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

Taboola.com Ltd. (NASDAQ:TBLA) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $5.90.

Several research firms recently issued reports on TBLA. 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 report on Thursday, May 7th. Zacks Research lowered shares of Taboola.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Benchmark upped their price objective on Taboola.com from $4.50 to $6.50 and gave the stock a “buy” rating in a research note on Thursday, May 7th. TD Cowen increased their target price on Taboola.com from $4.00 to $6.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Taboola.com in a research note on Tuesday, April 21st.

Insider Transactions at Taboola.com

In other 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 sale, the insider owned 18,039,644 shares in the company, valued at $79,374,433.60. This trade represents a 39.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 20.60% of the stock is currently owned by company insiders.

Institutional Trading of Taboola.com

Several hedge funds have recently bought and sold shares of the stock. LSV Asset Management lifted its stake in shares of Taboola.com by 31.5% in the 4th quarter. LSV Asset Management now owns 2,608,389 shares of the company’s stock valued at $12,025,000 after purchasing an additional 624,831 shares during the last quarter. Nano Cap New Millennium Growth Fund L P bought a new stake in Taboola.com in the fourth quarter worth $2,305,000. Quent Capital LLC purchased a new position in Taboola.com during the fourth quarter worth $968,000. Globeflex Capital L P increased its position in Taboola.com by 65.0% during the fourth quarter. Globeflex Capital L P now owns 1,638,910 shares of the company’s stock valued at $7,555,000 after acquiring an additional 645,755 shares during the last quarter. Finally, Creek Drive Management Group LLC bought a new position in Taboola.com during the fourth quarter valued at $649,000. Hedge funds and other institutional investors own 42.89% of the company’s stock.

Taboola.com Stock Performance

Shares of TBLA stock traded down $0.06 during mid-day trading on Friday, reaching $5.52. 1,610,866 shares of the company’s stock traded hands, compared to its average volume of 3,853,177. 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 capitalization of $1.34 billion, a PE ratio of 14.53 and a beta of 1.50. Taboola.com has a 12 month low of $2.84 and a 12 month high of $5.71. The firm has a 50 day moving average price of $4.89 and a two-hundred day moving average price of $4.09.

Taboola.com (NASDAQ:TBLA) last released its earnings results on Wednesday, May 6th. The company reported $0.20 earnings per share for the quarter, beating 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 company had revenue of $466.39 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) earnings per share. Taboola.com’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, research analysts forecast 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.