Taboola.com (NASDAQ:TBLA) Price Target Raised to $7.00

Taboola.com (NASDAQ:TBLA) had its target price boosted by Rosenblatt Securities from $6.00 to $7.00 in a research report released on Thursday morning,Benzinga reports. Rosenblatt Securities currently has a buy rating on the stock.

Several other analysts have also recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Taboola.com in a research report on Thursday, January 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $4.50 price objective on shares of Taboola.com in a report on Wednesday. Finally, Wall Street Zen raised shares of Taboola.com from a “hold” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Taboola.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.00.

Taboola.com Price Performance

Shares of TBLA opened at $3.17 on Thursday. Taboola.com has a 1-year low of $2.50 and a 1-year high of $4.65. The company’s fifty day moving average price is $3.92 and its 200-day moving average price is $3.70. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $784.77 million, a PE ratio of 21.13 and a beta of 1.29.

Taboola.com (NASDAQ:TBLA) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Taboola.com had a net margin of 2.21% and a return on equity of 11.84%. The company had revenue of $522.31 million for the quarter, compared to analysts’ expectations of $537.80 million. During the same quarter in the previous year, the business posted $0.10 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis.

Hedge Funds Weigh In On Taboola.com

Institutional investors have recently bought and sold shares of the company. Baird Financial Group Inc. acquired a new position in Taboola.com during the first quarter worth about $59,000. AQR Capital Management LLC raised its holdings in shares of Taboola.com by 60.6% in the first quarter. AQR Capital Management LLC now owns 998,731 shares of the company’s stock worth $2,946,000 after acquiring an additional 376,684 shares during the last quarter. Empowered Funds LLC raised its stake in Taboola.com by 41.1% in the 1st quarter. Empowered Funds LLC now owns 722,984 shares of the company’s stock valued at $2,133,000 after purchasing an additional 210,562 shares during the last quarter. CWM LLC lifted its stake in shares of Taboola.com by 244.7% during the second quarter. CWM LLC now owns 39,116 shares of the company’s stock valued at $143,000 after buying an additional 27,768 shares during the period. Finally, Yelin Lapidot Holdings Management Ltd. lifted its stake in shares of Taboola.com by 46.1% during the 2nd quarter. Yelin Lapidot Holdings Management Ltd. now owns 768,731 shares of the company’s stock worth $2,814,000 after purchasing an additional 242,718 shares during the period. 42.89% of the stock is owned by institutional investors and hedge funds.

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.