Taboola.com Ltd. (NASDAQ:TBLA) Receives $5.94 Consensus Target Price from Brokerages

Shares of Taboola.com Ltd. (NASDAQ:TBLA) have been given a consensus recommendation of “Buy” by the five brokerages that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have issued a report on the stock in the last year is $5.94.

Several equities research analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $6.00 target price on shares of Taboola.com in a research note on Thursday, March 28th. TheStreet raised shares of Taboola.com from a “d+” rating to a “c-” rating in a research note on Friday, January 19th. Finally, Oppenheimer increased their target price on shares of Taboola.com from $5.50 to $6.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th.

Taboola.com Price Performance

Shares of TBLA opened at $4.18 on Friday. The business’s 50-day moving average is $4.38 and its two-hundred day moving average is $4.13. The company has a market capitalization of $1.24 billion, a P/E ratio of -17.42 and a beta of 1.37. 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 has a fifty-two week low of $2.16 and a fifty-two week high of $5.00.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.05. The company had revenue of $419.80 million for 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 for the quarter was up 13.1% compared to the same quarter last year. During the same period last year, the firm earned $0.11 EPS. Research analysts predict that Taboola.com will post 0.13 earnings per share for the current year.

Insider Activity at Taboola.com

In other Taboola.com news, CTO Lior Golan sold 21,927 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $4.88, for a total value of $107,003.76. Following the completion of the sale, the chief technology officer now owns 2,545,291 shares in the company, valued at approximately $12,421,020.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 55,325 shares of company stock valued at $269,318. 23.49% of the stock is owned by corporate insiders.

Institutional Trading of Taboola.com

A number of hedge funds have recently bought and sold shares of TBLA. Bank of New York Mellon Corp raised its holdings in Taboola.com by 24.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 20,504 shares of the company’s stock valued at $78,000 after acquiring an additional 4,030 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in shares of Taboola.com during the 4th quarter worth approximately $98,000. Harbor Capital Advisors Inc. increased its holdings in shares of Taboola.com by 10.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 28,326 shares of the company’s stock worth $123,000 after buying an additional 2,726 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Taboola.com during the 3rd quarter worth approximately $145,000. Finally, Barclays PLC acquired a new stake in shares of Taboola.com during the 2nd quarter worth approximately $148,000. Institutional investors and hedge funds 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.