Expectations By $0.02 EPS

Teads (NASDAQ:TEAD) posted its quarterly earnings data on Thursday. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.02), Zacks reports. The company had revenue of $318.77 million for the quarter. Teads had a negative net margin of 5.76% and a negative return on equity of 4.37%.

Teads Price Performance

Shares of TEAD stock traded down $0.05 on Friday, hitting $0.75. 1,304,252 shares of the stock traded hands, compared to its average volume of 446,238. The stock has a market cap of $70.80 million, a price-to-earnings ratio of -0.89 and a beta of 1.28. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.13. The business has a 50 day moving average price of $1.59. Teads has a 52 week low of $0.70 and a 52 week high of $7.87.

Analyst Ratings Changes

Several equities analysts recently issued reports on TEAD shares. Citizens Jmp restated a “market perform” rating on shares of Teads in a research report on Friday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Teads in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Teads from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Needham & Company LLC cut their price objective on Teads from $3.50 to $1.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Citigroup reduced their target price on Teads from $3.90 to $3.40 and set a “neutral” rating on the stock in a report on Tuesday, July 29th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Teads has an average rating of “Hold” and a consensus price target of $3.13.

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.