Taboola.com Ltd. (NASDAQ:TBLA) Receives $4.80 Consensus Target Price from Analysts

Taboola.com Ltd. (NASDAQ:TBLA) has earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $4.80.

A number of research analysts have issued reports on TBLA shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Taboola.com in a report on Wednesday, October 8th. Rosenblatt Securities began coverage on Taboola.com in a report on Friday, December 19th. They issued a “buy” rating and a $6.00 price target on the stock. Wall Street Zen raised Taboola.com from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 8th. Finally, BTIG Research began coverage on Taboola.com in a research report on Tuesday, October 7th. They set a “neutral” rating on the stock.

Taboola.com Trading Up 3.9%

NASDAQ:TBLA opened at $4.49 on Wednesday. Taboola.com has a 1 year low of $2.50 and a 1 year high of $4.53. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a fifty day moving average price of $3.89 and a two-hundred day moving average price of $3.58. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 56.13 and a beta of 1.29.

Taboola.com (NASDAQ:TBLA) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). The company had revenue of $496.76 million for the quarter, compared to analyst estimates of $465.57 million. Taboola.com had a return on equity of 8.12% and a net margin of 1.34%.The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period last year, the company earned ($0.02) earnings per share.

Insider Activity

In other Taboola.com news, COO Eldad Maniv sold 414,816 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $3.78, for a total value of $1,568,004.48. Following the sale, the chief operating officer owned 10,392,460 shares of the company’s stock, valued at $39,283,498.80. This represents a 3.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nechemia Jacob Peres sold 6,387,648 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $3.67, for a total transaction of $23,442,668.16. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 6,812,509 shares of company stock worth $25,048,341 over the last quarter. Insiders own 22.40% of the company’s stock.

Institutional Investors Weigh In On Taboola.com

A number of large investors have recently bought and sold shares of TBLA. Arrowstreet Capital Limited Partnership raised its holdings in shares of Taboola.com by 412.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,113,200 shares of the company’s stock worth $11,394,000 after acquiring an additional 2,505,249 shares during the last quarter. Acadian Asset Management LLC increased its position in Taboola.com by 1.8% during the 2nd quarter. Acadian Asset Management LLC now owns 2,928,713 shares of the company’s stock worth $10,712,000 after purchasing an additional 52,791 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in Taboola.com by 6.9% in the 3rd quarter. Bridgeway Capital Management LLC now owns 2,289,068 shares of the company’s stock valued at $7,806,000 after purchasing an additional 147,920 shares during the last quarter. Bank of America Corp DE raised its stake in Taboola.com by 8.2% in the 3rd quarter. Bank of America Corp DE now owns 2,149,621 shares of the company’s stock valued at $7,330,000 after purchasing an additional 163,605 shares during the last quarter. Finally, Two Sigma Investments LP lifted its holdings in Taboola.com by 114.6% in the 3rd quarter. Two Sigma Investments LP now owns 2,005,558 shares of the company’s stock valued at $6,839,000 after purchasing an additional 1,070,864 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.