Taboola.com Ltd. (NASDAQ:TBLA) Receives Average Rating of “Moderate Buy” from Brokerages

Taboola.com Ltd. (NASDAQ:TBLA) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $5.00.

TBLA has been the subject of a number of research analyst reports. Zacks Research raised Taboola.com from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $4.50 price target on shares of Taboola.com in a research report on Wednesday, February 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Taboola.com in a research report on Tuesday, April 21st. Wall Street Zen lowered Taboola.com from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 28th. Finally, Rosenblatt Securities upped their price target on Taboola.com from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th.

Institutional Trading of Taboola.com

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC increased its position in shares of Taboola.com by 31.5% during the first quarter. SG Americas Securities LLC now owns 23,125 shares of the company’s stock valued at $72,000 after acquiring an additional 5,546 shares during the last quarter. LPL Financial LLC grew its holdings in Taboola.com by 25.8% during the fourth quarter. LPL Financial LLC now owns 28,308 shares of the company’s stock valued at $130,000 after purchasing an additional 5,814 shares during the period. Russell Investments Group Ltd. grew its holdings in Taboola.com by 20.1% during the third quarter. Russell Investments Group Ltd. now owns 50,827 shares of the company’s stock valued at $176,000 after purchasing an additional 8,500 shares during the period. CWM LLC grew its holdings in Taboola.com by 25.5% during the fourth quarter. CWM LLC now owns 42,061 shares of the company’s stock valued at $194,000 after purchasing an additional 8,558 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Taboola.com by 16.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 63,574 shares of the company’s stock worth $273,000 after acquiring an additional 8,886 shares during the period. 42.89% of the stock is owned by hedge funds and other institutional investors.

Taboola.com Price Performance

Shares of NASDAQ TBLA opened at $3.85 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07. Taboola.com has a fifty-two week low of $2.84 and a fifty-two week high of $4.65. The stock has a market capitalization of $940.67 million, a PE ratio of 25.67 and a beta of 1.34. The business has a fifty day moving average price of $3.30 and a two-hundred day moving average price of $3.69.

Taboola.com (NASDAQ:TBLA) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Taboola.com had a return on equity of 11.97% and a net margin of 2.21%.The business had revenue of $522.31 million for the quarter, compared to analyst estimates of $537.80 million. During the same period last year, the firm posted $0.10 EPS. Taboola.com’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, equities analysts predict that Taboola.com will post 0.34 earnings per share for the current fiscal year.

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.