Taboola.com (NASDAQ:TBLA) Hits New 12-Month High – Here’s Why

Taboola.com Ltd. (NASDAQ:TBLA)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $5.26 and last traded at $5.16, with a volume of 2940364 shares changing hands. The stock had previously closed at $5.13.

Analysts Set New Price Targets

Several research analysts have commented on TBLA shares. Weiss Ratings reissued a “hold (c)” rating on shares of Taboola.com in a research report on Tuesday, April 21st. Needham & Company LLC raised their price objective on Taboola.com from $4.50 to $5.50 and gave the company a “buy” rating in a research report on Thursday, May 7th. Zacks Research lowered Taboola.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. TD Cowen raised their price objective on Taboola.com from $4.00 to $6.00 and gave the company a “buy” rating in a research report on Monday. Finally, Rosenblatt Securities raised their price objective on Taboola.com from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Taboola.com currently has an average rating of “Moderate Buy” and a consensus price target of $5.90.

Taboola.com Stock Up 0.6%

The firm has a 50-day simple moving average of $3.53 and a 200 day simple moving average of $3.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $1.26 billion, a PE ratio of 13.58 and a beta of 1.43.

Taboola.com (NASDAQ:TBLA) last announced its earnings results on Wednesday, May 6th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.21. The company had revenue of $466.40 million during the quarter, compared to the consensus estimate of $453.30 million. Taboola.com had a return on equity of 10.72% and a net margin of 5.64%.The company’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm earned ($0.03) earnings per share. On average, research analysts predict that Taboola.com Ltd. will post 0.34 EPS for the current fiscal year.

Institutional Trading of Taboola.com

Several large investors have recently modified their holdings of TBLA. LSV Asset Management grew its stake in shares of Taboola.com by 2,001.4% during the third quarter. LSV Asset Management now owns 1,983,558 shares of the company’s stock valued at $6,764,000 after acquiring an additional 1,889,168 shares in the last quarter. Stoic Point Capital Management LLC acquired a new stake in Taboola.com in the fourth quarter valued at $5,699,000. Two Sigma Investments LP raised its holdings 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 valued at $6,839,000 after acquiring an additional 1,070,864 shares in the last quarter. Walleye Capital LLC acquired a new stake in Taboola.com in the fourth quarter valued at $4,414,000. Finally, Marshall Wace LLP acquired a new stake in Taboola.com in the fourth quarter valued at $4,008,000. 42.89% of the stock is currently owned by institutional investors and hedge funds.

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.