Taboola.com (TBLA) Scheduled to Post Quarterly Earnings on Wednesday

Taboola.com (NASDAQ:TBLA) is scheduled to be announcing its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to post earnings of ($0.08) per share for the quarter. Taboola.com has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Taboola.com (NASDAQ:TBLA) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 5.70% and a negative return on equity of 1.85%. The firm’s revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.11 EPS. On average, analysts expect Taboola.com to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Taboola.com Stock Up 0.7 %

TBLA opened at $4.43 on Monday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.13. The business’s fifty day simple moving average is $4.30 and its 200 day simple moving average is $4.16. Taboola.com has a 52 week low of $2.16 and a 52 week high of $5.00. The stock has a market cap of $1.31 billion, a PE ratio of -18.46 and a beta of 1.35.

Insider Transactions at Taboola.com

In related news, CTO Lior Golan sold 10,187 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $4.86, for a total transaction of $49,508.82. Following the completion of the sale, the chief technology officer now directly owns 2,545,291 shares in the company, valued at approximately $12,370,114.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 23.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TBLA shares. B. Riley reissued a “buy” rating and set a $5.25 price objective on shares of Taboola.com in a report on Wednesday, April 24th. Needham & Company LLC reissued a “buy” rating and set a $6.00 price target on shares of Taboola.com in a research note on Thursday, March 28th. Oppenheimer upped their price objective on shares of 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 raised shares of Taboola.com from a “d+” rating to a “c-” rating in a report on Friday, January 19th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Taboola.com currently has a consensus rating of “Buy” and an average price target of $5.79.

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.