Taboola.com (NASDAQ:TBLA) Downgraded by Wall Street Zen to "Hold"

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 stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Friday.

Several other brokerages also recently commented on TBLA. Needham & Company LLC increased their price objective on Taboola.com from $3.34 to $4.50 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. B. Riley increased their price objective on Taboola.com from $4.00 to $4.50 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Finally, Benchmark lowered their price objective on Taboola.com from $4.50 to $4.00 and set a "buy" rating for the company in a research note 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $4.50.

Taboola.com Stock Up 4.3%

TBLA stock opened at $3.40 on Friday. The stock's 50 day simple moving average is $3.47 and its 200 day simple moving average is $3.30. Taboola.com has a fifty-two week low of $2.50 and a fifty-two week high of $4.30. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.07 and a current ratio of 1.08. The company has a market cap of $899.98 million, a P/E ratio of 85.00 and a beta of 1.27.

Insider Activity at Taboola.com

In other news, COO Eldad Maniv sold 20,083 shares of Taboola.com stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $3.75, for a total transaction of $75,311.25. Following the completion of the sale, the chief operating officer directly owned 10,872,377 shares in the company, valued at approximately $40,771,413.75. The trade was a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 24.70% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in Taboola.com in the second quarter valued at $43,000. Corient Private Wealth LLC acquired a new stake in shares of Taboola.com in the second quarter valued at about $405,000. Captrust Financial Advisors acquired a new stake in shares of Taboola.com in the second quarter valued at about $46,000. Tidal Investments LLC grew its position in shares of Taboola.com by 11.2% in the second 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 during the period. Finally, Lazard Asset Management LLC grew its position in shares of Taboola.com by 89.1% in the second 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 during the period. Hedge funds and other institutional investors own 42.89% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.