Taboola.com (NASDAQ:TBLA) Stock Gets Price Target Trim from Needham & Company LLC

Taboola.com (NASDAQ:TBLA) had its price target cut by stock analysts at Needham & Company LLC from $5.50 to $4.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC‘s price target would suggest a potential upside of 45.99% from the company’s current price.

Several other equities research analysts have also issued reports on the company. Wall Street Zen lowered Taboola.com from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 8th. TD Cowen decreased their price objective on shares of 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 set a $7.00 target price on shares of Taboola.com in a research note on Thursday, August 6th. Benchmark dropped their target price 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, Weiss Ratings downgraded shares of Taboola.com from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, October 12th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $4.33.

Taboola.com Trading Down 19.4%

NASDAQ:TBLA opened at $2.74 on Thursday. The company has a market cap of $690.81 million, a PE ratio of 6.85 and a beta of 1.48. The business’s 50 day moving average is $3.53 and its two-hundred day moving average is $4.00. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.08. Taboola.com has a 52 week low of $2.68 and a 52 week high of $5.71.

Institutional Trading of Taboola.com

Hedge funds have recently made changes to their positions in the stock. Williams & Novak Wealth Management LLC grew its stake in Taboola.com by 26.2% during the 3rd quarter. Williams & Novak Wealth Management LLC now owns 22,390 shares of the company’s stock worth $75,000 after buying an additional 4,650 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Taboola.com in the second quarter worth about $26,000. SG Americas Securities LLC boosted its holdings in shares of Taboola.com by 31.5% in the first quarter. SG Americas Securities LLC now owns 23,125 shares of the company’s stock valued at $72,000 after acquiring an additional 5,546 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of Taboola.com by 27.7% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 29,074 shares of the company’s stock valued at $145,000 after purchasing an additional 6,302 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new stake in Taboola.com in the second quarter worth about $50,000. Institutional investors own 42.89% of the company’s stock.

Trending Headlines about Taboola.com

Here are the key news stories impacting Taboola.com this week:

• Positive Sentiment: Taboola reported Q3 earnings per share of $0.14, up from $0.02 a year earlier. Adjusted EBITDA rose 16%, indicating improved profitability despite lower revenue. Article: Taboola Q3 results
• Positive Sentiment: Taboola said its full-page monetization product is live across NBCUniversal and Fox News Live, and it expects to complete its Dianomi acquisition before year-end—developments that could support its advertising business. Article: Taboola Q3 financial results
• Neutral Sentiment: For Q4, Taboola forecast revenue of $477 million to $493 million. The range provides investors with a near-term sales target, though the cited reports do not establish how it compares with market expectations. Article: Taboola Q4 revenue outlook
• Negative Sentiment: Q3 revenue was $462.3 million, below analyst estimates of about $466.3 million and 7% lower than a year earlier. The sales shortfall and year-over-year decline are likely weighing on sentiment, despite the earnings-per-share improvement. Article: Why Taboola stock is down

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.