Susquehanna Lowers Taboola.com (NASDAQ:TBLA) Price Target to $2.25

Taboola.com (NASDAQ:TBLAGet Rating) had its price objective cut by analysts at Susquehanna from $3.50 to $2.25 in a report released on Monday, The Fly reports. The firm currently has a “neutral” rating on the stock. Susquehanna’s target price would indicate a potential upside of 14.80% from the stock’s current price.

TBLA has been the subject of several other reports. Cowen lowered their target price on Taboola.com from $9.00 to $6.00 in a research report on Tuesday, November 8th. Credit Suisse Group lowered their price objective on Taboola.com from $7.00 to $5.00 and set an “outperform” rating for the company in a research report on Thursday, November 10th. JMP Securities cut their price objective on Taboola.com from $7.00 to $6.00 and set a “market outperform” rating on the stock in a research note on Thursday, November 10th. Needham & Company LLC decreased their target price on shares of Taboola.com from $5.00 to $2.50 and set a “buy” rating for the company in a research report on Thursday, November 10th. Finally, Cowen dropped their price target on shares of Taboola.com from $9.00 to $6.00 in a research report on Tuesday, November 8th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Taboola.com currently has a consensus rating of “Moderate Buy” and an average target price of $5.13.

Taboola.com Price Performance

TBLA stock opened at $1.96 on Monday. The company has a market capitalization of $458.70 million, a P/E ratio of -17.82 and a beta of 1.20. The company has a fifty day moving average price of $1.92 and a 200-day moving average price of $2.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.74 and a current ratio of 1.74. Taboola.com has a 52-week low of $1.52 and a 52-week high of $10.17.

Hedge Funds Weigh In On Taboola.com

A number of institutional investors and hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC acquired a new position in shares of Taboola.com during the 1st quarter valued at $36,000. Lazard Asset Management LLC acquired a new position in shares of Taboola.com during the first quarter valued at about $54,000. Quantbot Technologies LP bought a new position in shares of Taboola.com during the 1st quarter worth about $58,000. Fox Run Management L.L.C. acquired a new stake in shares of Taboola.com in the 1st quarter valued at about $62,000. Finally, McDonald Partners LLC bought a new stake in Taboola.com in the 1st quarter valued at about $66,000. 44.86% of the stock is currently owned by institutional investors.

Taboola.com Company Profile

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Taboola.com Ltd., together with its subsidiaries, operates an artificial intelligence-based algorithmic engine platform in Israel, the United Kingdom, the United States, Germany, France, and internationally. It offers Taboola, a platform that partners with websites, devices, and mobile apps to recommend editorial content and advertisements on the open web to users.

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