Taboola.com Ltd. (NASDAQ:TBLA) Receives Consensus Rating of “Buy” from Analysts

Shares of Taboola.com Ltd. (NASDAQ:TBLA) have been given an average rating of “Buy” by the five research firms that are currently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have covered the stock in the last year is $5.59.

Several research firms have issued reports on TBLA. Needham & Company LLC dropped their price objective on Taboola.com from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Friday, July 5th. B. Riley reaffirmed a “buy” rating and issued a $5.25 price target on shares of Taboola.com in a report on Wednesday, April 24th. Finally, Benchmark reissued a “buy” rating and issued a $6.00 target price on shares of Taboola.com in a research report on Monday, May 6th.

Taboola.com Trading Down 0.3 %

NASDAQ TBLA opened at $3.20 on Friday. The stock has a market cap of $930.34 million, a P/E ratio of -13.91 and a beta of 1.29. The company’s fifty day simple moving average is $3.82 and its 200-day simple moving average is $4.19. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14. Taboola.com has a 52 week low of $3.16 and a 52 week high of $5.00.

Taboola.com (NASDAQ:TBLA) last posted its quarterly earnings data on Wednesday, May 8th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. Taboola.com had a negative net margin of 5.04% and a negative return on equity of 2.64%. The company had revenue of $414.01 million during the quarter, compared to analysts’ expectations of $401.73 million. Equities research analysts predict that Taboola.com will post 0.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TBLA. Wellington Management Group LLP boosted its stake in Taboola.com by 0.7% in the third quarter. Wellington Management Group LLP now owns 12,908,230 shares of the company’s stock valued at $48,922,000 after acquiring an additional 85,371 shares during the period. Citigroup Inc. grew its stake in Taboola.com by 8.0% during the 3rd quarter. Citigroup Inc. now owns 123,134 shares of the company’s stock worth $467,000 after buying an additional 9,138 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in Taboola.com by 10.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 28,326 shares of the company’s stock worth $123,000 after buying an additional 2,726 shares during the period. Arizona State Retirement System bought a new stake in Taboola.com in the fourth quarter valued at $164,000. Finally, Meitav Investment House Ltd. acquired a new position in shares of Taboola.com during the fourth quarter valued at $242,000. 42.89% of the stock is owned by institutional investors and hedge funds.

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.