Taboola.com (TBLA) Scheduled to Post Quarterly Earnings on Wednesday

Taboola.com (NASDAQ:TBLA) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Taboola.com has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.05. The company had revenue of $419.80 million for the quarter, compared to analyst estimates of $436.96 million. Taboola.com had a negative net margin of 5.70% and a negative return on equity of 1.85%. The firm’s revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 EPS. On average, analysts expect Taboola.com to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Taboola.com Trading Up 0.7 %

Shares of Taboola.com stock opened at $4.43 on Monday. Taboola.com has a 1 year low of $2.16 and a 1 year high of $5.00. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $1.31 billion, a PE ratio of -18.46 and a beta of 1.35. The firm’s 50 day moving average is $4.30 and its 200 day moving average is $4.16.

Insider Transactions at Taboola.com

In other news, CTO Lior Golan sold 10,187 shares of the business’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 value of $49,508.82. Following the transaction, the chief technology officer now owns 2,545,291 shares in the company, valued at approximately $12,370,114.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 23.49% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. B. Riley reissued a “buy” rating and set a $5.25 target price on shares of Taboola.com in a report on Wednesday, April 24th. Needham & Company LLC reissued a “buy” rating and set a $6.00 target price on shares of Taboola.com in a report on Thursday, March 28th. TheStreet raised shares of Taboola.com from a “d+” rating to a “c-” rating in a report on Friday, January 19th. Finally, Oppenheimer boosted 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. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Taboola.com presently has an average rating of “Buy” and an average price target of $5.79.

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.