Benchmark Reiterates “Buy” Rating for Taboola.com (NASDAQ:TBLA)

Benchmark restated their buy rating on shares of Taboola.com (NASDAQ:TBLA) in a research report report published on Monday, Benzinga reports. They currently have a $6.00 price objective on the stock.

TBLA has been the topic of several other research reports. Oppenheimer upped their target price on Taboola.com from $5.50 to $6.00 and gave the company an outperform rating in a research report on Thursday, February 29th. B. Riley reiterated a buy rating and set a $5.25 price objective on shares of Taboola.com in a research report on Wednesday, April 24th. TheStreet raised Taboola.com from a d+ rating to a c- rating in a research note on Friday, January 19th. Finally, Needham & Company LLC reiterated a buy rating and set a $6.00 price objective on shares of Taboola.com in a research note on Thursday, March 28th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of Buy and a consensus price target of $5.79.

Taboola.com Trading Up 2.3 %

Shares of Taboola.com stock opened at $4.53 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 has a fifty day simple moving average of $4.30 and a two-hundred day simple moving average of $4.16. Taboola.com has a 1 year low of $2.27 and a 1 year high of $5.00.

Taboola.com (NASDAQ:TBLA) last posted its earnings results 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. Taboola.com had a negative net margin of 5.70% and a negative return on equity of 1.85%. The company had revenue of $419.80 million during the quarter, compared to analysts’ expectations of $436.96 million. During the same quarter last year, the company posted $0.11 EPS. Taboola.com’s quarterly revenue was up 13.1% compared to the same quarter last year. On average, research analysts anticipate that Taboola.com will post 0.04 earnings per share for the current year.

Insiders Place Their Bets

In other news, CTO Lior Golan sold 10,187 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $4.86, for a total transaction of $49,508.82. Following the sale, the chief technology officer now directly owns 2,545,291 shares in the company, valued at $12,370,114.26. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 22.40% of the company’s stock.

Hedge Funds Weigh In On Taboola.com

Large investors have recently modified their holdings of the business. Bank of New York Mellon Corp increased 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 valued at $78,000 after purchasing an additional 4,030 shares during the period. Counterpoint Mutual Funds LLC bought a new position in Taboola.com during the 4th quarter worth approximately $98,000. Harbor Capital Advisors Inc. lifted its position in shares of Taboola.com by 10.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 28,326 shares of the company’s stock worth $123,000 after purchasing an additional 2,726 shares during the period. Schnieders Capital Management LLC bought a new stake in shares of Taboola.com in the 1st quarter valued at $163,000. Finally, Arizona State Retirement System bought a new position in Taboola.com during the fourth quarter worth $164,000. 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.