Taboola.com (NASDAQ:TBLA) Stock Rating Lowered by Rosenblatt Securities

Key Points

• Rosenblatt Securities downgraded Taboola from “buy” to “neutral” and set a $2.80 price target, implying just 2.19% upside from the prior close.
• Analyst views remain mixed: MarketBeat reports a “Moderate Buy” consensus and an average price target of $4.33, despite several firms trimming targets.
• Taboola shares were reported down 19.4%, opening at $2.74—near the 52-week low of $2.68.

Taboola.com (NASDAQ:TBLA - Get Free Report) was downgraded by research analysts at Rosenblatt Securities from a "buy" rating to a "neutral" rating in a report released on Thursday, Marketbeat reports. They currently have a $2.80 price objective on the stock. Rosenblatt Securities's price target would suggest a potential upside of 2.19% from the company's previous close.

Several other research firms have also commented on TBLA. Weiss Ratings lowered Taboola.com from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, October 12th. TD Cowen cut their target price on shares of Taboola.com from $6.00 to $5.00 and set a "buy" rating for the company in a report on Monday, August 10th. Benchmark decreased 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 note on Thursday, August 6th. Needham & Company LLC lowered their price target on shares of Taboola.com from $5.50 to $4.00 and set a "buy" rating on the stock in a report on Thursday. Finally, Wall Street Zen lowered shares of Taboola.com from a "strong-buy" rating to a "hold" rating in a research report on Saturday, August 8th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $4.33.

Taboola.com Stock Down 19.4%

Taboola.com stock opened at $2.74 on Thursday. The business's 50-day moving average price is $3.53 and its 200 day moving average price is $4.00. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.08. The firm has a market cap of $690.81 million, a price-to-earnings ratio of 6.85 and a beta of 1.48. Taboola.com has a 52 week low of $2.68 and a 52 week high of $5.71.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TBLA. Commonwealth Equity Services LLC purchased a new position in shares of Taboola.com during the 3rd quarter valued at approximately $128,000. Prescott Group Capital Management L.L.C. acquired a new position in Taboola.com during the third quarter worth $1,709,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Taboola.com during the third quarter worth $159,000. Aviance Capital Partners LLC purchased a new position in Taboola.com during the third quarter valued at $236,000. Finally, State of Wyoming lifted its holdings in Taboola.com by 76.3% during the third quarter. State of Wyoming now owns 121,914 shares of the company's stock valued at $410,000 after purchasing an additional 52,748 shares in the last quarter. 42.89% of the stock is owned by institutional investors and hedge funds.

Key Stories 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

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.

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