Brokerages Set Taboola.com Ltd. (NASDAQ:TBLA) PT at $5.21

Taboola.com Ltd. (NASDAQ:TBLAGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $5.21.

A number of equities research analysts have recently issued reports on TBLA shares. Benchmark reiterated a “buy” rating and set a $6.00 price target on shares of Taboola.com in a research report on Tuesday, December 19th. TheStreet raised shares of Taboola.com from a “d+” rating to a “c-” rating in a research note on Friday, January 19th. B. Riley lifted their target price on shares of Taboola.com from $5.00 to $6.00 and gave the stock a “buy” rating in a research report on Thursday, December 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $5.00 price target on shares of Taboola.com in a report on Monday, January 8th.

Get Our Latest Stock Report on Taboola.com

Taboola.com Stock Down 0.4 %

Taboola.com stock opened at $4.74 on Tuesday. Taboola.com has a 1-year low of $2.16 and a 1-year high of $5.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.28 and a quick ratio of 1.28. The stock’s 50 day moving average price is $4.17 and its 200 day moving average price is $3.84. The company has a market cap of $1.43 billion, a PE ratio of -24.95 and a beta of 1.42.

Taboola.com (NASDAQ:TBLAGet Free Report) last announced its quarterly earnings data on Wednesday, November 8th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.08. Taboola.com had a negative net margin of 5.07% and a negative return on equity of 1.11%. The firm had revenue of $360.22 million during the quarter, compared to analysts’ expectations of $347.63 million. On average, sell-side analysts predict that Taboola.com will post -0.06 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Lior Golan sold 21,369 shares of Taboola.com stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $3.93, for a total value of $83,980.17. Following the completion of the sale, the chief technology officer now owns 2,545,291 shares of the company’s stock, valued at $10,002,993.63. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, COO Eldad Maniv sold 144,263 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $4.08, for a total transaction of $588,593.04. Following the completion of the sale, the chief operating officer now directly owns 9,028,345 shares of the company’s stock, valued at approximately $36,835,647.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Lior Golan sold 21,369 shares of the stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $3.93, for a total value of $83,980.17. Following the completion of the transaction, the chief technology officer now directly owns 2,545,291 shares in the company, valued at $10,002,993.63. The disclosure for this sale can be found here. Insiders have sold a total of 555,926 shares of company stock valued at $2,352,721 in the last quarter. 23.49% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Taboola.com

A number of institutional investors have recently added to or reduced their stakes in TBLA. Harbor Capital Advisors Inc. increased its holdings in Taboola.com by 10.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 28,326 shares of the company’s stock valued at $123,000 after purchasing an additional 2,726 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Taboola.com by 2.1% in the second quarter. Commonwealth Equity Services LLC now owns 159,709 shares of the company’s stock worth $497,000 after buying an additional 3,300 shares during the period. State Street Corp grew its stake in shares of Taboola.com by 0.9% in the second quarter. State Street Corp now owns 413,044 shares of the company’s stock valued at $1,045,000 after buying an additional 3,557 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Taboola.com by 24.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 20,504 shares of the company’s stock valued at $78,000 after buying an additional 4,030 shares during the period. Finally, Van ECK Associates Corp lifted its position in Taboola.com by 6.8% during the 3rd quarter. Van ECK Associates Corp now owns 69,769 shares of the company’s stock worth $264,000 after acquiring an additional 4,438 shares in the last quarter. Hedge funds and other institutional investors own 30.30% of the company’s stock.

Taboola.com Company Profile

(Get Free Report

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

Featured Stories

Analyst Recommendations for Taboola.com (NASDAQ:TBLA)

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.