Taboola.com (NASDAQ:TBLA) Now Covered by Analysts at Rosenblatt Securities

Rosenblatt Securities started coverage on shares of Taboola.com (NASDAQ:TBLA) in a research note released on Friday, MarketBeat.com reports. The firm issued a buy rating and a $6.00 price target on the stock.

Several other analysts have also weighed in on TBLA. Weiss Ratings restated a “hold (c)” rating on shares of Taboola.com in a report on Wednesday, October 8th. Wall Street Zen raised shares of Taboola.com from a “hold” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Finally, BTIG Research started coverage on shares of Taboola.com in a report on Tuesday, October 7th. They issued a “neutral” rating for the company. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $4.80.

Taboola.com Price Performance

TBLA stock opened at $4.01 on Friday. Taboola.com has a 52 week low of $2.50 and a 52 week high of $4.26. The firm has a market capitalization of $1.16 billion, a P/E ratio of 50.13 and a beta of 1.30. The company has a fifty day simple moving average of $3.76 and a two-hundred day simple moving average of $3.56. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.08.

Taboola.com (NASDAQ:TBLA) last announced its earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.03). The business had revenue of $496.76 million for the quarter, compared to analysts’ expectations of $465.57 million. Taboola.com had a net margin of 1.34% and a return on equity of 8.12%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.02) earnings per share.

Insider Buying and Selling

In other news, Director Nechemia Jacob Peres sold 6,387,648 shares of Taboola.com stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $3.67, for a total transaction of $23,442,668.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Eldad Maniv sold 414,816 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $3.78, for a total value of $1,568,004.48. Following the completion of the transaction, the chief operating officer directly owned 10,392,460 shares in the company, valued at approximately $39,283,498.80. This trade represents a 3.84% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 6,812,509 shares of company stock worth $25,048,341. Corporate insiders own 24.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TBLA. Arrowstreet Capital Limited Partnership lifted its position in shares of Taboola.com by 412.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,113,200 shares of the company’s stock worth $11,394,000 after purchasing an additional 2,505,249 shares during the period. Acadian Asset Management LLC boosted its position in Taboola.com by 1.8% during 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. Bridgeway Capital Management LLC increased its holdings in shares of Taboola.com by 6.9% in the 3rd quarter. Bridgeway Capital Management LLC now owns 2,289,068 shares of the company’s stock valued at $7,806,000 after acquiring an additional 147,920 shares during the period. Bank of America Corp DE raised its position in shares of Taboola.com by 8.2% in the 3rd quarter. Bank of America Corp DE now owns 2,149,621 shares of the company’s stock worth $7,330,000 after acquiring an additional 163,605 shares in the last quarter. Finally, Two Sigma Investments LP lifted its stake in shares of Taboola.com by 114.6% during the 3rd quarter. Two Sigma Investments LP now owns 2,005,558 shares of the company’s stock worth $6,839,000 after purchasing an additional 1,070,864 shares during the last quarter. Hedge funds and other 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.