Taboola.com (NASDAQ:TBLA) Lowered to “Buy” Rating by Wall Street Zen

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

TBLA has been the topic of a number of other research reports. Needham & Company LLC restated a “buy” rating and set a $4.50 price objective on shares of Taboola.com in a research note on Wednesday. Rosenblatt Securities boosted their price target on Taboola.com from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Taboola.com in a report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $5.00.

Taboola.com Trading Up 3.6%

NASDAQ TBLA opened at $3.17 on Friday. The firm has a market capitalization of $784.77 million, a price-to-earnings ratio of 21.13 and a beta of 1.29. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 1.06. Taboola.com has a one year low of $2.50 and a one year high of $4.65. The company’s 50 day moving average price is $3.92 and its 200 day moving average price is $3.70.

Taboola.com (NASDAQ:TBLA) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). Taboola.com had a return on equity of 11.84% and a net margin of 2.21%.The business had revenue of $522.31 million for the quarter, compared to analysts’ expectations of $537.80 million. During the same quarter in the prior year, the firm earned $0.10 earnings per share. Taboola.com’s quarterly revenue was up 6.4% compared to the same quarter last year.

Institutional Investors Weigh In On Taboola.com

Several hedge funds and other institutional investors have recently bought and sold shares of TBLA. Abacus Wealth Partners LLC purchased a new position in shares of Taboola.com during the 4th quarter valued at approximately $48,000. Headlands Technologies LLC acquired a new stake in Taboola.com in the second quarter valued at $43,000. DGS Capital Management LLC bought a new position in Taboola.com during the 4th quarter valued at $55,000. Quarry LP bought a new position in Taboola.com during the 3rd quarter valued at $42,000. Finally, Captrust Financial Advisors acquired a new position in Taboola.com during the 2nd quarter worth $46,000. 42.89% of the stock is currently owned by hedge funds and other institutional investors.

Taboola.com Company Profile

Taboola.com (NASDAQ: TBLA) operates a leading content discovery platform that connects advertisers with premium publishers through native advertising and personalized recommendations. The company’s technology analyzes user behavior and contextual information to deliver promoted content, video, and product recommendations to audiences across a network of thousands of websites and mobile apps. By leveraging machine learning and big data, Taboola helps publishers generate incremental revenue while enabling advertisers to reach engaged users at scale.

Taboola’s suite of products includes feed placements, video recommendations, and sponsored content units designed to blend seamlessly with editorial pages.