Taboola.com (NASDAQ:TBLA) Stock Rating Reaffirmed by JMP Securities

Taboola.com (NASDAQ:TBLAGet Rating)‘s stock had its “buy” rating restated by stock analysts at JMP Securities in a research note issued to investors on Thursday, TipRanks reports. They presently have a $10.00 price target on the stock. JMP Securities’ target price indicates a potential upside of 281.68% from the company’s current price.

A number of other brokerages have also commented on TBLA. Susquehanna Bancshares cut their target price on Taboola.com from $15.00 to $10.00 and set a “positive” rating for the company in a research note on Thursday, February 24th. Cowen decreased their target price on shares of Taboola.com from $13.00 to $9.00 in a research report on Monday, May 16th. Finally, Susquehanna lowered shares of Taboola.com from a “positive” rating to a “neutral” rating and dropped their price target for the stock from $10.00 to $3.50 in a research report on Monday, May 16th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $10.19.

Taboola.com stock traded up $0.02 during trading hours on Thursday, hitting $2.62. The stock had a trading volume of 6,359 shares, compared to its average volume of 491,040. The company has a 50-day moving average of $3.57 and a two-hundred day moving average of $5.40. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.36. Taboola.com has a fifty-two week low of $2.50 and a fifty-two week high of $11.44. The company has a market cap of $613.16 million, a PE ratio of -2.02 and a beta of 1.03.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new stake in Taboola.com in the 1st quarter valued at about $36,000. Lazard Asset Management LLC bought a new stake in shares of Taboola.com during the first quarter valued at approximately $54,000. Quantbot Technologies LP acquired a new stake in shares of Taboola.com in the first quarter valued at approximately $58,000. Fox Run Management L.L.C. bought a new position in Taboola.com in the 1st quarter worth approximately $62,000. Finally, McDonald Partners LLC bought a new position in Taboola.com in the 1st quarter valued at $66,000. 46.49% of the stock is currently owned by institutional investors and hedge funds.

Taboola.com Company Profile (Get Rating)

Taboola.com Ltd., together with its subsidiaries, operates an artificial intelligence-based algorithmic engine platform in Israel, the United Kingdom, the United States, Germany, France, and internationally. It offers Taboola, a platform that partners with websites, devices, and mobile apps to recommend editorial content and advertisements on the open web to users.

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Analyst Recommendations for Taboola.com (NASDAQ:TBLA)

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