Taboola.com Ltd. (NASDAQ:TBLA) Receives $4.80 Average PT from Analysts

by · The Cerbat Gem

Taboola.com Ltd. (NASDAQ:TBLA – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $4.80.

TBLA has been the topic of a number of research analyst reports. BTIG Research assumed coverage on Taboola.com in a research report on Tuesday, October 7th. They set a “neutral” rating on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Taboola.com in a research note on Wednesday, October 8th. Rosenblatt Securities began coverage on shares of Taboola.com in a research note on Friday, December 19th. They issued a “buy” rating and a $6.00 price objective on the stock. Finally, Wall Street Zen upgraded shares of Taboola.com from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 8th.

Read Our Latest Analysis on TBLA

Taboola.com Stock Down 0.4%

Shares of NASDAQ TBLA opened at $4.54 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.08. Taboola.com has a 52 week low of $2.50 and a 52 week high of $4.64. The firm has a 50-day moving average price of $3.94 and a 200 day moving average price of $3.60. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 56.76 and a beta of 1.30.

Taboola.com (NASDAQ:TBLA – Get Free Report) last issued its earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.03). Taboola.com had a return on equity of 8.12% and a net margin of 1.34%.The company had revenue of $496.76 million for the quarter, compared to analyst estimates of $465.57 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was up 14.7% compared to the same quarter last year.

Insider Activity at Taboola.com

In related news, COO Eldad Maniv sold 414,816 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $3.78, for a total value of $1,568,004.48. Following the sale, the chief operating officer owned 10,392,460 shares of the company’s stock, valued at approximately $39,283,498.80. This represents a 3.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Nechemia Jacob Peres sold 6,387,648 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $3.67, for a total value of $23,442,668.16. The SEC filing for this sale provides additional information. Insiders have sold a total of 6,812,509 shares of company stock valued at $25,048,341 over the last 90 days. Insiders own 22.40% of the company’s stock.

Institutional Investors Weigh In On Taboola.com

Several hedge funds have recently modified their holdings of the company. Atria Wealth Solutions Inc. acquired a new position in shares of Taboola.com in the second quarter valued at approximately $37,000. Pallas Capital Advisors LLC purchased a new stake in Taboola.com in the 2nd quarter worth approximately $41,000. Quarry LP acquired a new position in Taboola.com in the 3rd quarter valued at $42,000. Headlands Technologies LLC purchased a new position in shares of Taboola.com during the 2nd quarter worth $43,000. Finally, Captrust Financial Advisors purchased a new position in shares of Taboola.com during the 2nd quarter worth $46,000. 42.89% of the stock is owned by institutional investors and hedge funds.

About Taboola.com

(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.

Read More