Taboola.com (NASDAQ:TBLA) Given Buy Rating at Benchmark

Benchmark reiterated their buy rating on shares of Taboola.com (NASDAQ:TBLA) in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a $6.00 target price on the stock.

A number of other analysts have also recently weighed in on the company. Needham & Company LLC reaffirmed a buy rating and issued a $5.00 price target on shares of Taboola.com in a research report on Thursday, August 10th. Credit Suisse Group boosted their price target on Taboola.com from $5.50 to $5.70 and gave the stock an outperform rating in a research report on Thursday, August 10th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Taboola.com presently has an average rating of Moderate Buy and an average target price of $4.90.

Taboola.com Stock Performance

Shares of NASDAQ TBLA opened at $3.48 on Tuesday. Taboola.com has a one year low of $1.52 and a one year high of $4.45. The business’s 50-day moving average price is $3.71 and its two-hundred day moving average price is $3.31. The company has a market capitalization of $1.05 billion, a P/E ratio of -15.82 and a beta of 1.47. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.55 and a quick ratio of 1.55.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings results on Wednesday, August 9th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. Taboola.com had a negative return on equity of 0.86% and a negative net margin of 5.39%. The company had revenue of $332.00 million during the quarter, compared to analysts’ expectations of $317.47 million. Analysts anticipate that Taboola.com will post -0.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CTO Lior Golan sold 30,000 shares of the business’s stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $4.02, for a total transaction of $120,600.00. Following the completion of the transaction, the chief technology officer now owns 2,545,291 shares of the company’s stock, valued at approximately $10,232,069.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders sold 31,220 shares of company stock valued at $125,480. Insiders own 23.49% of the company’s stock.

Hedge Funds Weigh In On Taboola.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. bought a new position in Taboola.com during the second quarter valued at about $46,000. G2 Investment Partners Management LLC increased its stake in Taboola.com by 0.9% during the first quarter. G2 Investment Partners Management LLC now owns 3,025,000 shares of the company’s stock valued at $8,228,000 after acquiring an additional 26,861 shares during the period. Grace & White Inc. NY bought a new position in Taboola.com during the first quarter valued at about $36,000. Ardsley Advisory Partners LP increased its stake in Taboola.com by 23.2% during the first quarter. Ardsley Advisory Partners LP now owns 1,407,500 shares of the company’s stock valued at $3,828,000 after acquiring an additional 265,000 shares during the period. Finally, ARK Investment Management LLC grew its stake in shares of Taboola.com by 31.3% in the 2nd quarter. ARK Investment Management LLC now owns 848,715 shares of the company’s stock valued at $2,640,000 after purchasing an additional 202,557 shares during the period. 30.30% of the stock is currently owned by institutional investors.

About Taboola.com

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.