Taboola.com (NASDAQ:TBLA) Stock Rating Lowered by Wall Street Zen

Taboola.com (NASDAQ:TBLA) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “hold” rating in a report issued on Saturday.

A number of other analysts also recently weighed in on TBLA. TD Cowen increased their target price on shares of Taboola.com from $4.00 to $6.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Zacks Research lowered shares of Taboola.com from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Rosenblatt Securities reiterated a “buy” rating and set a $7.00 price objective on shares of Taboola.com in a research report on Thursday. Benchmark lowered their target price on shares of Taboola.com from $6.50 to $5.50 and set a “buy” rating for the company in a research note on Thursday. Finally, Needham & Company LLC upped their price target on shares of Taboola.com from $4.50 to $5.50 and gave the company a “buy” rating in a research report on Thursday, May 7th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.00.

Taboola.com Price Performance

NASDAQ:TBLA opened at $4.10 on Friday. The firm’s 50 day simple moving average is $4.94 and its 200 day simple moving average is $4.18. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.11 and a quick ratio of 1.11. Taboola.com has a one year low of $2.84 and a one year high of $5.71. The company has a market cap of $1.03 billion, a PE ratio of 10.25 and a beta of 1.50.

Insider Buying and Selling

In other Taboola.com news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $4.40, for a total transaction of $52,800,000.00. Following the transaction, the insider owned 18,039,644 shares in the company, valued at approximately $79,374,433.60. This represents a 39.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 20.60% of the company’s stock.

Hedge Funds Weigh In On Taboola.com

Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its holdings in shares of Taboola.com by 31.5% in the 1st quarter. SG Americas Securities LLC now owns 23,125 shares of the company’s stock worth $72,000 after purchasing an additional 5,546 shares during the period. LPL Financial LLC grew its holdings in Taboola.com by 25.8% during the fourth quarter. LPL Financial LLC now owns 28,308 shares of the company’s stock valued at $130,000 after purchasing an additional 5,814 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in Taboola.com by 27.7% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 29,074 shares of the company’s stock valued at $145,000 after purchasing an additional 6,302 shares during the period. Russell Investments Group Ltd. increased its position in Taboola.com by 20.1% in the third quarter. Russell Investments Group Ltd. now owns 50,827 shares of the company’s stock worth $176,000 after buying an additional 8,500 shares during the last quarter. Finally, CWM LLC increased its position in Taboola.com by 25.5% in the fourth quarter. CWM LLC now owns 42,061 shares of the company’s stock worth $194,000 after buying an additional 8,558 shares during the last quarter. Institutional investors own 42.89% of the company’s stock.

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.