Taboola.com Ltd. (TBLA) - What Are Analysts Saying About This Stock?

Key Points

• Analyst consensus is Hold: Four of seven covering brokerages rate Taboola.com shares Hold and three rate them Buy; the average 12-month price target is $4.33.
• Some analysts have turned more cautious or reduced targets: TD Cowen cut its target to $5 from $6, while Needham lowered its target to $4 from $5.50, though both maintained Buy ratings.
• Shares traded at $2.23, near their one-year low of $1.92 and below their 50-day and 200-day averages. Institutional investors own about 42.9% of the stock.

Shares of Taboola.com Ltd. (NASDAQ:TBLA - Get Free Report) have been assigned an average rating of "Hold" from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $4.33.

A number of analysts have issued reports on the stock. Stonex Financial downgraded shares of Taboola.com from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 5th. Weiss Ratings lowered Taboola.com from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, October 12th. TD Cowen dropped their price target on Taboola.com from $6.00 to $5.00 and set a "buy" rating for the company in a research note on Monday, August 10th. Needham & Company LLC cut their price objective on shares of Taboola.com from $5.50 to $4.00 and set a "buy" rating for the company in a research report on Thursday, November 5th. Finally, Wall Street Zen downgraded shares of Taboola.com from a "strong-buy" rating to a "hold" rating in a research note on Saturday, August 8th.

Taboola.com Stock Performance

TBLA traded up $0.10 during trading on Friday, hitting $2.23. The stock had a trading volume of 2,209,741 shares, compared to its average volume of 2,272,458. The company has a 50 day moving average price of $3.30 and a 200-day moving average price of $3.92. The firm has a market cap of $553.55 million, a price-to-earnings ratio of 5.07 and a beta of 1.48. Taboola.com has a one year low of $1.92 and a one year high of $5.71. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.09 and a quick ratio of 1.09.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of Taboola.com by 355.0% in the second quarter. State Street Corp now owns 3,944,961 shares of the company's stock valued at $19,725,000 after purchasing an additional 3,077,973 shares during the period. Globeflex Capital L P bought a new position in shares of Taboola.com in the second quarter worth $9,555,000. Empowered Funds LLC bought a new stake in shares of Taboola.com during the 3rd quarter valued at $5,681,000. Creek Drive Management Group LLC grew its holdings in Taboola.com by 936.4% during the 3rd quarter. Creek Drive Management Group LLC now owns 1,036,445 shares of the company's stock valued at $3,482,000 after buying an additional 936,445 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. bought a new position in shares of Taboola.com in the third quarter valued at approximately $1,709,000. 42.89% of the stock is currently owned by institutional investors and hedge funds.

About Taboola.com

Taboola.com Ltd. operates a digital advertising and content-discovery platform that connects advertisers with audiences across websites, apps and other digital properties. Its technology recommends sponsored content and advertising based on users' interests and activity. The company's platform helps publishers and other digital media businesses engage audiences and generate revenue, while giving advertisers tools to promote products and services and reach potential customers. Taboola serves clients and audiences internationally.

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