Taboola.com (NASDAQ:TBLA) Hits New 12-Month High – Should You Buy?

Taboola.com Ltd. (NASDAQ:TBLA) reached a new 52-week high on Wednesday . The stock traded as high as $5.26 and last traded at $5.1950, with a volume of 2690804 shares trading hands. The stock had previously closed at $5.00.

Wall Street Analyst Weigh In

TBLA has been the topic of several recent research reports. Needham & Company LLC upped their price target on Taboola.com from $4.50 to $5.50 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Weiss Ratings restated a “hold (c)” rating on shares of Taboola.com in a report on Tuesday, April 21st. TD Cowen upped their target price on shares of Taboola.com from $4.00 to $6.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Zacks Research lowered shares of Taboola.com from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Wall Street Zen raised shares of Taboola.com from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Taboola.com has an average rating of “Moderate Buy” and a consensus price target of $5.90.

Taboola.com Stock Performance

The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $1.27 billion, a P/E ratio of 13.68 and a beta of 1.51. The business’s 50 day simple moving average is $4.64 and its two-hundred day simple moving average is $4.01.

Taboola.com (NASDAQ:TBLA) last issued its earnings results on Wednesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.21. Taboola.com had a net margin of 5.64% and a return on equity of 10.72%. The firm had revenue of $466.39 million for the quarter, compared to the consensus estimate of $453.30 million. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. Sell-side analysts anticipate that Taboola.com Ltd. will post 0.41 EPS for the current fiscal year.

Insider Activity at Taboola.com

In other news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $4.40, for a total transaction of $52,800,000.00. Following the completion of the transaction, the insider directly owned 18,039,644 shares of the company’s stock, valued at $79,374,433.60. The trade was a 39.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 20.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Taboola.com

Several hedge funds and other institutional investors have recently modified their holdings of TBLA. LSV Asset Management increased its position in Taboola.com by 31.5% during the fourth quarter. LSV Asset Management now owns 2,608,389 shares of the company’s stock valued at $12,025,000 after acquiring an additional 624,831 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in Taboola.com by 6.9% in the third quarter. Bridgeway Capital Management LLC now owns 2,289,068 shares of the company’s stock valued at $7,806,000 after acquiring an additional 147,920 shares during the period. Bank of America Corp DE boosted its position in Taboola.com by 8.2% in the third quarter. Bank of America Corp DE now owns 2,149,621 shares of the company’s stock worth $7,330,000 after purchasing an additional 163,605 shares during the last quarter. Two Sigma Investments LP boosted its position in Taboola.com by 114.6% in the third quarter. Two Sigma Investments LP now owns 2,005,558 shares of the company’s stock worth $6,839,000 after purchasing an additional 1,070,864 shares during the last quarter. Finally, Globeflex Capital L P grew its stake in shares of Taboola.com by 16.4% during the 1st quarter. Globeflex Capital L P now owns 1,907,015 shares of the company’s stock valued at $5,912,000 after purchasing an additional 268,105 shares during the period. 42.89% of the stock is 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.