JMP Securities Issues Pessimistic Forecast for Taboola.com (NASDAQ:TBLA) Stock Price

Taboola.com (NASDAQ:TBLA) had its target price reduced by JMP Securities from $6.00 to $5.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “market outperform” rating on the stock. JMP Securities’ target price would indicate a potential upside of 36.24% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Benchmark restated a “buy” rating and issued a $5.00 price objective on shares of Taboola.com in a research note on Monday, October 7th. Needham & Company LLC reissued a “buy” rating and issued a $5.00 price target on shares of Taboola.com in a research report on Friday, January 17th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $5.25.

Taboola.com Stock Up 2.8 %

TBLA opened at $3.67 on Monday. Taboola.com has a twelve month low of $2.87 and a twelve month high of $5.00. The company’s 50-day moving average price is $3.74 and its two-hundred day moving average price is $3.47. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of -36.70 and a beta of 1.26. 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 announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). The firm had revenue of $433.10 million for the quarter, compared to the consensus estimate of $429.43 million. Taboola.com had a negative net margin of 1.96% and a negative return on equity of 1.68%. During the same period last year, the company posted ($0.02) earnings per share.

Insiders Place Their Bets

In other news, Director Richard T. Scanlon sold 250,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $3.16, for a total value of $790,000.00. Following the completion of the transaction, the director now directly owns 70,642 shares in the company, valued at approximately $223,228.72. This trade represents a 77.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Taboola.com

Large investors have recently added to or reduced their stakes in the business. Empowered Funds LLC grew its holdings in shares of Taboola.com by 410.5% during the fourth quarter. Empowered Funds LLC now owns 512,422 shares of the company’s stock worth $1,870,000 after purchasing an additional 412,042 shares in the last quarter. Millennium Management LLC raised its position in shares of Taboola.com by 32.3% during the 2nd quarter. Millennium Management LLC now owns 1,339,987 shares of the company’s stock valued at $4,610,000 after buying an additional 327,518 shares in the last quarter. Algert Global LLC purchased a new stake in shares of Taboola.com during the 2nd quarter valued at $1,020,000. JPMorgan Chase & Co. grew its position in Taboola.com by 54.7% in the third quarter. JPMorgan Chase & Co. now owns 727,181 shares of the company’s stock worth $2,443,000 after acquiring an additional 257,009 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Taboola.com by 352.1% in the second quarter. American Century Companies Inc. now owns 126,554 shares of the company’s stock valued at $435,000 after acquiring an additional 98,562 shares during the last quarter. 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.