Taboola.com (NASDAQ:TBLA) Upgraded at Zacks Research

Zacks Research upgraded shares of Taboola.com (NASDAQ:TBLA) from a hold rating to a strong-buy rating in a research note published on Tuesday morning,Zacks.com reports.

Other equities analysts have also issued reports about the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Taboola.com in a report on Thursday, January 22nd. Needham & Company LLC reissued a “buy” rating and issued a $4.50 price objective on shares of Taboola.com in a research report on Wednesday, February 25th. Rosenblatt Securities upped their price objective on Taboola.com from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Finally, Wall Street Zen cut Taboola.com from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $5.00.

Taboola.com Stock Performance

NASDAQ TBLA opened at $3.40 on Tuesday. The company has a fifty day moving average price of $3.84 and a 200-day moving average price of $3.69. The firm has a market cap of $841.70 million, a price-to-earnings ratio of 22.67 and a beta of 1.34. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07. Taboola.com has a 1 year low of $2.50 and a 1 year high of $4.65.

Taboola.com (NASDAQ:TBLA) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). The firm had revenue of $522.31 million for the quarter, compared to analysts’ expectations of $537.80 million. Taboola.com had a return on equity of 11.97% and a net margin of 2.21%.The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.10 earnings per share.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its position in Taboola.com by 412.1% during the second 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. LSV Asset Management raised its position in shares of Taboola.com by 2,001.4% in the third quarter. LSV Asset Management now owns 1,983,558 shares of the company’s stock valued at $6,764,000 after purchasing an additional 1,889,168 shares during the period. Acadian Asset Management LLC lifted its stake in shares of 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 buying an additional 52,791 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Taboola.com by 73.4% during the 2nd quarter. Empowered Funds LLC now owns 1,253,648 shares of the company’s stock valued at $4,588,000 after buying an additional 530,664 shares in the last quarter. Finally, Globeflex Capital L P boosted its holdings in Taboola.com by 67.7% in the 2nd quarter. Globeflex Capital L P now owns 881,589 shares of the company’s stock worth $3,227,000 after buying an additional 355,944 shares during the period. 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.