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

Key Points

• Wall Street Zen downgraded Taboola.com from “strong buy” to “hold,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $6.00.
• Taboola reported quarterly EPS of $0.20, significantly beating the $0.01 loss analysts expected, while revenue rose 9.1% year over year to $466.39 million.
• Major shareholder Apollo Management sold 12 million shares for $52.8 million, reducing its position by nearly 40%; company insiders own 20.6% of the stock, while institutional investors own 42.89%.

Taboola.com (NASDAQ:TBLA - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "strong-buy" rating to a "hold" rating in a research report issued on Saturday.

A number of other research analysts have also recently weighed in on TBLA. Needham & Company LLC lifted their target price on shares of Taboola.com from $4.50 to $5.50 and gave the company a "buy" rating in a research note on Thursday, May 7th. Weiss Ratings upgraded Taboola.com from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday. Zacks Research lowered shares of Taboola.com from a "strong-buy" rating to a "hold" rating in a report on Monday, April 27th. Rosenblatt Securities reaffirmed a "buy" rating and set a $7.00 target price on shares of Taboola.com in a research note on Thursday. Finally, Benchmark reduced their price target on shares of Taboola.com from $6.50 to $5.50 and set a "buy" rating on the stock in a report on Thursday. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, Taboola.com has a consensus rating of "Moderate Buy" and an average price target of $6.00.

Taboola.com Stock Up 1.5%

TBLA stock opened at $4.10 on Friday. Taboola.com has a twelve month low of $2.84 and a twelve month high of $5.71. The company has a quick ratio of 1.13, a current ratio of 1.11 and a debt-to-equity ratio of 0.08. The stock has a market cap of $1.03 billion, a P/E ratio of 10.25 and a beta of 1.50. The business's 50-day moving average price is $4.94 and its 200-day moving average price is $4.18.

Taboola.com (NASDAQ:TBLA - Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.21. The company had revenue of $466.39 million during the quarter, compared to analyst estimates of $453.30 million. Taboola.com had a net margin of 6.05% and a return on equity of 12.15%. The firm's quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.03) EPS. On average, equities research analysts forecast that Taboola.com will post 0.41 EPS for the current year.

Insider Buying and Selling at Taboola.com

In other news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of the company's stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $4.40, for a total transaction of $52,800,000.00. Following the sale, the insider directly owned 18,039,644 shares in the company, valued at approximately $79,374,433.60. This represents a 39.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TBLA. LSV Asset Management grew its stake in Taboola.com by 31.5% in the 4th quarter. LSV Asset Management now owns 2,608,389 shares of the company's stock worth $12,025,000 after acquiring an additional 624,831 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of Taboola.com by 6.9% in the 3rd quarter. Bridgeway Capital Management LLC now owns 2,289,068 shares of the company's stock valued at $7,806,000 after purchasing an additional 147,920 shares in the last quarter. Bank of America Corp DE lifted its holdings in Taboola.com by 8.2% during the third quarter. Bank of America Corp DE now owns 2,149,621 shares of the company's stock worth $7,330,000 after buying an additional 163,605 shares during the period. Two Sigma Investments LP lifted its stake in shares of Taboola.com by 114.6% during the 3rd quarter. Two Sigma Investments LP now owns 2,005,558 shares of the company's stock worth $6,839,000 after purchasing an additional 1,070,864 shares during the last quarter. Finally, Globeflex Capital L P boosted its position in Taboola.com by 16.4% during the first quarter. Globeflex Capital L P now owns 1,907,015 shares of the company's stock valued at $5,912,000 after purchasing an additional 268,105 shares in the last quarter. Institutional investors own 42.89% of the company's stock.

Taboola.com Company Profile

Taboola.com NASDAQ: TBLA operates a leading content discovery platform that connects advertisers with premium publishers through native advertising and personalized recommendations. The company’s technology analyzes user behavior and contextual information to deliver promoted content, video, and product recommendations to audiences across a network of thousands of websites and mobile apps. By leveraging machine learning and big data, Taboola helps publishers generate incremental revenue while enabling advertisers to reach engaged users at scale.

Taboola’s suite of products includes feed placements, video recommendations, and sponsored content units designed to blend seamlessly with editorial pages.

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