Taboola.com (NASDAQ:TBLA) Rating Reiterated by Benchmark

Benchmark reissued their buy rating on shares of Taboola.com (NASDAQ:TBLA) in a report released on Monday morning, Benzinga reports. The brokerage currently has a $6.00 price target on the stock.

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

Taboola.com Stock Up 0.3 %

TBLA stock opened at $4.56 on Monday. The company’s 50 day simple moving average is $4.30 and its 200-day simple moving average is $4.18. The firm has a market capitalization of $1.34 billion, a P/E ratio of -18.98 and a beta of 1.35. Taboola.com has a 52-week low of $2.58 and a 52-week 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.

Taboola.com (NASDAQ:TBLA) last posted its quarterly 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 business had revenue of $419.80 million during the quarter, compared to analyst estimates of $436.96 million. During the same period in the prior year, the firm earned $0.11 earnings per share. The firm’s revenue was up 13.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Taboola.com will post 0.04 EPS for the current year.

Insider Activity at Taboola.com

In other Taboola.com news, CTO Lior Golan sold 10,187 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $4.86, for a total value of $49,508.82. Following the transaction, the chief technology officer now owns 2,545,291 shares of the company’s stock, valued at $12,370,114.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 22.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its position in shares of Taboola.com by 24.5% during the third quarter. Bank of New York Mellon Corp now owns 20,504 shares of the company’s stock worth $78,000 after purchasing an additional 4,030 shares during the period. Counterpoint Mutual Funds LLC bought a new position in Taboola.com in the fourth quarter valued at approximately $98,000. Harbor Capital Advisors Inc. boosted its holdings in shares of 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 buying an additional 2,726 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Taboola.com in the third quarter valued at approximately $145,000. Finally, Schnieders Capital Management LLC bought a new stake in shares of Taboola.com during the first quarter worth $163,000. 42.89% of the stock is currently owned by institutional investors.

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.