Needham & Company LLC Forecasts Strong Price Appreciation for Taboola.com (NASDAQ:TBLA) Stock

Taboola.com (NASDAQ:TBLA) had its price target increased by equities research analysts at Needham & Company LLC from $4.50 to $5.50 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s target price suggests a potential upside of 4.76% from the company’s previous close.

Several other analysts also recently commented on the stock. Rosenblatt Securities increased their price objective on shares of Taboola.com from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Zacks Research downgraded shares of Taboola.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen downgraded shares of Taboola.com from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Taboola.com in a research report on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $5.88.

Taboola.com Stock Up 0.8%

NASDAQ:TBLA opened at $5.25 on Thursday. The firm’s 50-day moving average price is $3.41 and its 200-day moving average price is $3.73. The company has a market capitalization of $1.28 billion, a PE ratio of 13.82 and a beta of 1.43. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.13 and a quick ratio of 1.07. Taboola.com has a 1-year low of $2.84 and a 1-year high of $5.26.

Taboola.com (NASDAQ:TBLA) last released its earnings results on Wednesday, May 6th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.21. The firm had revenue of $466.40 million for the quarter, compared to the consensus estimate of $453.30 million. Taboola.com had a net margin of 5.64% and a return on equity of 10.72%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.03) EPS. On average, equities analysts predict that Taboola.com will post 0.34 EPS for the current fiscal year.

Institutional Trading of Taboola.com

Institutional investors have recently bought and sold shares of the company. Baird Financial Group Inc. purchased a new stake in shares of Taboola.com during the 1st quarter valued at about $59,000. AQR Capital Management LLC boosted its holdings in shares of Taboola.com by 60.6% during the 1st quarter. AQR Capital Management LLC now owns 998,731 shares of the company’s stock valued at $2,946,000 after acquiring an additional 376,684 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Taboola.com by 41.1% during the 1st quarter. Empowered Funds LLC now owns 722,984 shares of the company’s stock valued at $2,133,000 after acquiring an additional 210,562 shares during the last quarter. Creative Planning purchased a new stake in shares of Taboola.com during the 2nd quarter valued at about $154,000. Finally, American Century Companies Inc. boosted its holdings in shares of Taboola.com by 22.3% during the 2nd quarter. American Century Companies Inc. now owns 420,732 shares of the company’s stock valued at $1,540,000 after acquiring an additional 76,640 shares during the last quarter. 42.89% of the stock is owned by hedge funds and other institutional investors.

About Taboola.com

Taboola.com (NASDAQ: TBLA) operates a leading content discovery platform that connects advertisers with premium publishers through native advertising and personalized recommendations. The company’s technology analyzes user behavior and contextual information to deliver promoted content, video, and product recommendations to audiences across a network of thousands of websites and mobile apps. By leveraging machine learning and big data, Taboola helps publishers generate incremental revenue while enabling advertisers to reach engaged users at scale.

Taboola’s suite of products includes feed placements, video recommendations, and sponsored content units designed to blend seamlessly with editorial pages.