Taboola.com (NASDAQ:TBLA) Stock Price Expected to Rise, TD Cowen Analyst Says

Taboola.com (NASDAQ:TBLA) had its target price lifted by investment analysts at TD Cowen from $4.00 to $6.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen’s price objective indicates a potential upside of 16.62% from the stock’s current price.

Several other equities analysts have also recently issued reports on the stock. Rosenblatt Securities boosted their target price on shares of Taboola.com from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Zacks Research cut shares of Taboola.com from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Benchmark upped their price objective on shares of Taboola.com from $4.50 to $6.50 and gave the stock a “buy” rating in a research report on Thursday. Needham & Company LLC increased their target price on shares of Taboola.com from $4.50 to $5.50 and gave the stock a “buy” rating in a research note on Thursday. Finally, Wall Street Zen upgraded Taboola.com from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Taboola.com currently has an average rating of “Moderate Buy” and a consensus price target of $5.90.

Taboola.com Stock Performance

Shares of TBLA stock traded down $0.11 on Monday, hitting $5.15. The company had a trading volume of 2,293,721 shares, compared to its average volume of 1,872,700. The firm has a market cap of $1.25 billion, a P/E ratio of 13.54 and a beta of 1.43. The company has a 50-day moving average price of $3.41 and a 200-day moving average price of $3.73. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.07. Taboola.com has a twelve month low of $2.84 and a twelve month high of $5.26.

Taboola.com (NASDAQ:TBLA) last posted 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 analyst estimates of $453.30 million. During the same period last year, the company earned ($0.03) earnings per share. Taboola.com’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, equities research analysts predict that Taboola.com will post 0.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Taboola.com

Several large investors have recently modified their holdings of TBLA. LSV Asset Management raised its stake in shares of Taboola.com by 2,001.4% in the 3rd quarter. LSV Asset Management now owns 1,983,558 shares of the company’s stock valued at $6,764,000 after acquiring an additional 1,889,168 shares during the period. AlpInvest Partners B.V. acquired a new stake in Taboola.com in the 3rd quarter valued at approximately $1,028,000. Quent Capital LLC purchased a new stake in Taboola.com in the fourth quarter valued at approximately $968,000. SG Americas Securities LLC raised its position in Taboola.com by 51.1% in the fourth quarter. SG Americas Securities LLC now owns 17,579 shares of the company’s stock valued at $81,000 after purchasing an additional 5,944 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Taboola.com by 16.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 63,574 shares of the company’s stock worth $273,000 after purchasing an additional 8,886 shares in the last quarter. Institutional investors and hedge funds own 42.89% of the company’s stock.

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.