Taboola.com (NASDAQ:TBLA) Stock Rating Reaffirmed by Needham & Company LLC

Taboola.com (NASDAQ:TBLA)‘s stock had its “buy” rating reissued by stock analysts at Needham & Company LLC in a report issued on Thursday, Benzinga reports. They currently have a $5.00 price objective on the stock. Needham & Company LLC’s price objective suggests a potential upside of 49.70% from the company’s current price.

Separately, Benchmark reaffirmed a “buy” rating and set a $5.00 price objective on shares of Taboola.com in a research note on Monday, October 7th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $5.31.

Taboola.com Price Performance

TBLA opened at $3.34 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 1.31. The stock’s 50 day simple moving average is $3.26 and its 200 day simple moving average is $3.65. The firm has a market cap of $971.05 million, a price-to-earnings ratio of -14.52 and a beta of 1.29. Taboola.com has a 1 year low of $2.87 and a 1 year high of $5.00.

Taboola.com (NASDAQ:TBLA) last issued its earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.04. Taboola.com had a negative net margin of 3.07% and a negative return on equity of 1.57%. The firm had revenue of $428.00 million for the quarter, compared to analysts’ expectations of $428.67 million. During the same quarter last year, the business earned ($0.05) earnings per share. The business’s revenue was up 28.9% on a year-over-year basis. As a group, analysts predict that Taboola.com will post 0.03 earnings per share for the current year.

Insider Activity at Taboola.com

In other Taboola.com news, Director Lynda M. Clarizio sold 29,606 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $3.61, for a total value of $106,877.66. Following the completion of the transaction, the director now directly owns 176,158 shares in the company, valued at approximately $635,930.38. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TBLA. Hennion & Walsh Asset Management Inc. lifted its stake 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 valued at $270,000 after purchasing an additional 4,478 shares during the period. Van ECK Associates Corp lifted its position in Taboola.com by 8.5% during the second quarter. Van ECK Associates Corp now owns 71,035 shares of the company’s stock valued at $244,000 after buying an additional 5,535 shares during the period. Counterpoint Mutual Funds LLC boosted its holdings in shares of Taboola.com by 35.6% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 30,798 shares of the company’s stock valued at $137,000 after buying an additional 8,079 shares in the last quarter. Arizona State Retirement System grew its position in shares of Taboola.com by 22.2% in the 2nd quarter. Arizona State Retirement System now owns 45,493 shares of the company’s stock worth $156,000 after buying an additional 8,262 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Taboola.com by 40.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,877 shares of the company’s stock worth $154,000 after acquiring an additional 12,869 shares in the last quarter. Hedge funds and other institutional investors own 42.89% of the company’s stock.

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.