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

Benchmark reaffirmed their buy rating on shares of Taboola.com (NASDAQ:TBLA) in a research report released on Monday, Benzinga reports. The firm currently has a $5.00 target price on the stock.

Separately, Needham & Company LLC reissued a buy rating and issued a $5.00 price objective on shares of Taboola.com in a research report on Tuesday, September 24th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Taboola.com currently has an average rating of Buy and a consensus price target of $5.31.

Taboola.com Stock Performance

Shares of Taboola.com stock opened at $3.29 on Monday. The company has a market capitalization of $956.51 million, a PE ratio of -14.30 and a beta of 1.29. The company has a 50-day simple moving average of $3.26 and a two-hundred day simple moving average of $3.66. Taboola.com has a one year low of $2.87 and a one year high of $5.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.31.

Taboola.com (NASDAQ:TBLA) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. Taboola.com had a negative net margin of 3.07% and a negative return on equity of 1.57%. The firm had revenue of $428.00 million for the quarter, compared to the consensus estimate of $428.67 million. The company’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.05) EPS. Research analysts expect that Taboola.com will post 0.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other Taboola.com news, Director Lynda M. Clarizio sold 29,606 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $3.61, for a total value of $106,877.66. Following the completion of the transaction, the director now owns 176,158 shares of the company’s stock, valued at approximately $635,930.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 22.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Taboola.com

Several hedge funds have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. lifted its position in Taboola.com by 8.0% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 60,701 shares of the company’s stock worth $270,000 after acquiring an additional 4,478 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Taboola.com by 8.5% during the second quarter. Van ECK Associates Corp now owns 71,035 shares of the company’s stock worth $244,000 after purchasing an additional 5,535 shares during the period. Counterpoint Mutual Funds LLC boosted its position in Taboola.com by 35.6% in the first quarter. Counterpoint Mutual Funds LLC now owns 30,798 shares of the company’s stock valued at $137,000 after buying an additional 8,079 shares during the last quarter. Arizona State Retirement System increased its holdings in Taboola.com by 22.2% in the 2nd quarter. Arizona State Retirement System now owns 45,493 shares of the company’s stock worth $156,000 after buying an additional 8,262 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Taboola.com by 40.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,877 shares of the company’s stock worth $154,000 after buying an additional 12,869 shares during the last quarter. 42.89% of the stock is owned by institutional investors and hedge funds.

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.