Taboola.com (NASDAQ:TBLA) Upgraded by Wall Street Zen to Strong-Buy Rating

by · The Cerbat Gem

Wall Street Zen upgraded shares of Taboola.com (NASDAQ:TBLA – Free Report) from a buy rating to a strong-buy rating in a research report released on Saturday.

Other research analysts also recently issued reports about the company. Rosenblatt Securities lifted their target price on Taboola.com from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Needham & Company LLC lifted their target price on Taboola.com from $4.50 to $5.50 and gave the stock a “buy” rating in a report on Thursday. Benchmark lifted their target price on Taboola.com from $4.50 to $6.50 and gave the stock a “buy” rating in a report on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Taboola.com in a report on Tuesday, April 21st. Finally, Zacks Research downgraded Taboola.com from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $5.88.

Get Our Latest Research Report on Taboola.com

Taboola.com Trading Up 0.8%

NASDAQ TBLA opened at $5.25 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.13 and a debt-to-equity ratio of 0.07. Taboola.com has a twelve month low of $2.84 and a twelve month high of $5.26. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 13.82 and a beta of 1.43. The business’s fifty day moving average is $3.41 and its 200 day moving average is $3.73.

Taboola.com (NASDAQ:TBLA – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.21. Taboola.com had a return on equity of 10.72% and a net margin of 5.64%.The company had revenue of $466.40 million for the quarter, compared to the consensus estimate of $453.30 million. During the same quarter last year, the business posted ($0.03) EPS. Taboola.com’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, sell-side analysts expect that Taboola.com will post 0.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Quarry LP bought a new position in shares of Taboola.com in the 3rd quarter worth about $42,000. Headlands Technologies LLC bought a new position in shares of Taboola.com in the 2nd quarter worth about $43,000. Captrust Financial Advisors bought a new position in shares of Taboola.com in the 2nd quarter worth about $46,000. Abacus Wealth Partners LLC bought a new position in shares of Taboola.com in the 4th quarter worth about $48,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Taboola.com in the 3rd quarter worth about $54,000. 42.89% of the stock is owned by institutional investors.

Taboola.com Company Profile

(Get Free Report)

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.

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