Taboola.com Ltd. (NASDAQ:TBLA) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Taboola.com Ltd. (NASDAQ:TBLA) have been given an average rating of “Moderate Buy” by the seven analysts that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $5.00.

A number of analysts have weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $4.50 target price on shares of Taboola.com in a research note on Wednesday, February 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Taboola.com in a research note on Tuesday, April 21st. Zacks Research cut shares of Taboola.com from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Rosenblatt Securities boosted their target price on shares of Taboola.com from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Finally, Wall Street Zen cut shares of Taboola.com from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 28th.

Institutional Trading of Taboola.com

Institutional investors have recently modified their holdings of the business. LSV Asset Management grew its stake in shares of Taboola.com by 2,001.4% in the third quarter. LSV Asset Management now owns 1,983,558 shares of the company’s stock worth $6,764,000 after purchasing an additional 1,889,168 shares during the last quarter. AlpInvest Partners B.V. bought a new stake in shares of Taboola.com in the third quarter worth $1,028,000. Quent Capital LLC bought a new stake in shares of Taboola.com in the fourth quarter worth $968,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Taboola.com by 16.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 63,574 shares of the company’s stock worth $273,000 after purchasing an additional 8,886 shares during the last quarter. Finally, Baron Wealth Management LLC bought a new stake in shares of Taboola.com in the fourth quarter worth $67,000. Institutional investors own 42.89% of the company’s stock.

Taboola.com Stock Performance

Shares of NASDAQ:TBLA opened at $3.79 on Tuesday. The company’s 50 day simple moving average is $3.33 and its 200 day simple moving average is $3.70. The stock has a market capitalization of $926.01 million, a price-to-earnings ratio of 25.27 and a beta of 1.43. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07. Taboola.com has a 1 year low of $2.84 and a 1 year high of $4.65.

Taboola.com (NASDAQ:TBLA) last posted its earnings results on Thursday, February 26th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The company had revenue of $522.31 million for the quarter, compared to the consensus estimate of $537.80 million. Taboola.com had a return on equity of 11.97% and a net margin of 2.21%.The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 EPS. As a group, research analysts predict that Taboola.com will post 0.34 EPS for the current fiscal year.

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.