Taboola.com Ltd. (NASDAQ:TBLA) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of Taboola.com Ltd. (NASDAQ:TBLA) have earned an average rating of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $5.75.

TBLA has been the subject of several research reports. TD Cowen cut their price target on Taboola.com from $6.00 to $5.00 and set a “buy” rating for the company in a report on Monday, August 10th. Rosenblatt Securities reiterated a “buy” rating and issued a $7.00 price objective on shares of Taboola.com in a report on Thursday, August 6th. Benchmark dropped their price objective 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. Wall Street Zen cut shares of Taboola.com from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings cut shares of Taboola.com from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, October 12th.

Taboola.com Stock Down 0.9%

TBLA stock opened at $3.38 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $852.17 million, a PE ratio of 8.45 and a beta of 1.50. Taboola.com has a 1-year low of $2.84 and a 1-year high of $5.71. The business’s 50 day simple moving average is $3.59 and its 200 day simple moving average is $4.03.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. State Street Corp boosted its holdings in shares of Taboola.com by 355.0% during the second quarter. State Street Corp now owns 3,944,961 shares of the company’s stock worth $19,725,000 after acquiring an additional 3,077,973 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Taboola.com by 14.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,719,172 shares of the company’s stock valued at $5,329,000 after purchasing an additional 214,758 shares during the last quarter. Globeflex Capital L P increased its stake in shares of Taboola.com by 16.4% during the first quarter. Globeflex Capital L P now owns 1,907,015 shares of the company’s stock worth $5,912,000 after purchasing an additional 268,105 shares during the period. Hsbc Holdings PLC bought a new position in shares of Taboola.com during the fourth quarter worth approximately $887,000. Finally, Inspire Investing LLC bought a new position in shares of Taboola.com during the first quarter worth approximately $1,621,000. 42.89% of the stock is owned by institutional investors.

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.