Taboola.com Ltd. (NASDAQ:TBLA) Receives Consensus Rating of “Buy” from Brokerages

Shares of Taboola.com Ltd. (NASDAQ:TBLA) have been assigned an average rating of “Buy” from the five research firms that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $5.79.

TBLA has been the topic of several research analyst reports. B. Riley reissued a “buy” rating and issued a $5.25 target price on shares of Taboola.com in a report on Wednesday. Needham & Company LLC restated a “buy” rating and issued a $6.00 price target on shares of Taboola.com in a research report on Thursday, March 28th. TheStreet upgraded shares of Taboola.com from a “d+” rating to a “c-” rating in a research report on Friday, January 19th. Finally, Oppenheimer boosted their price target on shares of Taboola.com from $5.50 to $6.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th.

Taboola.com Price Performance

TBLA stock opened at $4.20 on Friday. Taboola.com has a one year low of $2.16 and a one year high of $5.00. The company’s fifty day moving average price is $4.35 and its 200-day moving average price is $4.14. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market capitalization of $1.24 billion, a PE ratio of -17.50 and a beta of 1.37.

Taboola.com (NASDAQ:TBLA) last released its earnings results on Wednesday, February 28th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.05. Taboola.com had a negative net margin of 5.70% and a negative return on equity of 1.85%. The firm had revenue of $419.80 million for the quarter, compared to the consensus estimate of $436.96 million. During the same quarter in the previous year, the firm earned $0.11 earnings per share. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. On average, equities analysts anticipate that Taboola.com will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling at Taboola.com

In other Taboola.com news, CTO Lior Golan sold 23,211 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $4.86, for a total transaction of $112,805.46. Following the transaction, the chief technology officer now owns 2,545,291 shares in the company, valued at $12,370,114.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 55,325 shares of company stock worth $269,318 over the last quarter. Insiders own 23.49% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TBLA. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Taboola.com by 9.1% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,343,235 shares of the company’s stock worth $12,671,000 after purchasing an additional 280,000 shares during the last quarter. Citigroup Inc. grew its holdings in shares of Taboola.com by 8.0% in the third quarter. Citigroup Inc. now owns 123,134 shares of the company’s stock worth $467,000 after purchasing an additional 9,138 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Taboola.com by 0.7% in the third quarter. Wellington Management Group LLP now owns 12,908,230 shares of the company’s stock worth $48,922,000 after purchasing an additional 85,371 shares during the last quarter. Y.D. More Investments Ltd bought a new position in shares of Taboola.com in the third quarter worth about $1,140,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Taboola.com by 655.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 419,111 shares of the company’s stock worth $1,588,000 after purchasing an additional 363,662 shares during the last quarter. Institutional investors own 42.89% of the company’s stock.

Taboola.com Company Profile

Taboola.com Ltd., together with its subsidiaries, operates an artificial intelligence-based algorithmic engine platform in Israel, the United States, the United Kingdom, Germany, 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.