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

Shares of Taboola.com Ltd. (NASDAQ:TBLA) have been given a consensus recommendation of “Buy” by the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $5.94.

A number of research analysts have issued reports on the company. Needham & Company LLC restated a “buy” rating and issued a $6.00 price objective on shares of Taboola.com in a research note on Thursday, March 28th. Oppenheimer upped 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. Finally, TheStreet upgraded Taboola.com from a “d+” rating to a “c-” rating in a research note on Friday, January 19th.

Taboola.com Trading Down 0.8 %

Shares of Taboola.com stock opened at $3.95 on Friday. The stock has a fifty day simple moving average of $4.40 and a 200 day simple moving average of $4.13. Taboola.com has a 12-month low of $2.16 and a 12-month high of $5.00. The company has a market capitalization of $1.17 billion, a P/E ratio of -16.46 and a beta of 1.37. 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 firm 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 business’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. On average, sell-side analysts anticipate that Taboola.com will post 0.13 earnings per share for the current fiscal year.

Insider Activity

In other news, CTO Lior Golan sold 21,927 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $4.88, for a total transaction of $107,003.76. Following the transaction, the chief technology officer now owns 2,545,291 shares of the company’s stock, valued at approximately $12,421,020.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 55,325 shares of company stock valued at $269,318 in the last 90 days. Insiders own 23.49% of the company’s stock.

Institutional Trading of Taboola.com

Institutional investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG purchased a new stake in Taboola.com during the 1st quarter worth about $25,000. WINTON GROUP Ltd purchased a new stake in Taboola.com during the 2nd quarter worth about $34,000. Acadian Asset Management LLC purchased a new stake in Taboola.com during the 1st quarter worth about $36,000. Vanguard Personalized Indexing Management LLC purchased a new stake in Taboola.com during the 2nd quarter worth about $44,000. Finally, Symmetry Peak Management LLC purchased a new stake in Taboola.com during the 4th quarter worth about $46,000. Hedge funds and other institutional investors own 42.89% of the company’s stock.

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.