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

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

TBLA has been the subject of several other research reports. Needham & Company LLC reiterated a “buy” rating and set a $4.50 target price on shares of Taboola.com in a research note on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Taboola.com in a research report on Thursday, January 22nd. Finally, Rosenblatt Securities increased their price objective on shares of Taboola.com from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Taboola.com presently has an average rating of “Moderate Buy” and an average price target of $5.00.

Taboola.com Trading Up 3.6%

Shares of NASDAQ TBLA opened at $3.17 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.08. The stock’s 50 day moving average price is $3.92 and its two-hundred day moving average price is $3.70. Taboola.com has a 52-week low of $2.50 and a 52-week high of $4.65. The stock has a market capitalization of $784.77 million, a P/E ratio of 21.13 and a beta of 1.29.

Taboola.com (NASDAQ:TBLA) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The firm had revenue of $522.31 million during the quarter, compared to the consensus estimate of $537.80 million. Taboola.com had a net margin of 2.21% and a return on equity of 11.84%. Taboola.com’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 earnings per share.

Institutional Trading of Taboola.com

A number of large investors have recently modified their holdings of the company. DGS Capital Management LLC bought a new stake in Taboola.com in the 4th quarter valued at about $55,000. Mercer Global Advisors Inc. ADV increased its stake in shares of Taboola.com by 126.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 79,591 shares of the company’s stock valued at $367,000 after purchasing an additional 44,498 shares during the period. Empowered Funds LLC raised its holdings in shares of Taboola.com by 4.1% during the fourth quarter. Empowered Funds LLC now owns 1,427,478 shares of the company’s stock valued at $6,581,000 after buying an additional 55,910 shares during the last quarter. XTX Topco Ltd boosted its position in shares of Taboola.com by 78.8% during the fourth quarter. XTX Topco Ltd now owns 635,318 shares of the company’s stock worth $2,929,000 after buying an additional 280,036 shares during the period. Finally, VARCOV Co. acquired a new position in shares of Taboola.com during the fourth quarter worth approximately $761,000. 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.