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

Taboola.com Ltd. (NASDAQ:TBLA) has received an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $4.80.

Several brokerages have issued reports on TBLA. Rosenblatt Securities began coverage on shares of Taboola.com in a research report on Friday, December 19th. They set a “buy” rating and a $6.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Taboola.com in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Taboola.com from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 8th. Finally, BTIG Research began coverage on shares of Taboola.com in a research report on Tuesday, October 7th. They issued a “neutral” rating for the company.

Taboola.com Stock Down 0.5%

Shares of TBLA stock opened at $4.18 on Friday. Taboola.com has a 12-month low of $2.50 and a 12-month high of $4.65. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.08. The firm has a fifty day moving average of $4.15 and a 200-day moving average of $3.66. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 52.26 and a beta of 1.26.

Taboola.com (NASDAQ:TBLA) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.03). Taboola.com had a net margin of 1.34% and a return on equity of 8.12%. The business had revenue of $496.76 million during the quarter, compared to analyst estimates of $465.57 million. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. The firm’s quarterly revenue was up 14.7% on a year-over-year basis.

Insiders Place Their Bets

In other news, Director Nechemia Jacob Peres sold 6,387,648 shares of the stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $3.67, for a total value of $23,442,668.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Eldad Maniv sold 414,816 shares of the company’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $3.78, for a total transaction of $1,568,004.48. Following the transaction, the chief operating officer owned 10,392,460 shares of the company’s stock, valued at $39,283,498.80. This trade represents a 3.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 6,812,509 shares of company stock valued at $25,048,341 in the last three months. 24.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Taboola.com

Institutional investors have recently made changes to their positions in the stock. Baron Wealth Management LLC purchased a new stake in shares of Taboola.com in the fourth quarter valued at about $67,000. SG Americas Securities LLC boosted its stake in shares of Taboola.com by 51.1% in the 4th quarter. SG Americas Securities LLC now owns 17,579 shares of the company’s stock worth $81,000 after buying an additional 5,944 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings 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 valued at $273,000 after acquiring an additional 8,886 shares in the last quarter. PharVision Advisers LLC purchased a new stake in shares of Taboola.com during the third quarter valued at approximately $220,000. Finally, XTX Topco Ltd purchased a new position in Taboola.com in the third quarter worth $1,212,000. Institutional investors own 42.89% of the company’s stock.

Taboola.com Company Profile

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.