Benchmark Reiterates “Buy” Rating for Taboola.com (NASDAQ:TBLA)

Benchmark restated their buy rating on shares of Taboola.com (NASDAQ:TBLA) in a research note published on Monday morning, Benzinga reports. They currently have a $6.00 target price on the stock.

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

Taboola.com Price Performance

TBLA opened at $4.54 on Monday. The firm has a market capitalization of $1.34 billion, a P/E ratio of -18.42 and a beta of 1.35. The stock has a fifty day moving average of $4.29 and a 200-day moving average of $4.18. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.13. Taboola.com has a 12-month low of $2.27 and a 12-month high of $5.00.

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

Insider Activity

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

Institutional Investors Weigh In On Taboola.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its holdings in 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 valued at $78,000 after purchasing an additional 4,030 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new position in Taboola.com in the 4th quarter worth $98,000. Harbor Capital Advisors Inc. raised its holdings in Taboola.com by 10.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 28,326 shares of the company’s stock worth $123,000 after acquiring an additional 2,726 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new position in Taboola.com during the 3rd quarter worth $145,000. Finally, Schnieders Capital Management LLC bought a new stake in Taboola.com during the first quarter valued at about $163,000. 42.89% of the stock is currently owned by institutional investors and hedge funds.

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.