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

Taboola.com (NASDAQ:TBLA)‘s stock had its “buy” rating reiterated by analysts at Needham & Company LLC in a report issued on Wednesday,Benzinga reports. They presently have a $5.00 price objective on the stock. Needham & Company LLC’s target price points to a potential upside of 29.87% from the stock’s current price.

Separately, Benchmark reissued a “buy” rating and set a $5.00 price target on shares of Taboola.com in a research report on Monday, October 7th. Four analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of $5.31.

Taboola.com Trading Down 0.3 %

Shares of TBLA stock opened at $3.85 on Wednesday. The firm’s 50-day simple moving average is $3.60 and its 200-day simple moving average is $3.44. 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 has a 1-year low of $2.87 and a 1-year high of $5.00. The firm has a market cap of $1.12 billion, a P/E ratio of -38.50 and a beta of 1.29.

Taboola.com (NASDAQ:TBLA) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). The company had revenue of $433.10 million for the quarter, compared to analyst estimates of $429.43 million. Taboola.com had a negative return on equity of 1.68% and a negative net margin of 1.96%. During the same period last year, the company posted ($0.02) EPS.

Insiders Place Their Bets

In other Taboola.com news, Director Richard T. Scanlon sold 250,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $3.16, for a total transaction of $790,000.00. Following the transaction, the director now owns 70,642 shares in the company, valued at $223,228.72. The trade was a 77.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 22.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Taboola.com

Large investors have recently modified their holdings of the stock. nVerses Capital LLC lifted its position in Taboola.com by 74.5% during the 3rd quarter. nVerses Capital LLC now owns 9,600 shares of the company’s stock worth $32,000 after acquiring an additional 4,100 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Taboola.com during the second quarter valued at approximately $47,000. Aigen Investment Management LP acquired a new position in shares of Taboola.com during the third quarter worth $63,000. EverSource Wealth Advisors LLC purchased a new position in shares of Taboola.com in the second quarter valued at $69,000. Finally, Bailard Inc. acquired a new stake in Taboola.com during the 2nd quarter valued at $102,000. Institutional investors and hedge funds own 42.89% of the company’s stock.

Taboola.com Company Profile

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.