Taboola.com (NASDAQ:TBLA) Stock Rating Lowered by Wall Street Zen

Key Points

• Taboola.com (NASDAQ:TBLA) has been downgraded from a "buy" rating to a "hold" rating by Wall Street Zen, amid mixed ratings from other brokerages.
• The company's stock opened at $3.40 and has shown fluctuations with a 52-week low of $2.50 and a high of $4.30, currently sitting at a market cap of approximately $900 million.
• Insider activity includes COO Eldad Maniv selling 20,083 shares for approximately $75,311, reducing his ownership stake in the company slightly to 10.87 million shares.

Taboola.com (NASDAQ:TBLA - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Friday.

Several other research firms have also recently commented on TBLA. Needham & Company LLC raised their target price on shares of Taboola.com from $3.34 to $4.50 and gave the stock a "buy" rating in a research report on Tuesday, June 17th. B. Riley raised their target price on shares of Taboola.com from $4.00 to $4.50 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Finally, Benchmark dropped their target price on shares of Taboola.com from $4.50 to $4.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Taboola.com has a consensus rating of "Moderate Buy" and a consensus target price of $4.50.

Taboola.com Trading Down 0.9%

Shares of NASDAQ:TBLA traded down $0.03 on Friday, hitting $3.35. The company had a trading volume of 1,658,145 shares, compared to its average volume of 1,342,404. The firm's 50-day simple moving average is $3.44 and its two-hundred day simple moving average is $3.29. Taboola.com has a 1 year low of $2.50 and a 1 year high of $4.30. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $886.75 million, a price-to-earnings ratio of 83.75 and a beta of 1.27.

Insider Activity

In related news, COO Eldad Maniv sold 20,083 shares of the stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $3.75, for a total value of $75,311.25. Following the completion of the transaction, the chief operating officer directly owned 10,872,377 shares in the company, valued at $40,771,413.75. This trade represents a 0.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 24.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Headlands Technologies LLC bought a new position in shares of Taboola.com in the 2nd quarter worth about $43,000. Corient Private Wealth LLC bought a new position in shares of Taboola.com in the 2nd quarter worth about $405,000. Captrust Financial Advisors bought a new position in shares of Taboola.com in the 2nd quarter worth about $46,000. Tidal Investments LLC increased its stake in Taboola.com by 11.2% during the 2nd quarter. Tidal Investments LLC now owns 175,571 shares of the company's stock valued at $643,000 after purchasing an additional 17,619 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in Taboola.com by 89.1% during the 2nd quarter. Lazard Asset Management LLC now owns 803,625 shares of the company's stock valued at $2,941,000 after purchasing an additional 378,663 shares in the last quarter. 42.89% of the stock is currently owned by institutional investors.

Taboola.com Company Profile

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.