Taboola.com (NASDAQ:TBLA) Rating Lowered to “Hold” at Stonex Financial

Taboola.com (NASDAQ:TBLA) was downgraded by stock analysts at Stonex Financial from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday, Zacks reports.

TBLA has been the topic of several other reports. TD Cowen dropped their price objective 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 downgraded shares of Taboola.com from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, October 12th. Wall Street Zen lowered shares of Taboola.com from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 8th. Rosenblatt Securities cut shares of Taboola.com from a “buy” rating to a “neutral” rating and set a $2.80 price target for the company. in a report on Thursday. Finally, Benchmark reduced their price objective 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. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $4.33.

Taboola.com Stock Performance

Shares of Taboola.com stock traded down $0.17 during trading hours on Thursday, hitting $2.00. 3,750,586 shares of the company were exchanged, compared to its average volume of 1,526,867. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.08. The business has a 50-day moving average of $3.46 and a 200-day moving average of $3.97. Taboola.com has a 1 year low of $1.99 and a 1 year high of $5.71. The stock has a market capitalization of $504.24 million, a price-to-earnings ratio of 4.55 and a beta of 1.48.

Institutional Trading of Taboola.com

Several hedge funds and other institutional investors have recently made changes to their positions in TBLA. Integrated Wealth Concepts LLC acquired a new position in Taboola.com during the second quarter worth about $26,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Taboola.com during the 2nd quarter worth approximately $50,000. State of Alaska Department of Revenue purchased a new stake in shares of Taboola.com during the 3rd quarter worth approximately $33,000. Corient Private Wealth LP acquired a new stake in shares of Taboola.com in the 2nd quarter worth approximately $69,000. Finally, AXQ Capital LP acquired a new stake in shares of Taboola.com in the 2nd quarter worth approximately $100,000. Institutional investors and hedge funds own 42.89% of the company’s stock.

More Taboola.com News

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

• Positive Sentiment: Taboola reported third-quarter revenue of $462.3 million, while adjusted EBITDA increased 16%. The company also cited expansion of publisher partnerships. Taboola reports Q3 revenue and adjusted EBITDA growth
• Positive Sentiment: Taboola forecast fourth-quarter revenue of $477 million to $493 million, indicating it expects revenue to rise from the third-quarter level. Taboola Q4 revenue outlook
• Neutral Sentiment: Needham lowered its price target to $4 from $5.50 but maintained a Buy rating. Rosenblatt cut its rating to Neutral from Buy, while setting a $2.80 target. Analyst ratings and price targets
• Negative Sentiment: Stonex Financial downgraded Taboola from Strong Buy to Hold, adding to concerns about analyst sentiment and potentially contributing to pressure on the shares. Stonex Financial recommendations

Taboola.com Company Profile

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.