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

Taboola.com Ltd. (NASDAQ:TBLA) has been assigned a consensus rating of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $4.80.

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

Insider Transactions at Taboola.com

In related news, COO Eldad Maniv sold 414,816 shares of Taboola.com stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $3.78, for a total transaction of $1,568,004.48. Following the completion of the transaction, the chief operating officer directly owned 10,392,460 shares of the company’s stock, valued at $39,283,498.80. This trade represents a 3.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Nechemia Jacob Peres sold 6,387,648 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $3.67, for a total value of $23,442,668.16. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 6,812,509 shares of company stock valued at $25,048,341 in the last quarter. 24.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Taboola.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. bought a new stake in shares of Taboola.com during the second quarter worth approximately $37,000. Pallas Capital Advisors LLC acquired a new stake in Taboola.com during the 2nd quarter worth $41,000. Quarry LP bought a new stake in shares of Taboola.com during the 3rd quarter valued at $42,000. Headlands Technologies LLC acquired a new position in shares of Taboola.com in the 2nd quarter valued at $43,000. Finally, Captrust Financial Advisors acquired a new position in shares of Taboola.com in the 2nd quarter valued at $46,000. 42.89% of the stock is owned by institutional investors.

Taboola.com Stock Up 3.9%

Shares of TBLA stock opened at $4.49 on Wednesday. Taboola.com has a one year low of $2.50 and a one year high of $4.53. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a fifty day moving average price of $3.89 and a 200 day moving average price of $3.58. The stock has a market cap of $1.29 billion, a P/E ratio of 56.13 and a beta of 1.30.

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