Taboola.com (NASDAQ:TBLA) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Taboola.com (NASDAQ:TBLA) in a research report sent to investors on Wednesday, Benzinga reports. The firm currently has a $6.00 price target on the stock.

TBLA has been the subject of several other research reports. B. Riley reissued a buy rating and issued a $5.25 target price on shares of Taboola.com in a research report on Wednesday, April 24th. Oppenheimer increased their price objective on Taboola.com from $5.50 to $6.00 and gave the company an outperform rating in a research report on Thursday, February 29th. TheStreet raised shares of Taboola.com from a d+ rating to a c- rating in a report on Friday, January 19th. Finally, Benchmark reaffirmed a buy rating and issued a $6.00 price objective on shares of Taboola.com in a report on Monday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of Buy and a consensus target price of $5.79.

Taboola.com Stock Up 1.3 %

Shares of NASDAQ:TBLA opened at $4.60 on Wednesday. Taboola.com has a 1 year low of $2.58 and a 1 year high of $5.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.32 and a quick ratio of 1.32. The stock’s 50-day moving average is $4.29 and its 200 day moving average is $4.18. The company has a market cap of $1.36 billion, a PE ratio of -18.92 and a beta of 1.35.

Taboola.com (NASDAQ:TBLA) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.05. The business had revenue of $419.80 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.11 earnings per share. Sell-side analysts anticipate that Taboola.com will post 0.04 EPS for the current year.

Insider Buying and Selling at Taboola.com

In other news, CTO Lior Golan sold 10,187 shares of the stock in a transaction 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 completion of the sale, the chief technology officer now directly 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 is accessible through the SEC website. Insiders own 22.40% of the company’s stock.

Institutional Trading of Taboola.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. grew its holdings in Taboola.com by 20.9% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,043,235 shares of the company’s stock valued at $17,507,000 after buying an additional 700,000 shares in the last quarter. Citigroup Inc. grew its stake in Taboola.com by 8.0% during the third quarter. Citigroup Inc. now owns 123,134 shares of the company’s stock valued at $467,000 after acquiring an additional 9,138 shares in the last quarter. Wellington Management Group LLP increased its holdings in Taboola.com by 0.7% in the 3rd quarter. Wellington Management Group LLP now owns 12,908,230 shares of the company’s stock valued at $48,922,000 after acquiring an additional 85,371 shares during the last quarter. Arizona State Retirement System purchased a new stake in Taboola.com in the 4th quarter worth $164,000. Finally, Y.D. More Investments Ltd purchased a new stake in Taboola.com in the 3rd quarter worth $1,140,000. 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.