Taboola.com (NASDAQ:TBLA) Price Target Cut to $4.00 by Analysts at Needham & Company LLC

Taboola.com (NASDAQ:TBLA) had its price target decreased by equities research analysts at Needham & Company LLC from $5.50 to $4.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC‘s price target points to a potential upside of 45.99% from the stock’s previous close.

A number of other equities research analysts have also recently commented on TBLA. Benchmark lowered 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, August 6th. Wall Street Zen lowered shares of Taboola.com from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 8th. TD Cowen cut their price objective on shares of Taboola.com from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Monday, August 10th. 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. Finally, Rosenblatt Securities restated a “buy” rating and set a $7.00 target price on shares of Taboola.com in a research report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus 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 capitalization of $690.81 million, a PE ratio of 6.85 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. Taboola.com has a 52-week low of $2.68 and a 52-week high of $5.71. The stock has a fifty day simple moving average of $3.53 and a 200-day simple moving average of $4.00.

Institutional Investors Weigh In On Taboola.com

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TBLA. State Street Corp increased its holdings in Taboola.com by 355.0% during the 2nd quarter. State Street Corp now owns 3,944,961 shares of the company’s stock worth $19,725,000 after purchasing an additional 3,077,973 shares during the last quarter. Globeflex Capital L P purchased a new position in shares of Taboola.com during the 2nd quarter valued at approximately $9,555,000. Prescott Group Capital Management L.L.C. purchased a new position in shares of Taboola.com during the 3rd quarter valued at approximately $1,709,000. Robeco Institutional Asset Management B.V. grew its position in shares of Taboola.com by 110.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 481,708 shares of the company’s stock worth $1,619,000 after buying an additional 253,152 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of 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 in the last quarter. Hedge funds and other institutional investors own 42.89% of the company’s stock.

More Taboola.com News

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

About Taboola.com

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.