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 note issued on Friday.
Other analysts also recently issued reports about the company. Needham & Company LLC raised their target price on Taboola.com from $3.34 to $4.50 and gave the company a "buy" rating in a research note on Tuesday, June 17th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Taboola.com in a research report on Saturday, September 27th. Finally, B. Riley raised their price target on shares of Taboola.com from $4.00 to $4.50 and gave the company a "buy" rating in a research report on Thursday, August 7th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Taboola.com currently has a consensus rating of "Moderate Buy" and a consensus target price of $4.50.
Check Out Our Latest Stock Analysis on TBLA
Taboola.com Stock Down 1.2%
Shares of TBLA traded down $0.04 during trading hours on Friday, hitting $3.29. The stock had a trading volume of 966,814 shares, compared to its average volume of 1,137,148. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 1.07. The firm has a 50 day simple moving average of $3.36 and a 200-day simple moving average of $3.31. The firm has a market capitalization of $870.86 million, a P/E ratio of 82.25 and a beta of 1.27. Taboola.com has a 1-year low of $2.50 and a 1-year high of $4.30.
Insider Activity 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 transaction of $91,260.00. Following the transaction, the director owned 218,827 shares of the company's stock, valued at $739,635.26. This trade represents a 10.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 24.70% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Taboola.com
Hedge funds have recently modified their holdings of the company. Atria Wealth Solutions Inc. bought a new position in shares of Taboola.com during the 2nd quarter worth approximately $37,000. Pallas Capital Advisors LLC bought a new position in shares of Taboola.com during the 2nd quarter worth approximately $41,000. CWM LLC lifted its position in shares of Taboola.com by 65.8% during the 1st quarter. CWM LLC now owns 11,348 shares of the company's stock worth $33,000 after buying an additional 4,502 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Taboola.com during the 2nd quarter worth approximately $43,000. Finally, Captrust Financial Advisors bought a new position in shares of Taboola.com during the 2nd quarter worth approximately $46,000. Institutional investors own 42.89% of the company's stock.
Taboola.com Company Profile
(
Get Free Report)
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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