Citigroup Issues Pessimistic Forecast for Teads (NASDAQ:TEAD) Stock Price

Teads (NASDAQ:TEAD) had its target price lowered by Citigroup from $3.90 to $3.40 in a research note issued to investors on Tuesday morning,Benzinga reports. Citigroup currently has a neutral rating on the stock.

Separately, Wall Street Zen downgraded Teads from a “hold” rating to a “sell” rating in a research report on Saturday, June 14th.

Teads Stock Performance

Shares of TEAD opened at $2.73 on Tuesday. Teads has a 1 year low of $2.32 and a 1 year high of $7.87. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.29. The stock has a market cap of $257.44 million, a PE ratio of -3.74 and a beta of 1.32.

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.