Taboola.com (NASDAQ:TBLA) Given “Buy” Rating at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Taboola.com (NASDAQ:TBLA) in a research report report published on Thursday morning, Benzinga reports. The brokerage currently has a $6.00 price target on the stock.

Several other analysts also recently issued reports on TBLA. Oppenheimer upped their price target on Taboola.com from $5.50 to $6.00 and gave the stock an outperform rating in a research note on Thursday, February 29th. Benchmark restated a buy rating and set a $6.00 target price on shares of Taboola.com in a research note on Tuesday, December 19th. TheStreet upgraded Taboola.com from a d+ rating to a c- rating in a research note on Friday, January 19th. Finally, B. Riley increased their target price on Taboola.com from $5.00 to $6.00 and gave the company a buy rating in a research note on Thursday, December 21st. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of Buy and a consensus price target of $5.94.

Taboola.com Stock Performance

TBLA opened at $4.44 on Thursday. The company has a market cap of $1.31 billion, a PE ratio of -18.50 and a beta of 1.37. The stock has a 50-day moving average of $4.52 and a 200-day moving average of $4.08. Taboola.com has a 52-week low of $2.16 and a 52-week high of $5.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 1.32.

Taboola.com (NASDAQ:TBLA) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.05. The company had revenue of $419.80 million during the quarter, compared to the consensus estimate 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 revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.11 EPS. As a group, equities research analysts forecast that Taboola.com will post 0.13 earnings per share for the current fiscal year.

Insider Transactions at Taboola.com

In other news, COO Eldad Maniv sold 33,141 shares of the stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $4.01, for a total value of $132,895.41. Following the completion of the transaction, the chief operating officer now directly owns 8,894,229 shares of the company’s stock, valued at approximately $35,665,858.29. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Taboola.com news, CTO Lior Golan sold 21,927 shares of Taboola.com stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $4.88, for a total value of $107,003.76. Following the completion of the transaction, the chief technology officer now owns 2,545,291 shares in the company, valued at approximately $12,421,020.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Eldad Maniv sold 33,141 shares of Taboola.com stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $4.01, for a total value of $132,895.41. Following the completion of the transaction, the chief operating officer now owns 8,894,229 shares of the company’s stock, valued at approximately $35,665,858.29. The disclosure for this sale can be found here. In the last ninety days, insiders sold 480,946 shares of company stock valued at $2,055,413. Corporate insiders own 23.49% of the company’s stock.

Institutional Investors Weigh In On Taboola.com

Several hedge funds and other institutional investors have recently made changes to their positions in TBLA. Deutsche Bank AG acquired a new stake in shares of Taboola.com in the 1st quarter valued at $25,000. WINTON GROUP Ltd acquired a new stake in shares of Taboola.com during the second quarter worth $34,000. Acadian Asset Management LLC acquired a new stake in shares of Taboola.com during the first quarter worth $36,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Taboola.com during the second quarter worth $44,000. Finally, Symmetry Peak Management LLC acquired a new stake in shares of Taboola.com during the fourth quarter worth $46,000. 42.89% of the stock is owned by institutional investors and hedge funds.

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.