Taboola.com (NASDAQ:TBLA) Trading Up 6.6%

Taboola.com Ltd. (NASDAQ:TBLAGet Rating)’s stock price was up 6.6% on Friday . The stock traded as high as $3.70 and last traded at $3.70. Approximately 16,535 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 1,361,562 shares. The stock had previously closed at $3.47.

Wall Street Analyst Weigh In

TBLA has been the subject of several research reports. JMP Securities decreased their price objective on shares of Taboola.com from $7.00 to $6.00 and set a “market outperform” rating for the company in a report on Thursday, November 10th. Needham & Company LLC raised their price objective on shares of Taboola.com from $2.50 to $3.50 and gave the stock a “buy” rating in a report on Monday, December 19th. Credit Suisse Group decreased their target price on Taboola.com from $7.00 to $5.00 and set an “outperform” rating for the company in a research report on Thursday, November 10th. Cowen dropped their price target on Taboola.com from $9.00 to $6.00 in a research report on Tuesday, November 8th. Finally, Cowen decreased their price objective on Taboola.com from $9.00 to $6.00 in a report on Tuesday, November 8th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $4.43.

Taboola.com Trading Up 8.4 %

The stock has a 50-day moving average of $2.70 and a two-hundred day moving average of $2.45. The company has a market cap of $952.52 million, a P/E ratio of -34.18 and a beta of 1.33. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.74 and a current ratio of 1.74.

Taboola.com (NASDAQ:TBLAGet Rating) last posted its quarterly earnings results on Wednesday, November 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.07. Taboola.com had a positive return on equity of 0.20% and a negative net margin of 1.85%. The firm had revenue of $332.46 million during the quarter, compared to analyst estimates of $322.43 million. On average, equities research analysts predict that Taboola.com Ltd. will post 0.05 earnings per share for the current year.

Hedge Funds Weigh In On Taboola.com

Hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its holdings in shares of Taboola.com by 7.6% in the 3rd quarter. California State Teachers Retirement System now owns 65,392 shares of the company’s stock worth $118,000 after purchasing an additional 4,623 shares in the last quarter. ETF Managers Group LLC increased its holdings in Taboola.com by 8.2% in the 3rd quarter. ETF Managers Group LLC now owns 252,495 shares of the company’s stock worth $457,000 after buying an additional 19,056 shares in the last quarter. BlackRock Inc. raised its position in Taboola.com by 9.3% in the 3rd quarter. BlackRock Inc. now owns 959,427 shares of the company’s stock worth $1,736,000 after buying an additional 81,450 shares during the last quarter. Commonwealth Equity Services LLC bought a new position in Taboola.com during the 3rd quarter valued at about $186,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Taboola.com by 30.2% during the 3rd quarter. Renaissance Technologies LLC now owns 671,444 shares of the company’s stock valued at $1,215,000 after acquiring an additional 155,544 shares during the last quarter. 33.28% of the stock is currently owned by hedge funds and other institutional investors.

Taboola.com Company Profile

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Taboola.com Ltd., together with its subsidiaries, operates an artificial intelligence-based algorithmic engine platform in Israel, the United Kingdom, the United States, Germany, France, 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.

Further Reading

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