Outbrain price target lowered to $4.50 from $5 at B. Riley

B. Riley lowered the firm’s price target on Outbrain to $4.50 from $5 and keeps a Neutral rating on the shares. The company reported a mixed Q3 print and Q4 guide that implies a reduction to prior full-year ex-TAC gross profit expectations, which was the primary reason for the stock selloff, the analyst tells investors in a research note.