Taboola.com (NASDAQ:TBLA) Stock Dropped to “Hold” by Stonex Financial

Stonex Financial downgraded shares of Taboola.com (NASDAQ:TBLA) from a strong-buy rating to a hold rating in a report issued on Thursday,Zacks reports.

A number of other equities analysts have also recently issued reports on the company. Wall Street Zen cut Taboola.com from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 8th. Rosenblatt Securities lowered Taboola.com from a “buy” rating to a “neutral” rating and set a $2.80 target price for the company. in a research report on Thursday. Needham & Company LLC lowered their price target on Taboola.com from $5.50 to $4.00 and set a “buy” rating for the company in a research note on Thursday. Weiss Ratings downgraded shares of Taboola.com from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, October 12th. Finally, Benchmark cut their price target on shares of Taboola.com from $6.50 to $5.50 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.33.

Taboola.com Stock Down 20.8%

Shares of Taboola.com stock opened at $2.17 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.08. Taboola.com has a 12 month low of $2.16 and a 12 month high of $5.71. The business has a fifty day simple moving average of $3.50 and a 200 day simple moving average of $3.99. The stock has a market cap of $547.09 million, a PE ratio of 4.93 and a beta of 1.48.

Institutional Trading of Taboola.com

Large investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC bought a new position in shares of Taboola.com during the 3rd quarter valued at about $128,000. Prescott Group Capital Management L.L.C. bought a new stake in Taboola.com during the 3rd quarter worth approximately $1,709,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Taboola.com during the 3rd quarter worth approximately $159,000. Aviance Capital Partners LLC bought a new stake in Taboola.com during the 3rd quarter worth approximately $236,000. Finally, State of Wyoming raised its holdings in Taboola.com by 76.3% during the 3rd quarter. State of Wyoming now owns 121,914 shares of the company’s stock worth $410,000 after buying an additional 52,748 shares during the period. Institutional investors own 42.89% of the company’s stock.

Trending Headlines about Taboola.com

Here are the key news stories impacting Taboola.com this week:

• Positive Sentiment: Needham kept its Buy rating and lowered its price target to $4.00 from $5.50, still implying substantial upside from $2.17. Needham analyst rating
• Positive Sentiment: Q3 adjusted EBITDA rose 16% year over year, and Taboola reported expanding publisher partnerships. Taboola Q3 business update
• Neutral Sentiment: Q3 earnings of $0.14 per share matched consensus; revenue was $462.3 million. The company forecast Q4 revenue of $477 million to $493 million. Q4 revenue outlook
• Negative Sentiment: Stonex Financial downgraded Taboola from Strong Buy to Hold. Rosenblatt Securities also cut its rating, from Buy to Neutral, and set a $2.80 target. These downgrades may signal reduced analyst confidence and are likely contributing to the stock’s weakness. Stonex rating information Rosenblatt rating information

About Taboola.com

Taboola.com Ltd. is a technology company that operates a digital advertising and content-discovery platform. Its technology uses data and machine learning to recommend articles, videos, products and other content to users across publisher websites, mobile applications and digital devices.

Taboola provides publishers with tools to increase audience engagement and generate revenue, including recommendation modules, personalized content feeds, video solutions and commerce-related discovery products.