Oppenheimer Reiterates Market Perform Rating for Taboola.com (NASDAQ:TBLA)

Taboola.com (NASDAQ:TBLA)‘s stock had its “market perform” rating reiterated by analysts at Oppenheimer in a report issued on Wednesday.

Other research analysts have also recently issued reports about the stock. Benchmark reissued a “buy” rating and issued a $5.00 price target on shares of Taboola.com in a report on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 target price on shares of Taboola.com in a report on Friday, January 17th. Finally, JMP Securities cut their price objective on shares of Taboola.com from $6.00 to $5.00 and set a “market outperform” rating on the stock in a research report on Monday, January 27th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $5.25.

Taboola.com Price Performance

TBLA traded down $0.61 during midday trading on Wednesday, reaching $3.10. 7,756,809 shares of the company’s stock were exchanged, compared to its average volume of 932,832. Taboola.com has a one year low of $2.87 and a one year high of $4.96. The firm has a market capitalization of $903.73 million, a price-to-earnings ratio of -30.95 and a beta of 1.27. The business has a 50-day simple moving average of $3.75 and a two-hundred day simple moving average of $3.55. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Taboola.com (NASDAQ:TBLA) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). Taboola.com had a negative return on equity of 1.68% and a negative net margin of 1.96%.

Institutional Investors Weigh In On Taboola.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in TBLA. Bridgeway Capital Management LLC grew its position in shares of Taboola.com by 1,257.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 1,362,422 shares of the company’s stock worth $4,973,000 after buying an additional 1,262,042 shares during the last quarter. Wellington Management Group LLP lifted its position in Taboola.com by 6.1% during the fourth quarter. Wellington Management Group LLP now owns 19,205,915 shares of the company’s stock worth $70,102,000 after buying an additional 1,109,602 shares in the last quarter. Millennium Management LLC lifted its position in Taboola.com by 42.9% in the fourth quarter. Millennium Management LLC now owns 2,217,442 shares of the company’s stock valued at $8,094,000 after buying an additional 665,944 shares during the last quarter. Yelin Lapidot Holdings Management Ltd. acquired a new stake in shares of Taboola.com during the fourth quarter worth about $1,724,000. Finally, Renaissance Technologies LLC raised its position in Taboola.com by 40.2% in the 4th quarter. Renaissance Technologies LLC now owns 1,546,300 shares of the company’s stock valued at $5,644,000 after purchasing an additional 443,700 shares in the last quarter. Hedge funds and other institutional investors own 42.89% of the company’s stock.

About Taboola.com

Taboola.com Ltd., together with its subsidiaries, operates an artificial intelligence-based algorithmic engine platform in Israel, the United States, the United Kingdom, Germany, 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.