Equities Analysts Issue Forecasts for Taboola.com Ltd.’s Q3 2024 Earnings (NASDAQ:TBLA)

Taboola.com Ltd. (NASDAQ:TBLA) – Analysts at B. Riley dropped their Q3 2024 earnings per share estimates for shares of Taboola.com in a research note issued to investors on Wednesday, August 7th. B. Riley analyst Z. Cummins now anticipates that the company will earn $0.01 per share for the quarter, down from their prior estimate of $0.02. B. Riley currently has a “Buy” rating and a $5.25 target price on the stock. The consensus estimate for Taboola.com’s current full-year earnings is $0.03 per share. B. Riley also issued estimates for Taboola.com’s Q4 2024 earnings at $0.12 EPS, FY2024 earnings at $0.03 EPS and FY2025 earnings at $0.16 EPS.

Other analysts have also issued reports about the stock. Needham & Company LLC restated a “buy” rating and set a $5.00 price target on shares of Taboola.com in a research report on Thursday. Benchmark restated a “buy” rating and set a $6.00 target price on shares of Taboola.com in a report on Tuesday, August 6th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $5.56.

Taboola.com Price Performance

TBLA stock opened at $3.14 on Friday. The firm has a market cap of $912.90 million, a P/E ratio of -13.65 and a beta of 1.29. The firm’s fifty day moving average is $3.42 and its 200 day moving average is $4.05. Taboola.com has a 52 week low of $2.87 and a 52 week 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 results on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. The business had revenue of $428.00 million for the quarter, compared to analysts’ expectations of $428.67 million. Taboola.com had a negative net margin of 5.04% and a negative return on equity of 2.64%. The business’s quarterly revenue was up 28.9% on a year-over-year basis. During the same period last year, the business earned ($0.05) earnings per share.

Institutional Investors Weigh In On Taboola.com

Large investors have recently modified their holdings of the stock. Wellington Management Group LLP lifted its position in Taboola.com by 22.2% during the fourth quarter. Wellington Management Group LLP now owns 15,767,681 shares of the company’s stock valued at $68,274,000 after buying an additional 2,859,451 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Taboola.com by 20.9% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,043,235 shares of the company’s stock worth $17,507,000 after purchasing an additional 700,000 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Taboola.com by 181.2% in the 2nd quarter. Acadian Asset Management LLC now owns 1,888,614 shares of the company’s stock worth $6,489,000 after purchasing an additional 1,216,902 shares in the last quarter. Checchi Capital Advisers LLC grew its position in Taboola.com by 38.5% during the 1st quarter. Checchi Capital Advisers LLC now owns 1,069,944 shares of the company’s stock valued at $4,751,000 after purchasing an additional 297,411 shares during the last quarter. Finally, Yarra Square Partners LP increased its stake in Taboola.com by 6.6% during the 1st quarter. Yarra Square Partners LP now owns 1,049,485 shares of the company’s stock valued at $4,660,000 after purchasing an additional 65,000 shares in 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.