Taboola.com (NASDAQ:TBLA) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• Taboola.com (NASDAQ: TBLA) received a "Hold (C)" rating from Weiss Ratings, as well as multiple other ratings adjustments from various analysts in recent weeks.
• The company has a current market capitalization of $847.06 million, with an average price target of $4.50 following updates from several research firms.
• Notable insider transactions include Director Erez Shachar selling 27,000 shares at an average price of $3.38, reducing his ownership by approximately 10.98%.

Taboola.com (NASDAQ:TBLA - Get Free Report)'s stock had its "hold (c)" rating restated by Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

TBLA has been the topic of several other research reports. Wall Street Zen lowered shares of Taboola.com from a "buy" rating to a "hold" rating in a research note on Friday, October 3rd. BTIG Research initiated coverage on shares of Taboola.com in a research note on Tuesday. They set a "neutral" rating on the stock. Needham & Company LLC raised their price objective on shares of Taboola.com from $3.34 to $4.50 and gave the company a "buy" rating in a research note on Tuesday, June 17th. Finally, B. Riley raised their price objective on shares of Taboola.com from $4.00 to $4.50 and gave the company a "buy" rating in a research note on Thursday, August 7th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $4.50.

Taboola.com Price Performance

Shares of NASDAQ:TBLA opened at $3.20 on Wednesday. The firm's 50 day moving average is $3.36 and its two-hundred day moving average is $3.32. Taboola.com has a 52 week low of $2.50 and a 52 week high of $4.30. The firm has a market capitalization of $847.06 million, a P/E ratio of 80.00 and a beta of 1.27. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.10.

Insider Transactions at Taboola.com

In other Taboola.com news, Director Erez Shachar sold 27,000 shares of Taboola.com stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $3.38, for a total value of $91,260.00. Following the transaction, the director owned 218,827 shares in the company, valued at approximately $739,635.26. The trade was a 10.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 24.70% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Atria Wealth Solutions Inc. acquired a new position in Taboola.com in the second quarter worth approximately $37,000. Pallas Capital Advisors LLC acquired a new position in Taboola.com in the second quarter worth approximately $41,000. CWM LLC grew its position in Taboola.com by 65.8% in the first quarter. CWM LLC now owns 11,348 shares of the company's stock worth $33,000 after buying an additional 4,502 shares during the last quarter. Headlands Technologies LLC acquired a new position in Taboola.com in the second quarter worth approximately $43,000. Finally, Captrust Financial Advisors acquired a new position in Taboola.com in the 2nd quarter worth approximately $46,000. Institutional investors and hedge funds own 42.89% of the company's stock.

About Taboola.com

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.

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