Taboola.com (NASDAQ:TBLA) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of Taboola.com (NASDAQ:TBLA) from a buy rating to a hold rating in a research note published on Friday morning.

A number of other analysts have also commented on TBLA. Weiss Ratings reiterated a “hold (c)” rating on shares of Taboola.com in a research report on Saturday, September 27th. B. Riley lifted 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. Finally, Needham & Company LLC lifted 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. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Taboola.com has a consensus rating of “Moderate Buy” and a consensus price target of $4.50.

Taboola.com Price Performance

Shares of TBLA stock opened at $3.29 on Friday. The stock has a 50-day moving average price of $3.36 and a 200 day moving average price of $3.31. 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 firm has a market cap of $870.86 million, a price-to-earnings ratio of 82.25 and a beta of 1.27. Taboola.com has a 12 month low of $2.50 and a 12 month high of $4.30.

Insider Activity

In other news, Director Erez Shachar sold 27,000 shares of the business’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $3.38, for a total transaction of $91,260.00. Following the completion of the transaction, the director directly owned 218,827 shares in the company, valued at approximately $739,635.26. The trade was a 10.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 24.70% of the company’s stock.

Hedge Funds Weigh In On Taboola.com

Several institutional investors have recently modified their holdings of the stock. CWM LLC grew its position in shares of Taboola.com by 65.8% in the 1st quarter. CWM LLC now owns 11,348 shares of the company’s stock valued at $33,000 after purchasing an additional 4,502 shares during the period. Atria Wealth Solutions Inc. acquired a new position in shares of Taboola.com in the 2nd quarter valued at approximately $37,000. Pallas Capital Advisors LLC acquired a new position in shares of Taboola.com in the 2nd quarter valued at approximately $41,000. Headlands Technologies LLC acquired a new position in shares of Taboola.com in the 2nd quarter valued at approximately $43,000. Finally, Captrust Financial Advisors acquired a new position in shares of Taboola.com in the 2nd quarter valued at approximately $46,000. 42.89% of the stock is currently owned by institutional investors and hedge funds.

About Taboola.com

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.