Taboola.com (TBLA) Scheduled to Post Earnings on Wednesday

Taboola.com (NASDAQ:TBLA) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, November 8th. Analysts expect Taboola.com to post earnings of ($0.04) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Taboola.com (NASDAQ:TBLA) last posted its earnings results on Wednesday, August 9th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.03. The firm had revenue of $332.00 million during the quarter, compared to analyst estimates of $317.47 million. Taboola.com had a negative net margin of 5.39% and a negative return on equity of 0.86%. On average, analysts expect Taboola.com to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Taboola.com Price Performance

NASDAQ:TBLA opened at $3.83 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of -17.41 and a beta of 1.47. The company has a 50 day moving average price of $3.71 and a 200-day moving average price of $3.29. Taboola.com has a 1-year low of $1.52 and a 1-year high of $4.45.

Analysts Set New Price Targets

A number of research analysts have weighed in on TBLA shares. Needham & Company LLC reissued a “buy” rating and issued a $5.00 target price on shares of Taboola.com in a research note on Thursday, August 10th. Benchmark reissued a “buy” rating and issued a $6.00 target price on shares of Taboola.com in a research note on Wednesday, October 11th. Finally, Credit Suisse Group raised their target price on shares of Taboola.com from $5.50 to $5.70 and gave the stock an “outperform” rating in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $4.90.

Insiders Place Their Bets

In other news, CTO Lior Golan sold 30,000 shares of the company’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of $4.02, for a total value of $120,600.00. Following the sale, the chief technology officer now directly owns 2,545,291 shares in the company, valued at $10,232,069.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 31,220 shares of company stock worth $125,480. 23.49% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Taboola.com

Several hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC lifted its position in shares of Taboola.com by 2.1% during the second quarter. Commonwealth Equity Services LLC now owns 159,709 shares of the company’s stock worth $497,000 after purchasing an additional 3,300 shares in the last quarter. State Street Corp increased its stake in shares of Taboola.com by 0.9% in the second quarter. State Street Corp now owns 413,044 shares of the company’s stock worth $1,045,000 after buying an additional 3,557 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Taboola.com in the first quarter worth $36,000. Citigroup Inc. increased its stake in shares of Taboola.com by 7.2% in the second quarter. Citigroup Inc. now owns 113,996 shares of the company’s stock worth $355,000 after buying an additional 7,618 shares during the last quarter. Finally, Walleye Capital LLC increased its stake in shares of Taboola.com by 9.3% in the second quarter. Walleye Capital LLC now owns 102,344 shares of the company’s stock worth $318,000 after buying an additional 8,685 shares during the last quarter. 30.30% of the stock is currently owned by hedge funds and other institutional investors.

Taboola.com Company Profile

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