Taboola.com (NASDAQ:TBLA) Given New $5.00 Price Target at TD Cowen

Taboola.com (NASDAQ:TBLA) had its price target decreased by TD Cowen from $6.00 to $5.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price objective suggests a potential upside of 23.64% from the company’s current price.

Other analysts have also recently issued reports about the company. Zacks Research cut Taboola.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings upgraded shares of Taboola.com from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Needham & Company LLC upped their target price on shares of Taboola.com from $4.50 to $5.50 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Rosenblatt Securities reissued a “buy” rating and set a $7.00 price target on shares of Taboola.com in a research report on Thursday. Finally, 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 note on Thursday. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Taboola.com currently has an average rating of “Moderate Buy” and an average target price of $5.75.

Taboola.com Trading Down 1.4%

NASDAQ TBLA traded down $0.06 during trading on Monday, hitting $4.04. The company had a trading volume of 694,211 shares, compared to its average volume of 2,421,552. The company’s fifty day moving average is $4.94 and its 200-day moving average is $4.18. The company has a market cap of $1.02 billion, a price-to-earnings ratio of 10.09 and a beta of 1.50. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.08. Taboola.com has a one year low of $2.84 and a one year high of $5.71.

Insider Activity

In related news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $4.40, for a total value of $52,800,000.00. Following the transaction, the insider owned 18,039,644 shares in the company, valued at $79,374,433.60. The trade was a 39.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 20.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TBLA. Quarry LP bought a new stake in shares of Taboola.com during the third quarter valued at approximately $42,000. Headlands Technologies LLC bought a new position in Taboola.com in the 2nd quarter valued at approximately $43,000. Captrust Financial Advisors purchased a new stake in Taboola.com during the 2nd quarter valued at $46,000. Abacus Wealth Partners LLC purchased a new stake in Taboola.com during the 4th quarter valued at $48,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Taboola.com in the 3rd quarter worth $54,000. 42.89% of the stock is owned by hedge funds and other institutional investors.

Taboola.com Company Profile

Taboola.com (NASDAQ: TBLA) operates a leading content discovery platform that connects advertisers with premium publishers through native advertising and personalized recommendations. The company’s technology analyzes user behavior and contextual information to deliver promoted content, video, and product recommendations to audiences across a network of thousands of websites and mobile apps. By leveraging machine learning and big data, Taboola helps publishers generate incremental revenue while enabling advertisers to reach engaged users at scale.

Taboola’s suite of products includes feed placements, video recommendations, and sponsored content units designed to blend seamlessly with editorial pages.