Taboola.com Ltd. (NASDAQ:TBLA) Forecasted to Earn Q1 2024 Earnings of ($0.09) Per Share

Taboola.com Ltd. (NASDAQ:TBLA) – B. Riley issued their Q1 2024 EPS estimates for shares of Taboola.com in a research report issued to clients and investors on Tuesday, April 23rd. B. Riley analyst Z. Cummins anticipates that the company will post earnings per share of ($0.09) for the quarter. B. Riley currently has a “Buy” rating and a $5.25 target price on the stock. The consensus estimate for Taboola.com’s current full-year earnings is $0.04 per share. B. Riley also issued estimates for Taboola.com’s Q2 2024 earnings at ($0.04) EPS, Q3 2024 earnings at $0.05 EPS, Q4 2024 earnings at $0.10 EPS, FY2024 earnings at $0.01 EPS and FY2025 earnings at $0.19 EPS.

A number of other brokerages have also issued reports on TBLA. TheStreet raised shares of Taboola.com from a “d+” rating to a “c-” rating in a report on Friday, January 19th. Oppenheimer raised their target price on shares of Taboola.com from $5.50 to $6.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $6.00 target price on shares of Taboola.com in a research report on Thursday, March 28th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $5.79.

Taboola.com Price Performance

Shares of Taboola.com stock opened at $4.23 on Friday. The firm has a market cap of $1.25 billion, a PE ratio of -17.63 and a beta of 1.37. Taboola.com has a 12-month low of $2.16 and a 12-month high of $5.00. 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 company’s fifty day simple moving average is $4.34 and its two-hundred day simple moving average is $4.14.

Taboola.com (NASDAQ:TBLA) last released its earnings results on Wednesday, February 28th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.05. The company had revenue of $419.80 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.11 EPS.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Harbor Capital Advisors Inc. lifted its position in Taboola.com by 10.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 28,326 shares of the company’s stock valued at $123,000 after acquiring an additional 2,726 shares during the period. Bank of New York Mellon Corp raised its holdings in Taboola.com by 24.5% in the third quarter. Bank of New York Mellon Corp now owns 20,504 shares of the company’s stock worth $78,000 after buying an additional 4,030 shares during the last quarter. Van ECK Associates Corp raised its holdings in Taboola.com by 6.8% in the third quarter. Van ECK Associates Corp now owns 69,769 shares of the company’s stock worth $264,000 after buying an additional 4,438 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in Taboola.com by 8.0% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 60,701 shares of the company’s stock worth $270,000 after buying an additional 4,478 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC raised its holdings in Taboola.com by 35.6% in the first quarter. Counterpoint Mutual Funds LLC now owns 30,798 shares of the company’s stock worth $137,000 after buying an additional 8,079 shares during the last quarter. 42.89% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Taboola.com

In related news, CTO Lior Golan sold 10,187 shares of Taboola.com stock in a transaction dated 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 transaction, the chief technology officer now directly owns 2,545,291 shares of the company’s stock, valued at approximately $12,370,114.26. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 55,325 shares of company stock valued at $269,318. Company insiders own 23.49% 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.