Taboola.com Ltd. (NASDAQ:TBLA) Given Average Rating of “Moderate Buy” by Analysts

Shares of Taboola.com Ltd. (NASDAQ:TBLA) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $5.90.

A number of brokerages recently issued reports on TBLA. Wall Street Zen upgraded Taboola.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Benchmark increased their target price on Taboola.com from $4.50 to $6.50 and gave the stock a “buy” rating in a report on Thursday, May 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Taboola.com in a report on Tuesday, April 21st. Rosenblatt Securities increased their price target on Taboola.com from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Finally, TD Cowen increased their price target on Taboola.com from $4.00 to $6.00 and gave the company a “buy” rating in a research report on Monday, May 11th.

Insider Buying and Selling

In related news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $4.40, for a total value of $52,800,000.00. Following the completion of the sale, the insider directly owned 18,039,644 shares of the company’s stock, valued at approximately $79,374,433.60. This represents a 39.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 20.60% of the company’s stock.

Institutional Investors Weigh In On Taboola.com

A number of institutional investors and hedge funds have recently bought and sold shares of TBLA. Stoic Point Capital Management LLC purchased a new stake in Taboola.com in the 4th quarter valued at $5,699,000. Two Sigma Investments LP increased its position in shares of Taboola.com by 114.6% during the 3rd quarter. Two Sigma Investments LP now owns 2,005,558 shares of the company’s stock valued at $6,839,000 after purchasing an additional 1,070,864 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of Taboola.com during the 4th quarter valued at $4,414,000. Marshall Wace LLP purchased a new stake in shares of Taboola.com during the 4th quarter valued at $4,008,000. Finally, HRT Financial LP purchased a new stake in shares of Taboola.com during the 4th quarter valued at $3,196,000. 42.89% of the stock is owned by hedge funds and other institutional investors.

Taboola.com Price Performance

Shares of TBLA opened at $5.04 on Wednesday. Taboola.com has a 12-month low of $2.84 and a 12-month high of $5.26. The business’s fifty day moving average is $4.39 and its 200 day moving average is $3.96. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.23 billion, a P/E ratio of 13.26 and a beta of 1.51.

Taboola.com (NASDAQ:TBLA) last issued its earnings results on Wednesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.21. Taboola.com had a return on equity of 10.72% and a net margin of 5.64%.The company had revenue of $466.40 million for the quarter, compared to analysts’ expectations of $453.30 million. During the same period last year, the business earned ($0.03) EPS. Taboola.com’s quarterly revenue was up 9.1% compared to the same quarter last year. Sell-side analysts anticipate that Taboola.com will post 0.41 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.