Taboola.com (NASDAQ:TBLA) Cut to Neutral at Rosenblatt Securities

Taboola.com (NASDAQ:TBLA) was downgraded by equities researchers at Rosenblatt Securities from a “buy” rating to a “neutral” rating in a note issued to investors on Thursday, Marketbeat.com reports. They presently have a $2.80 target price on the stock. Rosenblatt Securities‘s price target would suggest a potential upside of 2.19% from the company’s previous close.

TBLA has been the subject of several other reports. Wall Street Zen downgraded Taboola.com from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 8th. TD Cowen lowered their target price on shares of Taboola.com from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. Weiss Ratings lowered shares of Taboola.com from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, October 12th. Benchmark reduced 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 report on Thursday, August 6th. Finally, Needham & Company LLC reduced their target price on shares of Taboola.com from $5.50 to $4.00 and set a “buy” rating for the company in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.33.

Taboola.com Stock Performance

NASDAQ TBLA opened at $2.74 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.11 and a quick ratio of 1.11. The stock’s 50 day simple moving average is $3.53 and its 200-day simple moving average is $4.00. The company has a market cap of $690.81 million, a PE ratio of 6.85 and a beta of 1.48. Taboola.com has a 1-year low of $2.68 and a 1-year high of $5.71.

Hedge Funds Weigh In On Taboola.com

Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp grew its holdings in Taboola.com by 355.0% during the 2nd quarter. State Street Corp now owns 3,944,961 shares of the company’s stock worth $19,725,000 after acquiring an additional 3,077,973 shares in the last quarter. Globeflex Capital L P acquired a new stake in shares of Taboola.com in the 2nd quarter valued at about $9,555,000. Arrowstreet Capital Limited Partnership grew its position in shares of Taboola.com by 14.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,719,172 shares of the company’s stock worth $5,329,000 after acquiring an additional 214,758 shares during the last quarter. Empowered Funds LLC increased its stake in Taboola.com by 3.9% in the first quarter. Empowered Funds LLC now owns 1,483,014 shares of the company’s stock valued at $4,597,000 after purchasing an additional 55,536 shares during the period. Finally, Lazard Asset Management LLC lifted its position in Taboola.com by 5.3% during the 1st quarter. Lazard Asset Management LLC now owns 1,311,639 shares of the company’s stock worth $4,066,000 after acquiring an additional 66,543 shares during the period. Hedge funds and other institutional investors own 42.89% of the company’s stock.

Key Headlines Impacting Taboola.com

Here are the key news stories impacting Taboola.com this week:

• Positive Sentiment: Taboola reported Q3 earnings per share of $0.14, up from $0.02 a year earlier. Adjusted EBITDA rose 16%, indicating improved profitability despite lower revenue. Article: Taboola Q3 results
• Positive Sentiment: Taboola said its full-page monetization product is live across NBCUniversal and Fox News Live, and it expects to complete its Dianomi acquisition before year-end—developments that could support its advertising business. Article: Taboola Q3 financial results
• Neutral Sentiment: For Q4, Taboola forecast revenue of $477 million to $493 million. The range provides investors with a near-term sales target, though the cited reports do not establish how it compares with market expectations. Article: Taboola Q4 revenue outlook
• Negative Sentiment: Q3 revenue was $462.3 million, below analyst estimates of about $466.3 million and 7% lower than a year earlier. The sales shortfall and year-over-year decline are likely weighing on sentiment, despite the earnings-per-share improvement. Article: Why Taboola stock is down

About Taboola.com

Taboola.com Ltd. is a technology company that operates a digital advertising and content-discovery platform. Its technology uses data and machine learning to recommend articles, videos, products and other content to users across publisher websites, mobile applications and digital devices.

Taboola provides publishers with tools to increase audience engagement and generate revenue, including recommendation modules, personalized content feeds, video solutions and commerce-related discovery products.