Taboola.com (NASDAQ:TBLA) Hits New 12-Month Low at $6.38

Taboola.com, Ltd. (NASDAQ:TBLA)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $6.38 and last traded at $6.38, with a volume of 3922 shares traded. The stock had previously closed at $6.60.

Several brokerages recently issued reports on TBLA. KeyCorp began coverage on shares of Taboola.com in a research report on Monday, December 6th. They issued an “overweight” rating and a $11.00 target price for the company. Zacks Investment Research lowered shares of Taboola.com from a “hold” rating to a “sell” rating in a research report on Friday, January 7th. Finally, Needham & Company LLC assumed coverage on shares of Taboola.com in a research report on Wednesday, November 24th. They set a “buy” rating and a $13.00 price target for the company. One analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Taboola.com has an average rating of “Buy” and an average target price of $15.14.

The business’s 50-day moving average price is $8.07. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.38.

Taboola.com (NASDAQ:TBLA) last posted its quarterly earnings results on Tuesday, November 9th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.09. The business had revenue of $338.77 million for the quarter, compared to analysts’ expectations of $342.30 million. Analysts forecast that Taboola.com, Ltd. will post -0.13 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of TBLA. Credit Suisse AG purchased a new stake in shares of Taboola.com during the second quarter worth about $37,536,000. FMR LLC purchased a new stake in shares of Taboola.com during the second quarter worth about $23,287,000. Ion Asset Management Ltd. purchased a new stake in shares of Taboola.com during the second quarter worth about $24,101,000. Alyeska Investment Group L.P. purchased a new stake in shares of Taboola.com during the second quarter worth about $21,492,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Taboola.com by 274.1% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,345,668 shares of the company’s stock worth $19,844,000 after purchasing an additional 1,718,642 shares during the period. Institutional investors own 31.88% of the company’s stock.

About Taboola.com (NASDAQ:TBLA)

Taboola.com, Ltd. operates a content discovery and native advertising platform for people, advertisers, and digital properties. It offers Taboola, a platform that helps people to find relevant content online, matching them with news stories, articles, blogs, videos, apps, products, and other content they want to explore; helps advertisers promote their brand to their audience; and provides new engagement and monetization opportunities to publishers, mobile carriers, and other digital properties.

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