Brokerages Set Taboola.com Ltd. (NASDAQ:TBLA) PT at $5.00

Shares of Taboola.com Ltd. (NASDAQ:TBLA) have been given a consensus rating of “Moderate Buy” by the seven research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $5.00.

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Taboola.com in a research report on Thursday, January 22nd. Needham & Company LLC reiterated a “buy” rating and set a $4.50 target price on shares of Taboola.com in a research note on Wednesday, February 25th. Wall Street Zen downgraded shares of Taboola.com from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 28th. Zacks Research upgraded shares of Taboola.com from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd. Finally, Rosenblatt Securities boosted their price objective 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.

Taboola.com Stock Performance

Taboola.com stock opened at $3.10 on Monday. Taboola.com has a 52 week low of $2.50 and a 52 week high of $4.65. 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 firm has a market capitalization of $767.44 million, a PE ratio of 20.67 and a beta of 1.34. The business’s 50-day simple moving average is $3.68 and its 200-day simple moving average is $3.69.

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

Hedge Funds Weigh In On Taboola.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in TBLA. LPL Financial LLC raised its holdings in Taboola.com by 25.8% in the 4th quarter. LPL Financial LLC now owns 28,308 shares of the company’s stock valued at $130,000 after acquiring an additional 5,814 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Taboola.com by 51.1% during the 4th quarter. SG Americas Securities LLC now owns 17,579 shares of the company’s stock worth $81,000 after purchasing an additional 5,944 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Taboola.com by 20.1% during the third quarter. Russell Investments Group Ltd. now owns 50,827 shares of the company’s stock valued at $176,000 after purchasing an additional 8,500 shares during the period. CWM LLC increased its position in shares of Taboola.com by 25.5% during the fourth quarter. CWM LLC now owns 42,061 shares of the company’s stock valued at $194,000 after purchasing an additional 8,558 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Taboola.com by 16.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 63,574 shares of the company’s stock valued at $273,000 after purchasing an additional 8,886 shares in the last quarter. 42.89% of the stock is currently owned by institutional investors.

About Taboola.com

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.