Taboola.com Ltd. (NASDAQ:TBLA) Receives Average Rating of “Moderate Buy” from Brokerages

Taboola.com Ltd. (NASDAQ:TBLA) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $5.90.

A number of research firms have weighed in on TBLA. Weiss Ratings reissued a “hold (c)” rating on shares of Taboola.com in a research report on Tuesday, April 21st. TD Cowen increased their price target on Taboola.com from $4.00 to $6.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Zacks Research cut Taboola.com from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Wall Street Zen upgraded Taboola.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, Benchmark increased their price target on Taboola.com from $4.50 to $6.50 and gave the stock a “buy” rating in a report on Thursday, May 7th.

Insider Activity

In other Taboola.com news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $4.40, for a total transaction of $52,800,000.00. Following the transaction, the insider directly owned 18,039,644 shares in the company, valued at approximately $79,374,433.60. This represents a 39.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 20.60% of the company’s stock.

Hedge Funds Weigh In On Taboola.com

A number of institutional investors and hedge funds have recently modified their holdings of TBLA. Baird Financial Group Inc. bought a new position in shares of Taboola.com during the 1st quarter worth approximately $59,000. AQR Capital Management LLC boosted its holdings in shares of Taboola.com by 60.6% during the 1st quarter. AQR Capital Management LLC now owns 998,731 shares of the company’s stock worth $2,946,000 after buying an additional 376,684 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Taboola.com by 41.1% in the 1st quarter. Empowered Funds LLC now owns 722,984 shares of the company’s stock worth $2,133,000 after purchasing an additional 210,562 shares in the last quarter. Creative Planning bought a new position in shares of Taboola.com in the 2nd quarter worth $154,000. Finally, American Century Companies Inc. lifted its holdings in shares of Taboola.com by 22.3% in the 2nd quarter. American Century Companies Inc. now owns 420,732 shares of the company’s stock worth $1,540,000 after purchasing an additional 76,640 shares in the last quarter. 42.89% of the stock is currently owned by institutional investors.

Taboola.com Stock Performance

NASDAQ:TBLA opened at $5.04 on Wednesday. The company has a market capitalization of $1.23 billion, a PE ratio of 13.26 and a beta of 1.51. The company has a 50 day simple moving average of $4.39 and a two-hundred day simple moving average of $3.96. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.13 and a current ratio of 1.13. Taboola.com has a fifty-two week low of $2.84 and a fifty-two week high of $5.26.

Taboola.com (NASDAQ:TBLA) last released its earnings results on Wednesday, May 6th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.21. The business had revenue of $466.40 million during the quarter, compared to the consensus estimate of $453.30 million. Taboola.com had a net margin of 5.64% and a return on equity of 10.72%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.03) EPS. Research analysts anticipate that Taboola.com will post 0.41 earnings per share for the current year.

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.