Taboola.com (NASDAQ:TBLA) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Taboola.com (NASDAQ:TBLA) from a strong-buy rating to a hold rating in a report released on Saturday morning.

A number of other analysts also recently issued reports on TBLA. Rosenblatt Securities reissued a “buy” rating and issued a $7.00 price objective on shares of Taboola.com in a report on Thursday, August 6th. Benchmark lowered their target price on shares of Taboola.com from $6.50 to $5.50 and set a “buy” rating on the stock in a report on Thursday, August 6th. Needham & Company LLC lifted their price target on shares of Taboola.com from $4.50 to $5.50 and gave the company a “buy” rating in a research report on Thursday, May 7th. TD Cowen boosted their price target on Taboola.com from $4.00 to $6.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Finally, Weiss Ratings raised Taboola.com from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $5.75.

Taboola.com Trading Up 0.7%

Shares of Taboola.com stock opened at $4.13 on Friday. The firm has a 50-day moving average of $4.92 and a 200-day moving average of $4.18. The stock has a market cap of $1.04 billion, a PE ratio of 10.32 and a beta of 1.50. Taboola.com has a 52-week low of $2.84 and a 52-week high of $5.71. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.11 and a current ratio of 1.11.

Insiders Place Their Bets

In related 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 completion of the sale, the insider owned 18,039,644 shares of the company’s stock, valued at $79,374,433.60. This represents a 39.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 20.60% of the stock is owned by corporate insiders.

Institutional Trading of Taboola.com

Several large investors have recently made changes to their positions in the company. Abacus Wealth Partners LLC acquired a new position in Taboola.com during the fourth quarter valued at approximately $48,000. Headlands Technologies LLC acquired a new stake in shares of Taboola.com in the 2nd quarter valued at $43,000. DGS Capital Management LLC acquired a new stake in shares of Taboola.com in the 4th quarter valued at $55,000. Quarry LP bought a new position in shares of Taboola.com in the 3rd quarter valued at $42,000. Finally, Captrust Financial Advisors bought a new position in shares of Taboola.com in the 2nd quarter valued at $46,000. Institutional investors and hedge funds 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.