Taboola.com (NASDAQ:TBLA) Reaches New 1-Year Low – Here’s Why

Taboola.com Ltd. (NASDAQ:TBLA)’s share price reached a new 52-week low on Wednesday. The stock traded as low as $2.67 and last traded at $2.81, with a volume of 120,481 shares changing hands. The stock had previously closed at $3.40.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TBLA. Weiss Ratings downgraded shares of Taboola.com from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, October 12th. TD Cowen dropped their price objective on Taboola.com from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Wall Street Zen lowered shares of Taboola.com from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 8th. Rosenblatt Securities restated a “buy” rating and set a $7.00 price target on shares of Taboola.com in a report on Thursday, August 6th. Finally, Benchmark decreased their price objective on Taboola.com from $6.50 to $5.50 and set a “buy” rating for the company in a report on Thursday, August 6th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $5.75.

Taboola.com Stock Performance

The company has a market capitalization of $724.85 million, a price-to-earnings ratio of 7.19 and a beta of 1.48. The company has a 50 day moving average price of $3.55 and a 200 day moving average price of $4.00. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.11 and a current ratio of 1.11.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TBLA. Integrated Wealth Concepts LLC bought a new position in shares of Taboola.com during the second quarter valued at about $26,000. State of Alaska Department of Revenue purchased a new stake in shares of Taboola.com during the third quarter worth $33,000. Sequoia Financial Advisors LLC bought a new position in shares of Taboola.com in the second quarter valued at approximately $50,000. Corient Private Wealth LP bought a new stake in Taboola.com during the second quarter valued at $69,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Taboola.com by 31.5% during the 1st quarter. SG Americas Securities LLC now owns 23,125 shares of the company’s stock worth $72,000 after acquiring an additional 5,546 shares during the last quarter. Hedge funds and other institutional investors own 42.89% of the company’s stock.

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.