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Needham Sticks to Their Buy Rating for Outbrain (OB)

Needham analyst Laura Martin maintained a Buy rating on Outbrain (OBResearch Report) today and set a price target of $7.00. The company’s shares opened today at $6.35.

Martin covers the Technology sector, focusing on stocks such as Taboola.com, VIZIO Holding, and Perion Network. According to TipRanks, Martin has an average return of 4.6% and a 45.65% success rate on recommended stocks.

Currently, the analyst consensus on Outbrain is a Strong Buy with an average price target of $10.20.

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Based on Outbrain’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $254.22 million and a GAAP net loss of $1.89 million. In comparison, last year the company earned a revenue of $228.02 million and had a net profit of $10.75 million

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Outbrain Inc is a platform powering the open web that matches audiences with personalized content and ads, driving quality engagement. Its platform delivers ads to end-users that appear as links to articles, products, and videos on media partners’ sites. It derives revenue primarily from advertisers through user engagement with the ads that it places on media partners’ web pages and mobile applications. The company generates the vast majority of its revenues from Europe, the Middle East, and Africa followed by the USA and others.

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