Wall Street Zen Downgrades Taboola.com (NASDAQ:TBLA) to Buy

Taboola.com (NASDAQ:TBLA) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other analysts also recently weighed in on the stock. Rosenblatt Securities lifted their target price on shares of Taboola.com from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of Taboola.com in a research report on Thursday, January 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $4.50 price objective on shares of Taboola.com in a research note on Wednesday, February 25th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $5.00.

Taboola.com Stock Up 3.6%

Shares of NASDAQ:TBLA opened at $3.17 on Friday. The company has a market capitalization of $784.77 million, a price-to-earnings ratio of 21.13 and a beta of 1.34. Taboola.com has a 12-month low of $2.50 and a 12-month high of $4.65. The business has a 50-day moving average price of $3.92 and a 200 day moving average price of $3.70. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.11.

Taboola.com (NASDAQ:TBLA) last announced its earnings results on Wednesday, February 25th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). Taboola.com had a return on equity of 11.97% and a net margin of 2.21%.The company had revenue of $522.31 million for the quarter, compared to analysts’ expectations of $537.80 million. During the same period last year, the business earned $0.10 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year.

Institutional Trading of Taboola.com

Several hedge funds have recently modified their holdings of TBLA. Quarry LP purchased a new position in Taboola.com in the third quarter valued at $42,000. Headlands Technologies LLC acquired a new stake in Taboola.com in the 2nd quarter valued at about $43,000. Captrust Financial Advisors acquired a new stake in Taboola.com in the 2nd quarter valued at about $46,000. Abacus Wealth Partners LLC purchased a new position in shares of Taboola.com in the 4th quarter valued at about $48,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Taboola.com during the third quarter worth about $54,000. 42.89% of the stock is currently owned by institutional investors and hedge funds.

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.