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

Shares of Taboola.com Ltd. (NASDAQ:TBLA) have been given a consensus rating of “Buy” by the five analysts that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $5.94.

A number of brokerages have issued reports on TBLA. TheStreet upgraded Taboola.com from a “d+” rating to a “c-” rating in a research note on Friday, January 19th. Needham & Company LLC reiterated a “buy” rating and set a $6.00 price objective on shares of Taboola.com in a research note on Thursday, March 28th. Finally, Oppenheimer lifted their price objective on Taboola.com from $5.50 to $6.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th.

Insiders Place Their Bets

In other Taboola.com news, CTO Lior Golan sold 10,187 shares of Taboola.com stock in a transaction on Monday, February 12th. The stock was sold at an average price of $4.86, for a total value of $49,508.82. Following the completion of the sale, the chief technology officer now owns 2,545,291 shares of the company’s stock, valued at approximately $12,370,114.26. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders sold 55,325 shares of company stock valued at $269,318. Corporate insiders own 23.49% of the company’s stock.

Institutional Trading of Taboola.com

Several large investors have recently modified their holdings of TBLA. Wellington Management Group LLP grew its holdings in shares of Taboola.com by 22.2% in the fourth quarter. Wellington Management Group LLP now owns 15,767,681 shares of the company’s stock worth $68,274,000 after acquiring an additional 2,859,451 shares during the period. Sphera Funds Management LTD. bought a new stake in shares of Taboola.com in the fourth quarter worth $7,469,000. Cannell Capital LLC grew its holdings in shares of Taboola.com by 46.7% in the first quarter. Cannell Capital LLC now owns 4,982,409 shares of the company’s stock worth $25,709,000 after acquiring an additional 1,587,157 shares during the period. Millennium Management LLC grew its holdings in shares of Taboola.com by 518.3% in the fourth quarter. Millennium Management LLC now owns 1,519,938 shares of the company’s stock worth $4,681,000 after acquiring an additional 1,274,104 shares during the period. Finally, Metavasi Capital LP bought a new stake in shares of Taboola.com in the fourth quarter worth $3,388,000. Institutional investors own 42.89% of the company’s stock.

Taboola.com Stock Down 0.8 %

Shares of NASDAQ:TBLA opened at $3.95 on Friday. The stock has a fifty day simple moving average of $4.40 and a two-hundred day simple moving average of $4.13. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of -16.46 and a beta of 1.37. Taboola.com has a 12-month low of $2.16 and a 12-month high of $5.00. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. The business had revenue of $419.80 million during the quarter, compared to analysts’ expectations of $436.96 million. Taboola.com had a negative return on equity of 1.85% and a negative net margin of 5.70%. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.11 earnings per share. On average, research analysts anticipate that Taboola.com will post 0.13 earnings per share for the current fiscal year.

Taboola.com Company Profile

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.