Taboola.com (NASDAQ:TBLA) Receives “Buy” Rating from Needham & Company LLC

Taboola.com (NASDAQ:TBLA)‘s stock had its “buy” rating reaffirmed by investment analysts at Needham & Company LLC in a research note issued on Tuesday, Benzinga reports. They currently have a $5.00 price target on the stock. Needham & Company LLC’s price target points to a potential upside of 56.74% from the stock’s previous close.

Separately, Benchmark reissued a “buy” rating and issued a $6.00 price target on shares of Taboola.com in a report on Tuesday, August 6th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $5.56.

Taboola.com Stock Performance

Shares of NASDAQ TBLA opened at $3.19 on Tuesday. The stock has a market cap of $927.44 million, a PE ratio of -13.87 and a beta of 1.29. Taboola.com has a 1 year low of $2.87 and a 1 year high of $5.00. The firm has a fifty day moving average price of $3.30 and a 200-day moving average price of $3.75. 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 posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. The business had revenue of $428.00 million for the quarter, compared to analysts’ expectations of $428.67 million. Taboola.com had a negative return on equity of 1.57% and a negative net margin of 3.07%. The business’s quarterly revenue was up 28.9% on a year-over-year basis. During the same period last year, the firm earned ($0.05) earnings per share. Equities analysts anticipate that Taboola.com will post 0.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Taboola.com

In related news, Director Lynda M. Clarizio sold 29,606 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $3.61, for a total value of $106,877.66. Following the sale, the director now directly owns 176,158 shares in the company, valued at $635,930.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 22.40% of the company’s stock.

Institutional Trading of Taboola.com

A number of large investors have recently added to or reduced their stakes in TBLA. Point72 Asset Management L.P. bought a new position in shares of Taboola.com during the 2nd quarter valued at approximately $47,000. Bayesian Capital Management LP bought a new position in Taboola.com during the first quarter valued at $61,000. EverSource Wealth Advisors LLC purchased a new position in shares of Taboola.com in the 2nd quarter worth $69,000. Bailard Inc. bought a new stake in shares of Taboola.com in the 2nd quarter worth about $102,000. Finally, XTX Topco Ltd raised its position in shares of Taboola.com by 104.3% during the 2nd quarter. XTX Topco Ltd now owns 30,170 shares of the company’s stock valued at $104,000 after buying an additional 15,401 shares in the last quarter. Institutional investors 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.