Benchmark Issues Pessimistic Forecast for Taboola.com (NASDAQ:TBLA) Stock Price

Taboola.com (NASDAQ:TBLA) had its price objective decreased by research analysts at Benchmark from $6.50 to $5.50 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Benchmark’s target price suggests a potential upside of 34.15% from the company’s previous close.

A number of other research firms also recently issued reports on TBLA. Zacks Research downgraded shares of Taboola.com from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Wall Street Zen upgraded shares of Taboola.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Needham & Company LLC boosted their price objective on shares of Taboola.com from $4.50 to $5.50 and gave the company a “buy” rating in a research note on Thursday, May 7th. TD Cowen upped their price objective on Taboola.com from $4.00 to $6.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Taboola.com in a research report on Friday, July 17th. 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 company currently has an average rating of “Moderate Buy” and an average target price of $6.00.

Taboola.com Stock Up 1.5%

Shares of NASDAQ:TBLA opened at $4.10 on Thursday. The stock’s 50-day moving average price is $4.94 and its two-hundred day moving average price is $4.18. The company has a current ratio of 1.11, a quick ratio of 1.13 and a debt-to-equity ratio of 0.08. Taboola.com has a 12-month low of $2.84 and a 12-month high of $5.71. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 10.25 and a beta of 1.50.

Taboola.com (NASDAQ:TBLA) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.21. The company had revenue of $466.39 million during the quarter, compared to the consensus estimate of $453.30 million. Taboola.com had a net margin of 6.05% and a return on equity of 12.15%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.03) EPS. On average, research analysts forecast that Taboola.com will post 0.41 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $4.40, for a total value of $52,800,000.00. Following the transaction, the insider owned 18,039,644 shares of the company’s stock, valued at approximately $79,374,433.60. This trade represents a 39.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 20.60% of the stock is currently owned by company insiders.

Institutional Trading of Taboola.com

Several large investors have recently added to or reduced their stakes in TBLA. Abacus Wealth Partners LLC purchased a new position in Taboola.com in the fourth quarter valued at about $48,000. Headlands Technologies LLC purchased a new stake in shares of Taboola.com in the second quarter worth about $43,000. DGS Capital Management LLC purchased a new stake in shares of Taboola.com in the fourth quarter worth about $55,000. Quarry LP acquired a new stake in shares of Taboola.com in the third quarter valued at about $42,000. Finally, Captrust Financial Advisors purchased a new stake in shares of Taboola.com during the 2nd quarter valued at about $46,000. 42.89% of the stock is currently owned by institutional investors and hedge funds.

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.