Overview
- Shares fell as much as 10.7% during Tuesday trading after KeyBanc cut its price target to $40 from $88 while maintaining an overweight rating.
- The stock is down roughly 78%–80% from its December 2024 peak near $141, recently trading in the high‑$20s to low‑$30s.
- The company terminated CFO Alex Kayyal after about five months, the second CFO exit in less than a year, and management reaffirmed fourth‑quarter guidance at the time.
- Bearish voices cite slowing digital ad spending and AI‑driven competition from larger platforms, with Jim Cramer calling the shares "not worth the risk."
- Supporters counter that revenue is still growing at a double‑digit pace and highlight roughly $1.4 billion in cash with no debt, arguing the selloff offers a buying opportunity.