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

Shares of Taboola.com, Ltd. (NASDAQ:TBLA) have earned a consensus recommendation of “Buy” from the seven analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $15.83.

A number of equities analysts recently commented on TBLA shares. Oppenheimer started coverage on Taboola.com in a research note on Monday, August 2nd. They issued an “outperform” rating and a $14.00 price objective on the stock. Needham & Company LLC assumed coverage on Taboola.com in a research report on Friday, September 17th. They set a “buy” rating and a $13.00 target price on the stock. Zacks Investment Research lowered Taboola.com from a “hold” rating to a “sell” rating in a research report on Tuesday, October 5th. Credit Suisse Group initiated coverage on Taboola.com in a research report on Tuesday, September 14th. They set an “outperform” rating and a $14.00 target price on the stock. Finally, JMP Securities initiated coverage on Taboola.com in a report on Thursday, July 1st. They set an “outperform” rating and a $17.00 price target for the company.

Shares of Taboola.com stock traded up $0.24 during midday trading on Friday, reaching $9.54. The company had a trading volume of 10,792 shares, compared to its average volume of 613,549. The stock’s fifty day moving average is $8.79. Taboola.com has a fifty-two week low of $7.75 and a fifty-two week high of $11.44.

Taboola.com (NASDAQ:TBLA) last posted its quarterly earnings data on Tuesday, August 10th. The company reported ($1.39) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($1.16). The company had revenue of $329.07 million during the quarter, compared to the consensus estimate of $320.50 million. As a group, analysts predict that Taboola.com will post -0.13 EPS for the current year.

A number of institutional investors have recently made changes to their positions in TBLA. Credit Suisse AG bought a new stake in Taboola.com during the second quarter worth $37,536,000. FMR LLC bought a new stake in Taboola.com during the second quarter worth $23,287,000. Ion Asset Management Ltd. bought a new position in Taboola.com in the 2nd quarter valued at $24,101,000. Alyeska Investment Group L.P. bought a new position in Taboola.com in the 2nd quarter valued at $21,492,000. Finally, Bamco Inc. NY bought a new position in Taboola.com in the 2nd quarter valued at $14,829,000.

Taboola.com Company Profile

Taboola.com, Ltd. operates a content discovery and native advertising platform for people, advertisers, and digital properties. It offers Taboola, a platform that helps people to find relevant content online, matching them with news stories, articles, blogs, videos, apps, products, and other content they want to explore; helps advertisers promote their brand to their audience; and provides new engagement and monetization opportunities to publishers, mobile carriers, and other digital properties.

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Analyst Recommendations for Taboola.com (NASDAQ:TBLA)

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