Taboola.com (NASDAQ:TBLA) Trading Up 0.3% – Here’s Why

Taboola.com Ltd. (NASDAQ:TBLA) shares were up 0.3% during trading on Monday . The company traded as high as $3.06 and last traded at $3.01. Approximately 1,158,772 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 2,461,262 shares. The stock had previously closed at $3.00.

Wall Street Analysts Forecast Growth

TBLA has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $4.50 price target on shares of Taboola.com in a research note on Wednesday, February 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Taboola.com in a research report on Thursday, January 22nd. Wall Street Zen cut Taboola.com from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 28th. Rosenblatt Securities boosted their target price on Taboola.com from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Finally, Zacks Research raised Taboola.com from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $5.00.

Taboola.com Stock Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market cap of $799.62 million, a PE ratio of 21.53 and a beta of 1.34. The business’s 50-day moving average is $3.40 and its 200 day moving average is $3.67.

Taboola.com (NASDAQ:TBLA) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). Taboola.com had a net margin of 2.21% and a return on equity of 11.97%. The business 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 company earned $0.10 earnings per share. The business’s quarterly revenue was up 6.4% on a year-over-year basis.

Hedge Funds Weigh In On Taboola.com

A number of large investors have recently bought and sold shares of TBLA. LPL Financial LLC boosted its stake in shares of Taboola.com by 25.8% during the fourth quarter. LPL Financial LLC now owns 28,308 shares of the company’s stock valued at $130,000 after purchasing an additional 5,814 shares during the period. SG Americas Securities LLC increased its stake in shares of Taboola.com by 51.1% in the fourth 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 period. Russell Investments Group Ltd. raised its holdings in Taboola.com by 20.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 50,827 shares of the company’s stock valued at $176,000 after buying an additional 8,500 shares during the last quarter. CWM LLC boosted its position in Taboola.com by 25.5% during the 4th quarter. CWM LLC now owns 42,061 shares of the company’s stock valued at $194,000 after buying an additional 8,558 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Taboola.com by 16.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 63,574 shares of the company’s stock valued at $273,000 after buying an additional 8,886 shares during the period. 42.89% of the stock is owned by hedge funds and other 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.