TD Cowen Cuts Taboola.com (NASDAQ:TBLA) Price Target to $5.00

Taboola.com (NASDAQ:TBLA) had its price target lowered by TD Cowen from $6.00 to $5.00 in a research report released on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms have also weighed in on TBLA. Zacks Research lowered Taboola.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen lowered Taboola.com from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 8th. Benchmark decreased their target price on Taboola.com from $6.50 to $5.50 and set a “buy” rating for the company in a research note on Thursday, August 6th. Weiss Ratings raised Taboola.com from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. Finally, Needham & Company LLC boosted their price target on Taboola.com from $4.50 to $5.50 and gave the company a “buy” rating in a research note 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 stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.75.

Taboola.com Price Performance

TBLA stock opened at $3.88 on Monday. The firm has a market cap of $978.23 million, a price-to-earnings ratio of 9.70 and a beta of 1.50. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.08. Taboola.com has a 12-month low of $2.84 and a 12-month high of $5.71. The company’s fifty day simple moving average is $4.90 and its 200 day simple moving average is $4.18.

Insider Buying and Selling

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

Hedge Funds Weigh In On Taboola.com

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP bought a new stake in Taboola.com in the 3rd quarter valued at about $42,000. Headlands Technologies LLC acquired a new position in Taboola.com during the 2nd quarter worth approximately $43,000. Captrust Financial Advisors bought a new position in Taboola.com in the second quarter worth approximately $46,000. Abacus Wealth Partners LLC bought a new position in Taboola.com in the fourth quarter worth approximately $48,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Taboola.com in the third quarter valued at approximately $54,000. 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.