Teads (NASDAQ:TEAD) Trading Up 0.8% – What’s Next?

Shares of Teads Holding Co. (NASDAQ:TEAD) were up 0.8% during mid-day trading on Wednesday . The company traded as high as $0.4846 and last traded at $0.4607. Approximately 240,866 shares changed hands during trading, an increase of 29% from the average session volume of 187,308 shares. The stock had previously closed at $0.4570.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Wall Street Zen cut Teads from a “sell” rating to a “strong sell” rating in a report on Saturday, August 8th. Needham & Company LLC lowered their price target on Teads from $1.40 to $1.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Finally, Weiss Ratings lowered shares of Teads from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Teads presently has an average rating of “Hold” and an average target price of $1.00.

Teads Trading Down 5.0%

The stock’s 50-day moving average price is $0.65 and its 200 day moving average price is $0.82. The company has a debt-to-equity ratio of 82.60, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $50.99 million, a PE ratio of -0.09 and a beta of 1.63.

Teads (NASDAQ:TEAD) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.41) EPS for the quarter. Teads had a negative return on equity of 49.37% and a negative net margin of 43.32%.The firm had revenue of $284.59 million for the quarter.

Institutional Investors Weigh In On Teads

Hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC bought a new stake in Teads during the 2nd quarter valued at $37,000. Ieq Capital LLC bought a new stake in Teads during the second quarter valued at about $64,000. IA Venture Strategies Fund II LP purchased a new position in Teads in the fourth quarter valued at about $96,000. Partners Capital Investment Group LLP purchased a new stake in shares of Teads during the second quarter valued at about $161,000. Finally, Empowered Funds LLC boosted its holdings in shares of Teads by 6.0% in the 1st quarter. Empowered Funds LLC now owns 319,401 shares of the company’s stock valued at $210,000 after buying an additional 17,976 shares in the last quarter. Hedge funds and other institutional investors own 60.44% of the company’s stock.

About Teads

Teads (NASDAQ: TEAD) is a global advertising technology company that operates an omnichannel platform for advertisers, agencies and digital publishers. The company helps brands reach audiences across the open internet through premium media environments, using data, automation and creative tools to plan, deliver and measure advertising campaigns.

Teads’ solutions include video and display advertising, connected television, mobile and web placements, and commerce-oriented advertising formats.