Taboola.com (NASDAQ:TBLA) Rating Reiterated by Benchmark

Taboola.com (NASDAQ:TBLA)‘s stock had its “buy” rating reiterated by equities research analysts at Benchmark in a research note issued on Monday, Benzinga reports. They currently have a $6.00 price objective on the stock. Benchmark’s price objective would suggest a potential upside of 32.45% from the company’s current price.

TBLA has been the topic of several other research reports. B. Riley reissued a “buy” rating and set a $5.25 price target on shares of Taboola.com in a research report on Wednesday, April 24th. Needham & Company LLC restated a “buy” rating and set a $6.00 price target on shares of Taboola.com in a report 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 report on Thursday, February 29th. Finally, TheStreet upgraded Taboola.com from a “d+” rating to a “c-” rating in a research report on Friday, January 19th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $5.79.

Taboola.com Stock Performance

TBLA opened at $4.53 on Monday. The firm has a market capitalization of $1.34 billion, a PE ratio of -18.96 and a beta of 1.35. 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 has a twelve month low of $2.27 and a twelve month high of $5.00. The firm’s 50-day moving average price is $4.30 and its 200 day moving average price is $4.17.

Taboola.com (NASDAQ:TBLA) last posted its quarterly earnings results 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. Taboola.com had a negative return on equity of 1.85% and a negative net margin of 5.70%. The business had revenue of $419.80 million during the quarter, compared to analyst estimates of $436.96 million. During the same period in the prior year, the business earned $0.11 earnings per share. The business’s revenue was up 13.1% compared to the same quarter last year. As a group, sell-side analysts expect that Taboola.com will post 0.04 EPS for the current fiscal year.

Insider Transactions at Taboola.com

In related news, CTO Lior Golan sold 10,187 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $4.86, for a total value of $49,508.82. Following the sale, the chief technology officer now owns 2,545,291 shares of the company’s stock, valued at $12,370,114.26. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 22.40% of the company’s stock.

Hedge Funds Weigh In On Taboola.com

Several large investors have recently bought and sold shares of TBLA. Wellington Management Group LLP boosted its position in shares of Taboola.com by 22.2% during the 4th quarter. Wellington Management Group LLP now owns 15,767,681 shares of the company’s stock worth $68,274,000 after acquiring an additional 2,859,451 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Taboola.com by 20.9% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,043,235 shares of the company’s stock worth $17,507,000 after purchasing an additional 700,000 shares during the last quarter. Checchi Capital Advisers LLC boosted its holdings in Taboola.com by 38.5% in the first quarter. Checchi Capital Advisers LLC now owns 1,069,944 shares of the company’s stock valued at $4,751,000 after purchasing an additional 297,411 shares in the last quarter. Yarra Square Partners LP increased its stake in Taboola.com by 6.6% in the first quarter. Yarra Square Partners LP now owns 1,049,485 shares of the company’s stock valued at $4,660,000 after purchasing an additional 65,000 shares during the last quarter. Finally, GSA Capital Partners LLP increased its stake in Taboola.com by 292.4% in the fourth quarter. GSA Capital Partners LLP now owns 657,758 shares of the company’s stock valued at $2,848,000 after purchasing an additional 490,149 shares during the last quarter. Hedge funds and other institutional investors own 42.89% of the company’s stock.

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.