Taboola.com Ltd. (NASDAQ:TBLA) Receives $5.00 Average Price Target from Analysts

Shares of Taboola.com Ltd. (NASDAQ:TBLA) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $5.00.

Several brokerages have recently weighed in on TBLA. Zacks Research raised shares of Taboola.com from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. Rosenblatt Securities upped 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 reissued a “buy” rating and issued a $4.50 price objective on shares of Taboola.com in a research note on Wednesday, February 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Taboola.com in a research report on Thursday, January 22nd. Finally, Wall Street Zen cut Taboola.com from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 28th.

Taboola.com Price Performance

NASDAQ TBLA opened at $3.10 on Monday. The stock has a market cap of $767.43 million, a price-to-earnings ratio of 20.67 and a beta of 1.34. Taboola.com has a 12 month low of $2.50 and a 12 month high of $4.65. The company’s 50 day moving average is $3.68 and its two-hundred day moving average is $3.70. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.11.

Taboola.com (NASDAQ:TBLA) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Taboola.com had a return on equity of 11.97% and a net margin of 2.21%.The business had revenue of $522.31 million during the quarter, compared to analysts’ expectations of $537.80 million. During the same period in the prior year, the firm posted $0.10 earnings per share. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis.

Institutional Investors Weigh In On Taboola.com

Several hedge funds have recently bought and sold shares of TBLA. DGS Capital Management LLC purchased a new stake in shares of Taboola.com during the fourth quarter worth about $55,000. Mercer Global Advisors Inc. ADV boosted its position in shares of Taboola.com by 126.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 79,591 shares of the company’s stock valued at $367,000 after acquiring an additional 44,498 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Taboola.com by 4.1% in the fourth quarter. Empowered Funds LLC now owns 1,427,478 shares of the company’s stock valued at $6,581,000 after purchasing an additional 55,910 shares during the period. XTX Topco Ltd increased its position in Taboola.com by 78.8% during the fourth quarter. XTX Topco Ltd now owns 635,318 shares of the company’s stock worth $2,929,000 after purchasing an additional 280,036 shares during the last quarter. Finally, VARCOV Co. acquired a new stake in Taboola.com during the fourth quarter worth about $761,000. Hedge funds and other institutional investors own 42.89% of the company’s stock.

Taboola.com Company Profile

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.