Taboola.com (NASDAQ:TBLA) Stock Rating Reaffirmed by B. Riley

Taboola.com (NASDAQ:TBLA)‘s stock had its “buy” rating reiterated by B. Riley in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. They currently have a $5.25 price target on the stock. B. Riley’s price target suggests a potential upside of 25.00% from the company’s current price.

Several other brokerages have also recently issued reports on TBLA. Needham & Company LLC reissued a “buy” rating and set a $6.00 price target on shares of Taboola.com in a research report on Thursday, March 28th. Oppenheimer upped their target price on shares of Taboola.com from $5.50 to $6.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Finally, TheStreet upgraded shares of Taboola.com from a “d+” rating to a “c-” rating in a research note on Friday, January 19th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $5.79.

Taboola.com Stock Up 0.7 %

Shares of TBLA opened at $4.20 on Wednesday. The stock has a market capitalization of $1.24 billion, a PE ratio of -17.50 and a beta of 1.37. Taboola.com has a 1 year low of $2.16 and a 1 year high of $5.00. 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’s 50-day simple moving average is $4.35 and its 200-day simple moving average is $4.14.

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

Insider Buying and Selling

In other Taboola.com news, CTO Lior Golan sold 10,187 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $4.86, for a total value of $49,508.82. Following the transaction, the chief technology officer now directly owns 2,545,291 shares in the company, valued at $12,370,114.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have sold 55,325 shares of company stock worth $269,318. Company insiders own 23.49% of the company’s stock.

Hedge Funds Weigh In On Taboola.com

Several hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its stake in Taboola.com by 22.2% in the fourth quarter. Wellington Management Group LLP now owns 15,767,681 shares of the company’s stock valued at $68,274,000 after purchasing an additional 2,859,451 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Taboola.com by 20.9% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,043,235 shares of the company’s stock worth $17,507,000 after acquiring an additional 700,000 shares during the last quarter. Checchi Capital Advisers LLC grew its position in shares of Taboola.com by 38.5% during the first quarter. Checchi Capital Advisers LLC now owns 1,069,944 shares of the company’s stock worth $4,751,000 after acquiring an additional 297,411 shares during the last quarter. Yarra Square Partners LP grew its position in shares of Taboola.com by 12.1% during the fourth quarter. Yarra Square Partners LP now owns 984,485 shares of the company’s stock worth $4,263,000 after acquiring an additional 106,485 shares during the last quarter. Finally, GSA Capital Partners LLP grew its position in shares of Taboola.com by 292.4% during the fourth quarter. GSA Capital Partners LLP now owns 657,758 shares of the company’s stock worth $2,848,000 after acquiring an additional 490,149 shares during the last quarter. 42.89% of the stock is currently owned by hedge funds and other institutional investors.

About Taboola.com

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.