Taboola.com’s (TBLA) “Buy” Rating Reaffirmed at B. Riley

B. Riley reissued their buy rating on shares of Taboola.com (NASDAQ:TBLA) in a research note issued to investors on Wednesday morning, Marketbeat.com reports. The brokerage currently has a $5.25 target price on the stock. B. Riley also issued estimates for Taboola.com’s Q1 2024 earnings at ($0.09) EPS, Q2 2024 earnings at ($0.04) EPS, Q3 2024 earnings at $0.05 EPS, Q4 2024 earnings at $0.10 EPS, FY2024 earnings at $0.01 EPS and FY2025 earnings at $0.19 EPS.

Other equities research analysts have also issued research reports about the company. TheStreet raised Taboola.com from a d+ rating to a c- rating in a research report on Friday, January 19th. Oppenheimer increased their price objective on Taboola.com from $5.50 to $6.00 and gave the stock an outperform rating in a report on Thursday, February 29th. Finally, Needham & Company LLC reiterated a buy rating and set a $6.00 price objective on shares of Taboola.com in a report on Thursday, March 28th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Taboola.com has an average rating of Buy and a consensus price target of $5.79.

Taboola.com Trading Up 0.7 %

NASDAQ TBLA opened at $4.23 on Wednesday. The firm has a market cap of $1.25 billion, a P/E ratio of -17.62 and a beta of 1.37. 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 $4.34 and its 200-day moving average is $4.14. Taboola.com has a one year low of $2.16 and a one year high of $5.00.

Taboola.com (NASDAQ:TBLA) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. The company had revenue of $419.80 million for the quarter, compared to analyst estimates of $436.96 million. Taboola.com had a negative return on equity of 1.85% and a negative net margin of 5.70%. Taboola.com’s revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.11 earnings per share. Sell-side analysts anticipate that Taboola.com will post 0.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Taboola.com news, CTO Lior Golan sold 23,211 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $4.86, for a total value of $112,805.46. Following the completion of the transaction, the chief technology officer now directly owns 2,545,291 shares in the company, valued at $12,370,114.26. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 55,325 shares of company stock worth $269,318. 23.49% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP grew its stake in Taboola.com by 22.2% in the fourth quarter. Wellington Management Group LLP now owns 15,767,681 shares of the company’s stock valued at $68,274,000 after purchasing an additional 2,859,451 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in Taboola.com by 20.9% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,043,235 shares of the company’s stock valued at $17,507,000 after purchasing an additional 700,000 shares in the last quarter. Checchi Capital Advisers LLC grew its stake in Taboola.com by 38.5% in the first quarter. Checchi Capital Advisers LLC now owns 1,069,944 shares of the company’s stock valued at $4,751,000 after purchasing an additional 297,411 shares in the last quarter. Yarra Square Partners LP boosted its stake in shares of Taboola.com by 12.1% during the 4th quarter. Yarra Square Partners LP now owns 984,485 shares of the company’s stock worth $4,263,000 after acquiring an additional 106,485 shares during the period. Finally, GSA Capital Partners LLP boosted its stake in shares of Taboola.com by 292.4% during the 4th quarter. GSA Capital Partners LLP now owns 657,758 shares of the company’s stock worth $2,848,000 after acquiring an additional 490,149 shares during the period. 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.