Taboola.com (NASDAQ:TBLA) Stock Price Up 0.3% – Still a Buy?

Shares of Taboola.com Ltd. (NASDAQ:TBLA) were up 0.3% on Monday . The stock traded as high as $3.06 and last traded at $3.01. Approximately 1,158,772 shares changed hands during trading, a decline of 53% from the average daily volume of 2,461,262 shares. The stock had previously closed at $3.00.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TBLA shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Taboola.com in a research note on Thursday, January 22nd. Zacks Research upgraded Taboola.com from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $4.50 price objective on shares of Taboola.com in a report on Wednesday, February 25th. Wall Street Zen cut Taboola.com from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 28th. Finally, Rosenblatt Securities increased their target price on shares of Taboola.com from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $5.00.

Taboola.com Stock Performance

The stock has a 50-day simple moving average of $3.42 and a 200-day simple moving average of $3.67. The stock has a market cap of $745.15 million, a P/E ratio of 20.07 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 (NASDAQ:TBLA) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Taboola.com had a net margin of 2.21% and a return on equity of 11.97%. The company had revenue of $522.31 million during the quarter, compared to the consensus estimate of $537.80 million. During the same period in the previous year, the company earned $0.10 EPS. Taboola.com’s revenue for the quarter was up 6.4% on a year-over-year basis.

Hedge Funds Weigh In On Taboola.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in TBLA. Arrowstreet Capital Limited Partnership increased its holdings in Taboola.com by 412.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,113,200 shares of the company’s stock valued at $11,394,000 after purchasing an additional 2,505,249 shares during the period. LSV Asset Management grew its stake in Taboola.com by 31.5% during the fourth quarter. LSV Asset Management now owns 2,608,389 shares of the company’s stock worth $12,025,000 after purchasing an additional 624,831 shares during the period. Bridgeway Capital Management LLC increased its stake 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 in the last quarter. Bank of America Corp DE increased its stake in Taboola.com by 8.2% in the third quarter. Bank of America Corp DE now owns 2,149,621 shares of the company’s stock valued at $7,330,000 after purchasing an additional 163,605 shares in the last quarter. Finally, Two Sigma Investments LP increased its position in Taboola.com by 114.6% in the 3rd quarter. Two Sigma Investments LP now owns 2,005,558 shares of the company’s stock valued at $6,839,000 after buying an additional 1,070,864 shares in the last quarter. 42.89% of the stock is currently owned by institutional investors and hedge funds.

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.