Taboola.com (NASDAQ:TBLA) Receives “Buy” Rating from B. Riley

B. Riley reissued their buy rating on shares of Taboola.com (NASDAQ:TBLA) in a research note released on Wednesday, MarketBeat Ratings reports. They currently have a $5.25 target price on the stock.

A number of other analysts have also issued reports on the stock. Needham & Company LLC restated a buy rating and issued a $6.00 price target on shares of Taboola.com in a research note on Thursday, March 28th. TheStreet upgraded shares of Taboola.com from a d+ rating to a c- rating in a research note on Friday, January 19th. Finally, Oppenheimer lifted their price target on shares of Taboola.com from $5.50 to $6.00 and gave the stock an outperform rating in a research note on Thursday, February 29th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of Buy and a consensus target price of $5.79.

Taboola.com Price Performance

NASDAQ TBLA opened at $4.17 on Wednesday. The company’s fifty day simple moving average is $4.36 and its 200-day simple moving average is $4.13. Taboola.com has a 52 week low of $2.16 and a 52 week high of $5.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.32 and a quick ratio of 1.32.

Taboola.com (NASDAQ:TBLA) last posted its earnings results on Wednesday, February 28th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. Taboola.com had a negative net margin of 5.70% and a negative return on equity of 1.85%. The business had revenue of $419.80 million for the quarter, compared to analysts’ expectations of $436.96 million. During the same period in the previous year, the company posted $0.11 earnings per share. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. As a group, research analysts expect that Taboola.com will post 0.13 earnings per share for the current year.

Insider Buying and Selling at Taboola.com

In other Taboola.com news, CTO Lior Golan sold 10,187 shares of the business’s stock in a transaction 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 in the company, valued at $12,370,114.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 55,325 shares of company stock worth $269,318 over the last 90 days. Insiders own 23.49% of the company’s stock.

Hedge Funds Weigh In On Taboola.com

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in shares of Taboola.com by 24.5% during the third quarter. Bank of New York Mellon Corp now owns 20,504 shares of the company’s stock valued at $78,000 after acquiring an additional 4,030 shares during the period. Counterpoint Mutual Funds LLC acquired a new position in shares of Taboola.com during the fourth quarter valued at $98,000. Harbor Capital Advisors Inc. boosted its holdings in shares of Taboola.com by 10.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 28,326 shares of the company’s stock valued at $123,000 after acquiring an additional 2,726 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Taboola.com during the third quarter valued at $145,000. Finally, Arizona State Retirement System acquired a new position in shares of Taboola.com during the fourth quarter valued at $164,000. Institutional investors and hedge funds 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.