Taboola.com (NASDAQ:TBLA) Receives “Buy” Rating from B. Riley

B. Riley reaffirmed their buy rating on shares of Taboola.com (NASDAQ:TBLA) in a research note issued to investors on Wednesday morning, MarketBeat.com reports. B. Riley currently has a $5.25 price objective on the stock.

TBLA has been the topic of a number of other reports. TheStreet upgraded Taboola.com from a d+ rating to a c- rating in a research note on Friday, January 19th. Needham & Company LLC restated a buy rating and set a $6.00 target price on shares of Taboola.com in a research report on Thursday, March 28th. Finally, Oppenheimer boosted their target price on Taboola.com from $5.50 to $6.00 and gave the stock an outperform rating in a research report on Thursday, February 29th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Taboola.com has a consensus rating of Buy and a consensus price target of $5.79.

Taboola.com Stock Down 0.2 %

NASDAQ:TBLA opened at $4.17 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.32 and a quick ratio of 1.32. The business has a fifty day simple moving average of $4.36 and a two-hundred day simple moving average of $4.13. Taboola.com has a 1 year low of $2.16 and a 1 year high of $5.00.

Taboola.com (NASDAQ:TBLA) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. Taboola.com had a negative return on equity of 1.85% and a negative net margin of 5.70%. The company had revenue of $419.80 million for the quarter, compared to analyst estimates of $436.96 million. During the same period in the previous year, the company posted $0.11 EPS. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. On average, analysts anticipate that Taboola.com will post 0.13 earnings per share for the current year.

Insider Buying and Selling at Taboola.com

In other Taboola.com news, CTO Lior Golan sold 10,187 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $4.86, for a total transaction of $49,508.82. Following the completion of the transaction, the chief technology officer now owns 2,545,291 shares of the company’s stock, valued at approximately $12,370,114.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 55,325 shares of company stock valued at $269,318 in the last 90 days. Insiders own 23.49% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TBLA. Wellington Management Group LLP raised its position in Taboola.com by 22.2% during the 4th quarter. Wellington Management Group LLP now owns 15,767,681 shares of the company’s stock valued at $68,274,000 after purchasing an additional 2,859,451 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Taboola.com by 20.9% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,043,235 shares of the company’s stock worth $17,507,000 after acquiring an additional 700,000 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of Taboola.com by 292.4% in the 4th quarter. GSA Capital Partners LLP now owns 657,758 shares of the company’s stock worth $2,848,000 after acquiring an additional 490,149 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Taboola.com by 655.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 419,111 shares of the company’s stock worth $1,588,000 after acquiring an additional 363,662 shares in the last quarter. Finally, Y.D. More Investments Ltd bought a new position in shares of Taboola.com in the 3rd quarter worth approximately $1,140,000. Institutional investors 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.