Taboola.com’s (TBLA) “Hold (C)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their hold (c) rating on shares of Taboola.com (NASDAQ:TBLA) in a research report report published on Wednesday,Weiss Ratings reports.

Other research analysts have also recently issued reports about the stock. BTIG Research began coverage on shares of Taboola.com in a report on Tuesday. They set a “neutral” rating on the stock. Needham & Company LLC upped their price objective on Taboola.com from $3.34 to $4.50 and gave the stock a “buy” rating in a research note on Tuesday, June 17th. B. Riley upped their price objective on Taboola.com from $4.00 to $4.50 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Finally, Wall Street Zen cut Taboola.com from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $4.50.

Taboola.com Stock Down 2.8%

Shares of Taboola.com stock opened at $3.09 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 1.07. Taboola.com has a 1 year low of $2.50 and a 1 year high of $4.30. The firm’s 50-day moving average is $3.35 and its two-hundred day moving average is $3.32. The stock has a market cap of $817.92 million, a price-to-earnings ratio of 77.25 and a beta of 1.27.

Insider Buying and Selling at Taboola.com

In other Taboola.com news, Director Erez Shachar sold 27,000 shares of the stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $3.38, for a total value of $91,260.00. Following the completion of the sale, the director directly owned 218,827 shares in the company, valued at approximately $739,635.26. This trade represents a 10.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 24.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Taboola.com

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Atria Wealth Solutions Inc. purchased a new stake in Taboola.com in the second quarter valued at about $37,000. Pallas Capital Advisors LLC purchased a new stake in Taboola.com in the second quarter valued at about $41,000. CWM LLC raised its stake in Taboola.com by 65.8% in the first quarter. CWM LLC now owns 11,348 shares of the company’s stock valued at $33,000 after buying an additional 4,502 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Taboola.com in the second quarter valued at about $43,000. Finally, Captrust Financial Advisors purchased a new stake in Taboola.com in the second quarter valued at about $46,000. 42.89% of the stock is currently owned by hedge funds and other institutional investors.

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.