Taboola.com (NASDAQ:TBLA) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Taboola.com (NASDAQ:TBLA) from a hold rating to a strong-buy rating in a research report released on Tuesday,Zacks.com reports.

TBLA has been the subject of a number of other research reports. Wall Street Zen downgraded shares of Taboola.com from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 28th. Needham & Company LLC reiterated a “buy” rating and set a $4.50 price objective on shares of Taboola.com in a research note on Wednesday, February 25th. Weiss Ratings restated a “hold (c)” rating on shares of Taboola.com in a research note on Thursday, January 22nd. Finally, Rosenblatt Securities upped their target price on Taboola.com from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, February 26th. 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. According to data from MarketBeat.com, Taboola.com has an average rating of “Moderate Buy” and a consensus price target of $5.00.

Taboola.com Stock Up 6.9%

Shares of Taboola.com stock traded up $0.22 during trading on Tuesday, reaching $3.40. The company had a trading volume of 2,524,296 shares, compared to its average volume of 1,460,795. The company has a market cap of $841.70 million, a price-to-earnings ratio of 22.63 and a beta of 1.34. Taboola.com has a fifty-two week low of $2.50 and a fifty-two week high of $4.65. The firm’s fifty day moving average is $3.86 and its 200-day moving average is $3.70. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.07 and a current ratio of 1.07.

Taboola.com (NASDAQ:TBLA) last released its earnings results on Wednesday, February 25th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Taboola.com had a return on equity of 11.97% and a net margin of 2.21%.The firm had revenue of $522.31 million for the quarter, compared to the consensus estimate of $537.80 million. During the same period in the prior year, the business earned $0.10 EPS. The company’s quarterly revenue was up 6.4% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. LPL Financial LLC raised 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 in the last quarter. SG Americas Securities LLC boosted its holdings 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 valued at $81,000 after acquiring an additional 5,944 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Taboola.com by 20.1% during the third quarter. Russell Investments Group Ltd. now owns 50,827 shares of the company’s stock valued at $176,000 after acquiring an additional 8,500 shares during the period. CWM LLC raised its holdings in Taboola.com by 25.5% during the fourth quarter. CWM LLC now owns 42,061 shares of the company’s stock worth $194,000 after purchasing an additional 8,558 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings 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 own 42.89% of the company’s stock.

Taboola.com Company Profile

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.