Taboola.com (NASDAQ:TBLA) Sets New 12-Month Low – Here’s Why

Taboola.com Ltd. (NASDAQ:TBLA)’s share price hit 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 traded. The stock had previously closed at $3.40.

More Taboola.com News

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

• Positive Sentiment: Needham kept its Buy rating and lowered its price target to $4.00 from $5.50, still implying substantial upside from $2.17. Needham analyst rating
• Positive Sentiment: Q3 adjusted EBITDA rose 16% year over year, and Taboola reported expanding publisher partnerships. Taboola Q3 business update
• Neutral Sentiment: Q3 earnings of $0.14 per share matched consensus; revenue was $462.3 million. The company forecast Q4 revenue of $477 million to $493 million. Q4 revenue outlook
• Negative Sentiment: Stonex Financial downgraded Taboola from Strong Buy to Hold. Rosenblatt Securities also cut its rating, from Buy to Neutral, and set a $2.80 target. These downgrades may signal reduced analyst confidence and are likely contributing to the stock’s weakness. Stonex rating information Rosenblatt rating information

Analysts Set New Price Targets

Several research firms have issued reports on TBLA. Needham & Company LLC cut their target price on Taboola.com from $5.50 to $4.00 and set a “buy” rating for the company in a research note on Thursday. Weiss Ratings lowered Taboola.com from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, October 12th. Rosenblatt Securities cut Taboola.com from a “buy” rating to a “neutral” rating and set a $2.80 price target for the company. in a report on Thursday. TD Cowen lowered 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. Finally, Benchmark cut their price objective on Taboola.com from $6.50 to $5.50 and set a “buy” rating for the company in a research report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $4.33.

Taboola.com Price Performance

The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market cap of $547.09 million, a PE ratio of 4.93 and a beta of 1.48. The stock’s 50-day moving average is $3.50 and its two-hundred day moving average is $3.99.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TBLA. Commonwealth Equity Services LLC acquired a new position in Taboola.com in the 3rd quarter valued at about $128,000. Prescott Group Capital Management L.L.C. purchased a new stake in Taboola.com during the third quarter worth about $1,709,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Taboola.com during the third quarter worth about $159,000. Aviance Capital Partners LLC acquired a new stake in shares of Taboola.com during the third quarter worth about $236,000. Finally, State of Wyoming lifted its position in shares of Taboola.com by 76.3% during the third quarter. State of Wyoming now owns 121,914 shares of the company’s stock worth $410,000 after purchasing an additional 52,748 shares in the last quarter. 42.89% of the stock is currently owned by institutional investors and hedge funds.

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.