Taboola.com Ltd. (NASDAQ:TBLA) Given Consensus Rating of “Buy” by Brokerages

Taboola.com Ltd. (NASDAQ:TBLA) has been assigned an average rating of “Buy” from the five research firms that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $5.59.

Several equities analysts recently issued reports on TBLA shares. Benchmark reiterated a “buy” rating and issued a $6.00 price target on shares of Taboola.com in a report on Monday, May 6th. B. Riley reiterated a “buy” rating and set a $5.25 price target on shares of Taboola.com in a research report on Wednesday, April 24th. Finally, Needham & Company LLC reduced their price objective on shares of Taboola.com from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, July 5th.

Institutional Investors Weigh In On Taboola.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bayesian Capital Management LP bought a new stake in Taboola.com in the first quarter valued at about $61,000. Counterpoint Mutual Funds LLC acquired a new position in Taboola.com in the fourth quarter valued at about $98,000. Harbor Capital Advisors Inc. grew its stake in Taboola.com by 10.6% in the fourth 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. Schnieders Capital Management LLC acquired a new position in Taboola.com in the first quarter valued at about $163,000. Finally, Arizona State Retirement System acquired a new position in Taboola.com in the fourth quarter valued at about $164,000. Institutional investors own 42.89% of the company’s stock.

Taboola.com Price Performance

Shares of TBLA stock opened at $3.28 on Friday. Taboola.com has a 1 year low of $3.08 and a 1 year high of $5.00. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm’s 50 day moving average is $3.87 and its 200-day moving average is $4.20. The firm has a market capitalization of $953.59 million, a price-to-earnings ratio of -14.26 and a beta of 1.29.

Taboola.com (NASDAQ:TBLA) last posted its quarterly earnings data on Wednesday, May 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.01. The firm had revenue of $414.01 million for the quarter, compared to the consensus estimate of $401.73 million. Taboola.com had a negative return on equity of 2.64% and a negative net margin of 5.04%. Sell-side analysts forecast that Taboola.com will post 0.03 EPS for the current fiscal year.

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.