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

Taboola.com Ltd. (NASDAQ:TBLA) has been assigned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to 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 analysts recently issued reports on the company. Benchmark boosted their price target on Taboola.com from $4.50 to $6.50 and gave the company a “buy” rating in a report on Thursday, May 7th. Wall Street Zen upgraded Taboola.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Zacks Research downgraded Taboola.com from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Needham & Company LLC lifted their target price on Taboola.com from $4.50 to $5.50 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Taboola.com in a report on Tuesday, April 21st.

Insider Activity at Taboola.com

In related news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of Taboola.com stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $4.40, for a total transaction of $52,800,000.00. Following the transaction, the insider directly owned 18,039,644 shares of the company’s stock, valued at $79,374,433.60. This trade represents a 39.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 20.60% of the company’s stock.

Institutional Trading of Taboola.com

Hedge funds have recently bought and sold shares of the stock. Quarry LP purchased a new position in Taboola.com in the third quarter valued at about $42,000. Headlands Technologies LLC bought a new stake in shares of Taboola.com in the 2nd quarter valued at about $43,000. Captrust Financial Advisors bought a new stake in shares of Taboola.com in the 2nd quarter valued at about $46,000. Abacus Wealth Partners LLC purchased a new position in shares of Taboola.com in the 4th quarter worth approximately $48,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Taboola.com in the 3rd quarter worth approximately $54,000. Hedge funds and other institutional investors own 42.89% of the company’s stock.

Taboola.com Trading Down 0.6%

TBLA stock opened at $5.41 on Friday. Taboola.com has a 12 month low of $2.84 and a 12 month high of $5.71. The firm’s 50-day moving average is $4.98 and its 200 day moving average is $4.12. The company has a market capitalization of $1.32 billion, a PE ratio of 14.24 and a beta of 1.50. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.13 and a quick ratio of 1.13.

Taboola.com (NASDAQ:TBLA) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.21. The company had revenue of $466.39 million during the quarter, compared to analysts’ expectations of $453.30 million. Taboola.com had a net margin of 5.64% and a return on equity of 10.72%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.03) EPS. On average, research analysts anticipate that Taboola.com will post 0.41 EPS for the current 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.