Taboola.com Ltd. (NASDAQ:TBLA) Receives Consensus Rating of “Buy” from Analysts

Shares of Taboola.com Ltd. (NASDAQ:TBLA) have been assigned a consensus recommendation of “Buy” from the five research firms that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 12-month target price among brokerages that have covered the stock in the last year is $5.79.

A number of research analysts have commented on the company. Benchmark reiterated a “buy” rating and issued a $6.00 price objective on shares of Taboola.com in a research report on Monday, May 6th. Needham & Company LLC reiterated a “buy” rating and issued a $6.00 price objective on shares of Taboola.com in a research report on Monday, May 20th. Finally, B. Riley reiterated a “buy” rating and issued a $5.25 price objective on shares of Taboola.com in a research report on Wednesday, April 24th.

Taboola.com Stock Up 0.6 %

NASDAQ TBLA opened at $3.47 on Friday. The firm has a market cap of $1.01 billion, a PE ratio of -15.09 and a beta of 1.29. Taboola.com has a one year low of $3.04 and a one year high of $5.00. The stock’s 50 day simple moving average is $3.92 and its 200 day simple moving average is $4.21. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 1.31.

Taboola.com (NASDAQ:TBLA) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. The business had revenue of $414.01 million for the quarter, compared to analyst estimates of $401.73 million. Taboola.com had a negative return on equity of 2.64% and a negative net margin of 5.04%. As a group, sell-side analysts forecast that Taboola.com will post 0.03 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. lifted its stake in shares of Taboola.com by 10.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 28,326 shares of the company’s stock valued at $123,000 after purchasing an additional 2,726 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in Taboola.com by 8.0% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 60,701 shares of the company’s stock worth $270,000 after buying an additional 4,478 shares during the period. Counterpoint Mutual Funds LLC raised its stake in Taboola.com by 35.6% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 30,798 shares of the company’s stock worth $137,000 after buying an additional 8,079 shares during the period. Citigroup Inc. raised its stake in Taboola.com by 8.0% during the 3rd quarter. Citigroup Inc. now owns 123,134 shares of the company’s stock worth $467,000 after buying an additional 9,138 shares during the period. Finally, Bayesian Capital Management LP acquired a new stake in Taboola.com during the 1st quarter worth $61,000. Institutional investors and hedge funds own 42.89% of the company’s stock.

About Taboola.com

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.