Taboola.com (NASDAQ:TBLA) Trading Up 6.4% – Still a Buy?

Taboola.com Ltd. (NASDAQ:TBLA)’s stock price traded up 6.4% during trading on Thursday . The company traded as high as $3.45 and last traded at $3.3850. 2,204,100 shares changed hands during trading, an increase of 52% from the average session volume of 1,452,002 shares. The stock had previously closed at $3.18.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Taboola.com in a research note on Thursday, January 22nd. Needham & Company LLC reissued a “buy” rating and set a $4.50 price objective on shares of Taboola.com in a research note on Wednesday, February 25th. Wall Street Zen cut shares of Taboola.com from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 28th. Rosenblatt Securities increased their target price on shares of Taboola.com from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Finally, Zacks Research raised shares of Taboola.com from a “hold” rating to a “strong-buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $5.00.

Taboola.com Trading Up 6.8%

The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $840.47 million, a price-to-earnings ratio of 22.70 and a beta of 1.34. The business has a fifty day simple moving average of $3.86 and a 200 day simple moving average of $3.70.

Taboola.com (NASDAQ:TBLA) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The company had revenue of $522.31 million for the quarter, compared to analyst estimates of $537.80 million. Taboola.com had a return on equity of 11.97% and a net margin of 2.21%.The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.10 EPS.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership boosted its holdings in Taboola.com by 412.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,113,200 shares of the company’s stock worth $11,394,000 after acquiring an additional 2,505,249 shares in the last quarter. LSV Asset Management acquired a new position in shares of Taboola.com during the second quarter worth approximately $345,000. Acadian Asset Management LLC lifted its holdings in shares of Taboola.com by 1.8% in the 2nd quarter. Acadian Asset Management LLC now owns 2,928,713 shares of the company’s stock worth $10,712,000 after purchasing an additional 52,791 shares in the last quarter. Empowered Funds LLC grew its position in Taboola.com by 73.4% in the 2nd quarter. Empowered Funds LLC now owns 1,253,648 shares of the company’s stock valued at $4,588,000 after purchasing an additional 530,664 shares during the period. Finally, Yelin Lapidot Holdings Management Ltd. increased its stake in Taboola.com by 46.1% during the 2nd quarter. Yelin Lapidot Holdings Management Ltd. now owns 768,731 shares of the company’s stock valued at $2,814,000 after purchasing an additional 242,718 shares in the last quarter. Institutional investors own 42.89% of the company’s stock.

Taboola.com Company Profile

Taboola.com (NASDAQ: TBLA) operates a leading content discovery platform that connects advertisers with premium publishers through native advertising and personalized recommendations. The company’s technology analyzes user behavior and contextual information to deliver promoted content, video, and product recommendations to audiences across a network of thousands of websites and mobile apps. By leveraging machine learning and big data, Taboola helps publishers generate incremental revenue while enabling advertisers to reach engaged users at scale.

Taboola’s suite of products includes feed placements, video recommendations, and sponsored content units designed to blend seamlessly with editorial pages.