Taboola.com (NASDAQ:TBLA) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Taboola.com (NASDAQ:TBLA) from a strong-buy rating to a hold rating in a research note issued to investors on Saturday morning.

Several other analysts also recently weighed in on TBLA. TD Cowen boosted their price objective on shares of Taboola.com from $4.00 to $6.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Weiss Ratings upgraded shares of Taboola.com from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. Needham & Company LLC boosted 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. Zacks Research downgraded shares of Taboola.com from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Benchmark decreased 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 note on Thursday. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Taboola.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.00.

Taboola.com Stock Up 1.5%

Taboola.com stock opened at $4.10 on Friday. The stock has a market cap of $1.03 billion, a PE ratio of 10.25 and a beta of 1.50. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.11 and a quick ratio of 1.13. The stock’s fifty day moving average is $4.94 and its two-hundred day moving average is $4.18. Taboola.com has a 1-year low of $2.84 and a 1-year high of $5.71.

Taboola.com (NASDAQ:TBLA) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.21. The business had revenue of $466.39 million for the quarter, compared to the consensus estimate of $453.30 million. Taboola.com had a return on equity of 12.15% and a net margin of 6.05%.The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.03) EPS. On average, sell-side analysts expect that Taboola.com will post 0.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other Taboola.com news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of Taboola.com stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $4.40, for a total value of $52,800,000.00. Following the transaction, the insider directly owned 18,039,644 shares in the company, valued at approximately $79,374,433.60. This trade represents a 39.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 20.60% of the company’s stock.

Institutional Investors Weigh In On Taboola.com

Several hedge funds have recently modified their holdings of TBLA. Quarry LP acquired a new position in Taboola.com in the 3rd quarter valued at $42,000. Headlands Technologies LLC acquired a new stake in shares of Taboola.com in the 2nd quarter worth $43,000. Captrust Financial Advisors acquired a new stake in shares of Taboola.com in the 2nd quarter worth $46,000. Abacus Wealth Partners LLC purchased a new stake in shares of Taboola.com in the fourth quarter valued at about $48,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of Taboola.com in the third quarter valued at about $54,000. 42.89% of the stock is owned by institutional investors and hedge funds.

About Taboola.com

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.