Taboola.com Ltd. (NASDAQ:TBLA – Get Free Report)’s stock price hit a new 52-week low on Wednesday. The company traded as low as $2.67 and last traded at $2.81, with a volume of 120,481 shares. The stock had previously closed at $3.40.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of Taboola.com from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, October 12th. TD Cowen dropped their target price on shares of Taboola.com from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $7.00 price objective on shares of Taboola.com in a research note on Thursday, August 6th. Benchmark lowered their price target 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. Finally, Wall Street Zen downgraded Taboola.com from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 8th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Taboola.com presently has a consensus rating of “Moderate Buy” and an average price target of $5.75.
Read Our Latest Research Report on TBLA
Taboola.com Trading Down 15.4%
The firm has a market cap of $724.85 million, a price-to-earnings ratio of 7.19 and a beta of 1.48. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.08. The business’s fifty day moving average is $3.55 and its two-hundred day moving average is $4.00.
Institutional Trading of Taboola.com
Hedge funds have recently modified their holdings of the company. State Street Corp grew its position in shares of Taboola.com by 355.0% in the 2nd quarter. State Street Corp now owns 3,944,961 shares of the company’s stock valued at $19,725,000 after purchasing an additional 3,077,973 shares during the period. Globeflex Capital L P bought a new stake in Taboola.com during the second quarter worth about $9,555,000. Prescott Group Capital Management L.L.C. bought a new stake in Taboola.com during the third quarter worth about $1,709,000. Robeco Institutional Asset Management B.V. lifted its stake in Taboola.com by 110.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 481,708 shares of the company’s stock valued at $1,619,000 after acquiring an additional 253,152 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Taboola.com by 14.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,719,172 shares of the company’s stock worth $5,329,000 after buying an additional 214,758 shares during the last quarter. 42.89% of the stock is currently owned by institutional investors and hedge funds.
Taboola.com Company Profile
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.
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