Taboola.com Ltd. (NASDAQ:TBLA) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Taboola.com Ltd. (NASDAQ:TBLA) have been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $5.90.

TBLA has been the subject of several recent analyst reports. Rosenblatt Securities raised their target price on shares of Taboola.com from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Zacks Research downgraded shares of Taboola.com from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Needham & Company LLC lifted their price objective on shares of Taboola.com from $4.50 to $5.50 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Benchmark lifted their price objective on shares of Taboola.com from $4.50 to $6.50 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Taboola.com in a research note on Tuesday, April 21st.

Institutional Trading of Taboola.com

Institutional investors and hedge funds have recently modified their holdings of the stock. Atreides Management LP grew its stake in shares of Taboola.com by 11.2% in the 1st quarter. Atreides Management LP now owns 820,797 shares of the company’s stock valued at $2,544,000 after buying an additional 82,587 shares during the period. Amundi acquired a new position in shares of Taboola.com in the 1st quarter worth approximately $142,000. Empowered Funds LLC lifted its holdings in Taboola.com by 3.9% during the 1st quarter. Empowered Funds LLC now owns 1,483,014 shares of the company’s stock worth $4,597,000 after buying an additional 55,536 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in Taboola.com by 5.3% during the 1st quarter. Lazard Asset Management LLC now owns 1,311,639 shares of the company’s stock worth $4,066,000 after buying an additional 66,543 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new stake in Taboola.com during the 1st quarter worth approximately $409,000. Hedge funds and other institutional investors own 42.89% of the company’s stock.

Taboola.com Stock Down 0.2%

TBLA opened at $4.92 on Friday. The firm has a 50-day simple moving average of $3.81 and a two-hundred day simple moving average of $3.86. Taboola.com has a 52 week low of $2.84 and a 52 week high of $5.26. The company has a market capitalization of $1.20 billion, a PE ratio of 12.95 and a beta of 1.43. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.07.

Taboola.com (NASDAQ:TBLA) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.21. The company had revenue of $466.40 million for the quarter, compared to analyst estimates of $453.30 million. Taboola.com had a net margin of 5.64% and a return on equity of 10.72%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.03) EPS. Analysts forecast that Taboola.com will post 0.41 earnings per share for the current fiscal year.

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.