Taboola.com (NASDAQ:TBLA) Trading Up 6.4% – Here’s Why

Taboola.com Ltd. (NASDAQ:TBLA)’s share price rose 6.4% on Thursday . The company traded as high as $3.45 and last traded at $3.3850. Approximately 2,204,100 shares traded hands during mid-day trading, an increase of 52% from the average daily volume of 1,452,002 shares. The stock had previously closed at $3.18.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TBLA. Zacks Research raised shares of Taboola.com from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of Taboola.com in a research note on Thursday, January 22nd. Rosenblatt Securities upped their price objective on shares of Taboola.com from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Needham & Company LLC reissued a “buy” rating and set a $4.50 target price on shares of Taboola.com in a research report on Wednesday, February 25th. Finally, Wall Street Zen lowered Taboola.com from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 28th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Taboola.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.00.

Taboola.com Stock Up 6.8%

The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average price of $3.86 and a 200-day moving average price of $3.70. The firm has a market capitalization of $840.47 million, a PE ratio of 22.70 and a beta of 1.34.

Taboola.com (NASDAQ:TBLA) last posted its earnings results on Wednesday, February 25th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $537.80 million. During the same quarter in the previous year, the firm earned $0.10 EPS. Taboola.com’s revenue for the quarter was up 6.4% compared to the same quarter last year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TBLA. Baird Financial Group Inc. acquired a new stake in Taboola.com during the first quarter worth approximately $59,000. AQR Capital Management LLC increased its holdings in Taboola.com by 60.6% in the first quarter. AQR Capital Management LLC now owns 998,731 shares of the company’s stock valued at $2,946,000 after purchasing an additional 376,684 shares during the period. Empowered Funds LLC boosted its holdings in Taboola.com by 41.1% in the first quarter. Empowered Funds LLC now owns 722,984 shares of the company’s stock valued at $2,133,000 after acquiring an additional 210,562 shares during the last quarter. Yelin Lapidot Holdings Management Ltd. increased its holdings in Taboola.com by 46.1% in the second quarter. Yelin Lapidot Holdings Management Ltd. now owns 768,731 shares of the company’s stock worth $2,814,000 after purchasing an additional 242,718 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of Taboola.com by 1.8% in the 2nd quarter. Acadian Asset Management LLC now owns 2,928,713 shares of the company’s stock valued at $10,712,000 after acquiring an additional 52,791 shares in the last quarter. 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.