JMP Securities Reiterates Market Outperform on Outbrain, Maintains $8 Price Target in 2023.
March 22, 2023
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JMP Securities has recently reaffirmed their Market Outperform rating for Outbrain Inc ($NASDAQ:OB)., an advertising technology company. Despite the volatile economic climate, JMP Securities remains confident in Outbrain’s future and has kept their $8 price target for the company for the year 2023. Outbrain Inc. provides advanced content discovery solutions to its clients, enabling them to reach the right audience segment and generate higher ROI. It operates across a suite of discovery products such as sponsored content, native display ads, and video. With its cutting-edge products and services, Outbrain has helped its clients to increase their reach and engagement levels significantly. JMP Securities believes that Outbrain’s strong fundamentals and growth potential make it a good long-term investment.
The firm expects Outbrain to continue to expand its market share and capitalize on the growing demand for content discovery solutions. Moreover, the firm noted that Outbrain’s existing partnerships with leading companies like Facebook and Google give it a competitive edge in the industry. Overall, JMP Securities is bullish on Outbrain and its future prospects. The firm believes that the company is well-positioned to capitalize on the growth opportunities in the industry and maintains its Market Outperform rating with a price target of $8 for the year 2023.
Stock Price
JMP Securities recently reiterated their Market Outperform rating on OUTBRAIN INC stock with a price target of $8 in 2023. The news has been predominantly positive for the company, as evidenced by its stock performance on Thursday. The stock opened at $4.1 and closed at $4.2, representing a 0.7% increase from the previous closing price of $4.2.
This uptick in the share price bodes well for investors who are considering investing in the company. It is also a sign that the market is bullish on the stock, especially given the positive outlook laid out by JMP Securities. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Outbrain Inc. More…
| Total Revenues | Net Income | Net Margin |
| 992.08 | -24.58 | -2.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Outbrain Inc. More…
| Operations | Investing | Financing |
| 3.81 | -317.9 | -31.7 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Outbrain Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 781.15 | 563.36 | 4.17 |
Key Ratios Snapshot
Some of the financial key ratios for Outbrain Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.0% | – | -1.1% |
| FCF Margin | ROE | ROA |
| -2.2% | -3.1% | -0.9% |
Analysis
At GoodWhale, we’ve completed an in-depth analysis of the wellbeing of OUTBRAIN INC. Our Risk Rating measures financial and business aspects and has determined that OUTBRAIN INC is a medium risk investment. We’ve identified two risk warnings in OUTBRAIN INC’s cashflow statement and financial journal. To see these warnings, be sure to register with GoodWhale. Our risk rating and analysis will help you make an informed decision about your investment. More…
Peers
Headquartered in New York City, the company was founded in 2006 by Yaron Galai and Ori Lahav. Outbrain operates in 55 countries and is a publicly traded company listed on the Nasdaq Stock Exchange. Outbrain’s primary competitors are Phoenix New Media Ltd, Magmag Inc, and JOYY Inc. all of which are based in China.
– Phoenix New Media Ltd ($NYSE:FENG)
Phoenix New Media Ltd is a leading new media company in China. The Company provides content on an integrated platform across Internet, mobile and TV devices. It offers a selection of professional media and user-generated content, including news, sports, entertainment, lifestyle and other content, to consumers in China. The Company also operates an online advertising network.
– Magmag Inc ($TSE:4059)
Magmag Inc. is a publicly traded company with a market capitalization of 1.72 billion as of 2022. The company has a return on equity of 1.64%. Magmag is a leading provider of magnesium products and services. The company’s products are used in a variety of industries, including automotive, aerospace, and construction. Magmag’s products are sold to customers in more than 50 countries around the world.
– JOYY Inc ($NASDAQ:YY)
JOYY Inc. is a leading live streaming and social media platform in China. The company has a market cap of 1.99B as of 2022 and a Return on Equity of 1.9%. JOYY Inc. operates two popular live streaming platforms in China, YY Live and Bigo Live. YY Live is one of the largest live streaming platforms in China with over 100 million monthly active users. Bigo Live is a leading live streaming platform for gamers and young people with over 50 million monthly active users.
Summary
Outbrain Inc is an online content discovery provider, and its stock has been performing well recently. Recently, JMP Securities reaffirmed their Market Outperform rating for the company and maintained their price target at $8 for 2023. This positive sentiment has helped the stock to remain strong and is likely to continue going forward.
Analysts believe that Outbrain’s business model and innovative product offerings will enable them to maintain a competitive edge in the online content discovery segment, allowing them to generate positive financial performance in the long-term. Investors should keep an eye on Outbrain’s performance, as it could be a great opportunity for investors looking for long-term returns.
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