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

Shares of Taboola.com Ltd. (NASDAQ:TBLA) have earned a consensus rating of “Buy” from the five research firms that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $5.79.

A number of research firms have issued reports on TBLA. Needham & Company LLC reissued a “buy” rating and issued a $6.00 price objective on shares of Taboola.com in a report on Wednesday, May 8th. Benchmark reissued a “buy” rating and set a $6.00 target price on shares of Taboola.com in a research note on Monday, May 6th. TheStreet upgraded shares of Taboola.com from a “d+” rating to a “c-” rating in a report on Friday, January 19th. B. Riley reiterated a “buy” rating and issued a $5.25 target price on shares of Taboola.com in a report on Wednesday, April 24th. Finally, Oppenheimer raised their price target on shares of Taboola.com from $5.50 to $6.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its position in shares of Taboola.com by 22.2% in the 4th quarter. Wellington Management Group LLP now owns 15,767,681 shares of the company’s stock worth $68,274,000 after purchasing an additional 2,859,451 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Taboola.com by 20.9% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,043,235 shares of the company’s stock worth $17,507,000 after acquiring an additional 700,000 shares during the last quarter. Checchi Capital Advisers LLC raised its stake in shares of Taboola.com by 38.5% in the first quarter. Checchi Capital Advisers LLC now owns 1,069,944 shares of the company’s stock worth $4,751,000 after buying an additional 297,411 shares during the period. Yarra Square Partners LP boosted its position in shares of Taboola.com by 6.6% in the first 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 during the period. Finally, Acadian Asset Management LLC lifted its position in shares of Taboola.com by 558.2% in the first quarter. Acadian Asset Management LLC now owns 671,712 shares of the company’s stock valued at $2,977,000 after acquiring an additional 569,663 shares in the last quarter. 42.89% of the stock is currently owned by institutional investors.

Taboola.com Stock Up 0.2 %

NASDAQ:TBLA opened at $4.34 on Thursday. The firm has a market capitalization of $1.26 billion, a P/E ratio of -18.87 and a beta of 1.35. Taboola.com has a 12-month low of $2.58 and a 12-month high of $5.00. The stock’s fifty day simple moving average is $4.29 and its 200-day simple moving average is $4.21. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Taboola.com (NASDAQ:TBLA) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. The business had revenue of $419.80 million for the quarter, compared to analyst estimates of $436.96 million. Taboola.com had a negative net margin of 5.04% and a negative return on equity of 2.64%. The firm’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the business posted $0.11 earnings per share. Equities research analysts expect that Taboola.com will post 0.04 earnings per share for the current year.

About Taboola.com

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.