Taboola.com’s (TBLA) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Taboola.com (NASDAQ:TBLA) in a research note published on Wednesday morning,Benzinga reports. They currently have a $4.50 target price on the stock.

Several other equities analysts have also recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Taboola.com in a research report on Thursday, January 22nd. Wall Street Zen upgraded Taboola.com from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 8th. Finally, Rosenblatt Securities started coverage on Taboola.com in a research report on Friday, December 19th. They set a “buy” rating and a $6.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.00.

Taboola.com Price Performance

Shares of TBLA opened at $3.17 on Wednesday. The business’s fifty day moving average is $3.92 and its 200 day moving average is $3.70. Taboola.com has a 12-month low of $2.50 and a 12-month high of $4.65. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.08. The stock has a market cap of $784.77 million, a P/E ratio of 21.13 and a beta of 1.29.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Taboola.com had a net margin of 2.21% and a return on equity of 11.84%. The business had revenue of $522.31 million for the quarter, compared to the consensus estimate of $537.80 million. During the same quarter last year, the firm posted $0.10 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year.

Institutional Trading of Taboola.com

A number of hedge funds have recently bought and sold shares of TBLA. Quarry LP bought a new position in Taboola.com in the 3rd quarter valued at $42,000. Headlands Technologies LLC bought a new position in Taboola.com during the second quarter valued at about $43,000. Captrust Financial Advisors purchased a new stake in Taboola.com during the second quarter worth about $46,000. Abacus Wealth Partners LLC bought a new stake in Taboola.com in the fourth quarter worth about $48,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in Taboola.com in the third quarter valued at about $54,000. 42.89% of the stock is currently owned by institutional investors.

Taboola.com Company Profile

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.