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

Shares of Taboola.com Ltd. (NASDAQ:TBLA) have earned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $5.90.

A number of equities analysts have recently commented on the company. Needham & Company LLC raised their price target on Taboola.com from $4.50 to $5.50 and gave the stock a “buy” rating in a report on Thursday, May 7th. Zacks Research lowered Taboola.com from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Benchmark raised their price target on Taboola.com from $4.50 to $6.50 and gave the stock a “buy” rating in a report on Thursday, May 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Taboola.com in a report on Tuesday, April 21st. Finally, Wall Street Zen raised Taboola.com from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th.

Taboola.com Trading Down 0.2%

Shares of TBLA opened at $4.92 on Friday. Taboola.com has a 52-week low of $2.84 and a 52-week high of $5.26. The business’s fifty day moving average is $3.81 and its 200-day moving average is $3.86. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 12.95 and a beta of 1.43.

Taboola.com (NASDAQ:TBLA) last announced its earnings results on Wednesday, May 6th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.21. Taboola.com had a return on equity of 10.72% and a net margin of 5.64%.The firm had revenue of $466.40 million for the quarter, compared to the consensus estimate of $453.30 million. During the same period in the previous year, the business earned ($0.03) EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities analysts anticipate that Taboola.com will post 0.41 EPS for the current fiscal year.

Institutional Trading of Taboola.com

Several large investors have recently bought and sold shares of TBLA. Quarry LP purchased a new stake in shares of Taboola.com in the 3rd quarter worth $42,000. Headlands Technologies LLC purchased a new stake in shares of Taboola.com in the 2nd quarter worth $43,000. Captrust Financial Advisors purchased a new stake in shares of Taboola.com in the 2nd quarter worth $46,000. Abacus Wealth Partners LLC purchased a new stake in shares of Taboola.com in the 4th quarter worth $48,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of Taboola.com in the 3rd quarter worth $54,000. 42.89% of the stock is owned by 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.