Taboola.com Ltd. (NASDAQ:TBLA) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Taboola.com Ltd. (NASDAQ:TBLA) have been given an average rating of “Moderate Buy” by the nine ratings firms that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $4.80.

Several research analysts recently weighed in on TBLA shares. Wall Street Zen raised Taboola.com from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Taboola.com in a research report on Wednesday, October 8th. Rosenblatt Securities started coverage on shares of Taboola.com in a research note on Friday, December 19th. They issued a “buy” rating and a $6.00 price objective on the stock. Finally, BTIG Research initiated coverage on shares of Taboola.com in a research report on Tuesday, October 7th. They issued a “neutral” rating for the company.

Insider Buying and Selling at Taboola.com

In other Taboola.com news, 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 transaction of $1,568,004.48. Following the transaction, the chief operating officer owned 10,392,460 shares in the company, valued at $39,283,498.80. This trade represents a 3.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Nechemia Jacob Peres sold 6,387,648 shares of Taboola.com stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $3.67, for a total value of $23,442,668.16. The SEC filing for this sale provides additional information. Insiders have sold 6,812,509 shares of company stock worth $25,048,341 over the last three months. Company insiders own 24.70% of the company’s stock.

Institutional Investors Weigh In On Taboola.com

A number of hedge funds have recently added to or reduced their stakes in the stock. Atria Wealth Solutions Inc. bought a new stake in shares of Taboola.com during the 2nd quarter valued at $37,000. Pallas Capital Advisors LLC bought a new position in Taboola.com during the second quarter worth about $41,000. Quarry LP bought a new stake in shares of Taboola.com in the 3rd quarter valued at about $42,000. Headlands Technologies LLC bought a new stake in shares of Taboola.com in the 2nd quarter valued at about $43,000. Finally, Captrust Financial Advisors acquired a new stake in shares of Taboola.com in the 2nd quarter valued at approximately $46,000. Institutional investors own 42.89% of the company’s stock.

Taboola.com Stock Performance

Taboola.com stock opened at $4.18 on Friday. Taboola.com has a fifty-two week low of $2.50 and a fifty-two week high of $4.65. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 52.26 and a beta of 1.26. The stock has a fifty day moving average of $4.15 and a two-hundred day moving average of $3.66. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 1.06.

Taboola.com (NASDAQ:TBLA) last released its earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). The firm had revenue of $496.76 million during the quarter, compared to analyst estimates of $465.57 million. Taboola.com had a return on equity of 8.12% and a net margin of 1.34%.The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.02) earnings per share.

About Taboola.com

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.