Wall Street Zen Downgrades Taboola.com (NASDAQ:TBLA) to Hold

Taboola.com (NASDAQ:TBLA) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Several other equities analysts also recently issued reports on TBLA. Weiss Ratings reiterated a “hold (c)” rating on shares of Taboola.com in a research report on Saturday, September 27th. Needham & Company LLC boosted their price objective on Taboola.com from $3.34 to $4.50 and gave the stock a “buy” rating in a research report on Tuesday, June 17th. Finally, B. Riley boosted their price objective on Taboola.com from $4.00 to $4.50 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $4.50.

Taboola.com Stock Performance

Shares of TBLA stock opened at $3.29 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average of $3.36 and a two-hundred day moving average of $3.31. Taboola.com has a 52 week low of $2.50 and a 52 week high of $4.30. The company has a market cap of $870.86 million, a P/E ratio of 82.25 and a beta of 1.27.

Insider Activity

In other Taboola.com news, Director Erez Shachar sold 27,000 shares of the company’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $3.38, for a total value of $91,260.00. Following the transaction, the director owned 218,827 shares of the company’s stock, valued at approximately $739,635.26. This represents a 10.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 24.70% of the company’s stock.

Institutional Trading of Taboola.com

Several large investors have recently added to or reduced their stakes in the company. Corient Private Wealth LLC acquired a new stake in Taboola.com during the 2nd quarter valued at $203,000. Headlands Technologies LLC acquired a new stake in Taboola.com during the 2nd quarter valued at $43,000. Captrust Financial Advisors acquired a new stake in Taboola.com during the 2nd quarter valued at $46,000. Tidal Investments LLC raised its stake in Taboola.com by 11.2% during the 2nd quarter. Tidal Investments LLC now owns 175,571 shares of the company’s stock valued at $643,000 after purchasing an additional 17,619 shares during the period. Finally, Lazard Asset Management LLC raised its stake in Taboola.com by 89.1% during the 2nd quarter. Lazard Asset Management LLC now owns 803,625 shares of the company’s stock valued at $2,941,000 after purchasing an additional 378,663 shares during the period. 42.89% of the stock is owned by institutional investors and hedge funds.

Taboola.com Company Profile

Taboola.com Ltd., together with its subsidiaries, operates an artificial intelligence-based algorithmic engine platform in Israel, the United States, the United Kingdom, Germany, 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.