Taboola.com (NASDAQ:TBLA) Trading Up 6.6%

Taboola.com Ltd. (NASDAQ:TBLAGet Rating) rose 6.6% during trading on Friday . The company traded as high as $3.70 and last traded at $3.70. Approximately 16,535 shares traded hands during trading, a decline of 99% from the average daily volume of 1,361,562 shares. The stock had previously closed at $3.47.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TBLA shares. Cowen reduced their price target on shares of Taboola.com from $9.00 to $6.00 in a research report on Tuesday, November 8th. Susquehanna Bancshares lowered their price target on shares of Taboola.com from $3.50 to $2.25 in a report on Monday, November 14th. Credit Suisse Group decreased their price objective on Taboola.com from $7.00 to $5.00 and set an “outperform” rating on the stock in a research report on Thursday, November 10th. Susquehanna dropped their target price on Taboola.com from $3.50 to $2.25 and set a “neutral” rating for the company in a report on Monday, November 14th. Finally, Needham & Company LLC increased their price target on Taboola.com from $2.50 to $3.50 and gave the company a “buy” rating in a report on Monday, December 19th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $4.43.

Taboola.com Stock Performance

The firm has a fifty day moving average price of $2.70 and a two-hundred day moving average price of $2.45. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.74 and a quick ratio of 1.74. The stock has a market capitalization of $952.52 million, a PE ratio of -34.18 and a beta of 1.33.

Taboola.com (NASDAQ:TBLAGet Rating) last released its earnings results on Wednesday, November 9th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.07. The business had revenue of $332.46 million during the quarter, compared to the consensus estimate of $322.43 million. Taboola.com had a positive return on equity of 0.20% and a negative net margin of 1.85%. Research analysts expect that Taboola.com Ltd. will post 0.05 EPS for the current year.

Hedge Funds Weigh In On Taboola.com

A number of institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC bought a new stake in shares of Taboola.com in the 1st quarter valued at about $36,000. Vanguard Personalized Indexing Management LLC bought a new stake in Taboola.com during the 2nd quarter valued at $44,000. PDT Partners LLC purchased a new position in shares of Taboola.com in the 2nd quarter valued at $50,000. Lazard Asset Management LLC bought a new position in shares of Taboola.com in the 1st quarter worth $54,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Taboola.com during the 1st quarter worth $58,000. 33.28% of the stock is owned by hedge funds and other institutional investors.

Taboola.com Company Profile

(Get Rating)

Taboola.com Ltd., together with its subsidiaries, operates an artificial intelligence-based algorithmic engine platform in Israel, the United Kingdom, the United States, Germany, France, 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.

Further Reading

Receive News & Ratings for Taboola.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taboola.com and related companies with MarketBeat.com's FREE daily email newsletter.