Benchmark Reiterates “Buy” Rating for Taboola.com (NASDAQ:TBLA)

Taboola.com (NASDAQ:TBLA)‘s stock had its “buy” rating reaffirmed by investment analysts at Benchmark in a report released on Monday, Benzinga reports. They currently have a $6.00 target price on the stock. Benchmark’s target price points to a potential upside of 32.45% from the company’s current price.

A number of other research analysts have also issued reports on the stock. B. Riley reissued a “buy” rating and set a $5.25 target price on shares of Taboola.com in a research note on Wednesday, April 24th. TheStreet raised Taboola.com from a “d+” rating to a “c-” rating in a research note on Friday, January 19th. Oppenheimer raised their price target on Taboola.com from $5.50 to $6.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $6.00 price objective on shares of Taboola.com in a research note on Thursday, March 28th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $5.79.

Taboola.com Price Performance

TBLA stock opened at $4.53 on Monday. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of -18.96 and a beta of 1.35. Taboola.com has a 1-year low of $2.27 and a 1-year high of $5.00. The firm has a fifty day moving average price of $4.30 and a two-hundred day moving average price of $4.17. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.32 and a quick ratio of 1.32.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. Taboola.com had a negative return on equity of 1.85% and a negative net margin of 5.70%. The business had revenue of $419.80 million for the quarter, compared to analysts’ expectations of $436.96 million. During the same period in the prior year, the firm earned $0.11 EPS. The business’s quarterly revenue was up 13.1% on a year-over-year basis. Research analysts predict that Taboola.com will post 0.04 EPS for the current year.

Insider Activity

In related news, CTO Lior Golan sold 10,187 shares of Taboola.com stock in a transaction on Monday, February 12th. The stock was sold at an average price of $4.86, for a total value of $49,508.82. Following the transaction, the chief technology officer now directly owns 2,545,291 shares in the company, valued at approximately $12,370,114.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 22.40% of the company’s stock.

Hedge Funds Weigh In On Taboola.com

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP lifted its stake 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of 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 valued at $17,507,000 after acquiring an additional 700,000 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in Taboola.com by 38.5% in the 1st quarter. Checchi Capital Advisers LLC now owns 1,069,944 shares of the company’s stock worth $4,751,000 after purchasing an additional 297,411 shares during the period. Yarra Square Partners LP grew its position 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 worth $4,660,000 after purchasing an additional 65,000 shares in the last quarter. Finally, GSA Capital Partners LLP raised its position in Taboola.com by 292.4% during the fourth quarter. GSA Capital Partners LLP now owns 657,758 shares of the company’s stock valued at $2,848,000 after buying an additional 490,149 shares during the period. Institutional investors and hedge funds 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.