Taboola.com’s (TBLA) “Buy” Rating Reiterated at Needham & Company LLC

Taboola.com (NASDAQ:TBLA)‘s stock had its “buy” rating restated by equities researchers at Needham & Company LLC in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $4.50 target price on the stock. Needham & Company LLC’s target price indicates a potential upside of 53.32% from the company’s current price.

Several other analysts have also issued reports on the company. Wall Street Zen upgraded Taboola.com from a “hold” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Rosenblatt Securities began coverage on Taboola.com in a report on Friday, December 19th. They set a “buy” rating and a $6.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Taboola.com in a report on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $4.75.

Taboola.com Stock Down 6.5%

Shares of NASDAQ TBLA traded down $0.21 during trading hours on Wednesday, hitting $2.94. The company had a trading volume of 1,858,441 shares, compared to its average volume of 1,189,419. The stock has a market capitalization of $845.93 million, a P/E ratio of 36.57 and a beta of 1.29. Taboola.com has a 1-year low of $2.50 and a 1-year high of $4.65. The firm’s 50 day moving average is $3.98 and its 200-day moving average is $3.71. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.08.

Taboola.com (NASDAQ:TBLA) last announced its quarterly 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 net margin of 1.34% and a return on equity of 8.12%. The firm had revenue of $522.31 million during the quarter, compared to analyst estimates of $537.80 million. During the same quarter in the prior year, the business earned $0.10 EPS. The business’s revenue was up 6.4% compared to the same quarter last year.

Institutional Investors Weigh In On Taboola.com

Hedge funds and other institutional investors have recently modified their holdings of the company. DGS Capital Management LLC bought a new stake in shares of Taboola.com in the fourth quarter valued at about $55,000. Mercer Global Advisors Inc. ADV raised its stake in Taboola.com by 126.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 79,591 shares of the company’s stock worth $367,000 after purchasing an additional 44,498 shares in the last quarter. Empowered Funds LLC boosted its holdings in Taboola.com by 4.1% in the 4th quarter. Empowered Funds LLC now owns 1,427,478 shares of the company’s stock valued at $6,581,000 after purchasing an additional 55,910 shares during the period. XTX Topco Ltd grew its position in shares of Taboola.com by 78.8% during the 4th quarter. XTX Topco Ltd now owns 635,318 shares of the company’s stock worth $2,929,000 after purchasing an additional 280,036 shares in the last quarter. Finally, VARCOV Co. bought a new position in shares of Taboola.com during the fourth quarter worth approximately $761,000. Institutional investors and hedge funds 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.