Taboola.com Ltd. to Post Q1 2024 Earnings of ($0.09) Per Share, B. Riley Forecasts (NASDAQ:TBLA)

Taboola.com Ltd. (NASDAQ:TBLA) – Equities researchers at B. Riley issued their Q1 2024 earnings estimates for Taboola.com in a research note issued to investors on Tuesday, April 23rd. B. Riley analyst Z. Cummins expects that the company will post earnings of ($0.09) per share for the quarter. B. Riley has a “Buy” rating and a $5.25 price target on the stock. The consensus estimate for Taboola.com’s current full-year earnings is $0.13 per share. B. Riley also issued estimates for Taboola.com’s Q2 2024 earnings at ($0.04) EPS, Q3 2024 earnings at $0.05 EPS, Q4 2024 earnings at $0.10 EPS, FY2024 earnings at $0.01 EPS and FY2025 earnings at $0.19 EPS.

Taboola.com (NASDAQ:TBLA) last announced its earnings results on Wednesday, February 28th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. The company had revenue of $419.80 million during the quarter, compared to analysts’ expectations of $436.96 million. Taboola.com had a negative net margin of 5.70% and a negative return on equity of 1.85%. Taboola.com’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.11 earnings per share.

A number of other research firms have also recently commented on TBLA. Needham & Company LLC reissued a “buy” rating and issued a $6.00 target price on shares of Taboola.com in a report on Thursday, March 28th. Oppenheimer increased their target price on shares of Taboola.com from $5.50 to $6.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. Finally, TheStreet raised shares of Taboola.com from a “d+” rating to a “c-” rating in a report on Friday, January 19th. Five analysts have rated the stock with a buy rating, According to MarketBeat, Taboola.com has an average rating of “Buy” and a consensus target price of $5.79.

Taboola.com Trading Up 0.7 %

TBLA opened at $4.23 on Friday. Taboola.com has a twelve month low of $2.16 and a twelve month high of $5.00. The company has a 50-day simple moving average of $4.34 and a 200 day simple moving average of $4.14. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of -17.62 and a beta of 1.37.

Insider Buying and Selling at Taboola.com

In other news, CTO Lior Golan sold 10,187 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $4.86, for a total transaction of $49,508.82. Following the completion of the sale, the chief technology officer now owns 2,545,291 shares of the company’s stock, valued at approximately $12,370,114.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders sold 55,325 shares of company stock valued at $269,318. 23.49% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Taboola.com

A number of large investors have recently modified their holdings of the company. Checchi Capital Advisers LLC lifted its holdings in shares of Taboola.com by 38.5% in the 1st quarter. Checchi Capital Advisers LLC now owns 1,069,944 shares of the company’s stock worth $4,751,000 after purchasing an additional 297,411 shares in the last quarter. Schnieders Capital Management LLC bought a new position in shares of Taboola.com in the 1st quarter worth $163,000. Saxon Interests Inc. bought a new position in shares of Taboola.com in the 1st quarter worth $179,000. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Taboola.com by 8.0% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 60,701 shares of the company’s stock worth $270,000 after purchasing an additional 4,478 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC lifted its holdings in shares of Taboola.com by 35.6% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 30,798 shares of the company’s stock worth $137,000 after purchasing an additional 8,079 shares in the last quarter. 42.89% of the stock is currently owned by institutional investors.

Taboola.com Company Profile

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.