Taboola.com (NASDAQ:TBLA) Shares Gap Up After Better-Than-Expected Earnings

Taboola.com Ltd. (NASDAQ:TBLA) shares gapped up before the market opened on Wednesday following a stronger than expected earnings report. The stock had previously closed at $3.81, but opened at $4.26. Taboola.com shares last traded at $4.3290, with a volume of 1,422,619 shares trading hands.

The company reported $0.20 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.21. The firm had revenue of $466.40 million for the quarter, compared to the consensus estimate of $453.30 million. Taboola.com had a net margin of 2.21% and a return on equity of 11.97%. The company’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm earned ($0.03) EPS.

Analyst Ratings Changes

A number of brokerages have issued reports on TBLA. Needham & Company LLC reiterated a “buy” rating and issued a $4.50 price target on shares of Taboola.com in a report on Wednesday, February 25th. Wall Street Zen downgraded shares of Taboola.com from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 28th. Rosenblatt Securities lifted their price target on shares of Taboola.com from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Zacks Research downgraded shares of Taboola.com from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Taboola.com in a report on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $5.00.

Hedge Funds Weigh In On Taboola.com

A number of institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC grew its stake in shares of Taboola.com by 31.5% in the 1st quarter. SG Americas Securities LLC now owns 23,125 shares of the company’s stock worth $72,000 after buying an additional 5,546 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Taboola.com by 25.8% during the 4th quarter. LPL Financial LLC now owns 28,308 shares of the company’s stock worth $130,000 after purchasing an additional 5,814 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Taboola.com by 20.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 50,827 shares of the company’s stock worth $176,000 after purchasing an additional 8,500 shares during the period. CWM LLC boosted its stake in shares of Taboola.com by 25.5% during the 4th quarter. CWM LLC now owns 42,061 shares of the company’s stock worth $194,000 after purchasing an additional 8,558 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Taboola.com by 16.2% during the 4th 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 during the period. 42.89% of the stock is owned by hedge funds and other institutional investors.

Taboola.com Stock Performance

The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average is $3.33 and its 200 day moving average is $3.71. The stock has a market capitalization of $1.04 billion, a PE ratio of 28.70 and a beta of 1.43.

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.