Brokerages Set Taboola.com Ltd. (NASDAQ:TBLA) PT at $4.66

Shares of Taboola.com Ltd. (NASDAQ:TBLA – Get Rating) have earned an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $4.66.

Several brokerages have recently weighed in on TBLA. JMP Securities reiterated a “market outperform” rating and set a $6.00 target price on shares of Taboola.com in a research note on Monday, February 27th. Oppenheimer reduced their price objective on shares of Taboola.com from $4.50 to $4.00 and set an “outperform” rating for the company in a research report on Monday, February 27th. TheStreet downgraded shares of Taboola.com from a “c-” rating to a “d+” rating in a research report on Wednesday, March 22nd. Credit Suisse Group reduced their price objective on shares of Taboola.com from $6.00 to $5.00 and set an “outperform” rating for the company in a research report on Monday, February 27th. Finally, Cowen raised their price objective on shares of Taboola.com from $5.00 to $6.00 and gave the company an “outperform” rating in a research report on Monday, February 27th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TBLA. Grace & White Inc. NY purchased a new position in Taboola.com in the first quarter valued at about $36,000. Acadian Asset Management LLC purchased a new position in Taboola.com in the first quarter valued at about $36,000. Vanguard Personalized Indexing Management LLC purchased a new position in Taboola.com in the second quarter valued at about $44,000. Vance Wealth Inc. purchased a new position in Taboola.com in the fourth quarter valued at about $46,000. Finally, Symmetry Peak Management LLC purchased a new position in Taboola.com in the fourth quarter valued at about $46,000. 33.28% of the stock is owned by hedge funds and other institutional investors.

Taboola.com Price Performance

Shares of TBLA opened at $3.00 on Friday. Taboola.com has a fifty-two week low of $1.52 and a fifty-two week high of $4.45. The company has a market capitalization of $893.86 million, a price-to-earnings ratio of -20.00 and a beta of 1.50. The firm has a 50-day simple moving average of $2.57 and a 200-day simple moving average of $2.80. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.61 and a current ratio of 1.61.

Taboola.com (NASDAQ:TBLA – Get Rating) last announced its earnings results on Friday, February 24th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). Taboola.com had a positive return on equity of 3.63% and a negative net margin of 0.85%. The business had revenue of $371.27 million for the quarter, compared to analyst estimates of $369.37 million. On average, equities research analysts anticipate that Taboola.com will post -0.2 earnings per share for the current year.

About Taboola.com

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Taboola.com Ltd., together with its subsidiaries, operates an artificial intelligence-based algorithmic engine platform in Israel, the United Kingdom, the United States, Germany, France, and internationally. It offers Taboola, a platform that partners with websites, devices, and mobile apps to recommend editorial content and advertisements on the open web to users.