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

Taboola.com (NASDAQ:TBLA)‘s stock had its “buy” rating restated by equities researchers at Needham & Company LLC in a research note issued on Friday,Benzinga reports. They presently have a $5.00 target price on the stock. Needham & Company LLC’s target price would suggest a potential upside of 39.66% from the company’s previous close.

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

Taboola.com Stock Performance

Shares of TBLA stock opened at $3.58 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market cap of $1.05 billion, a PE ratio of -35.80 and a beta of 1.26. The company’s fifty day simple moving average is $3.68 and its 200-day simple moving average is $3.46. Taboola.com has a 52 week low of $2.87 and a 52 week high of $5.00.

Taboola.com (NASDAQ:TBLA) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the firm earned ($0.02) EPS.

Insider Buying and Selling at Taboola.com

In related news, Director Richard T. Scanlon sold 250,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $3.16, for a total transaction of $790,000.00. Following the completion of the sale, the director now owns 70,642 shares of the company’s stock, valued at $223,228.72. This represents a 77.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 22.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Taboola.com

Several hedge funds have recently bought and sold shares of the company. Tredje AP fonden acquired a new stake in Taboola.com in the second quarter worth about $1,376,000. Millennium Management LLC boosted its holdings in shares of Taboola.com by 32.3% in the second quarter. Millennium Management LLC now owns 1,339,987 shares of the company’s stock valued at $4,610,000 after acquiring an additional 327,518 shares in the last quarter. Algert Global LLC bought a new stake in Taboola.com during the second quarter worth approximately $1,020,000. JPMorgan Chase & Co. lifted its position in Taboola.com by 54.7% in the third quarter. JPMorgan Chase & Co. now owns 727,181 shares of the company’s stock worth $2,443,000 after purchasing an additional 257,009 shares during the period. Finally, Empowered Funds LLC acquired a new position in shares of Taboola.com during the 3rd quarter valued at $337,000. 42.89% of the stock is currently owned by institutional investors.

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.