Taboola.com (NASDAQ:TBLA) Announces Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Taboola.com (NASDAQ:TBLA) announced its quarterly earnings results on Thursday. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04), Briefing.com reports. The business had revenue of $433.10 million during the quarter, compared to the consensus estimate of $429.43 million. Taboola.com had a negative net margin of 3.07% and a negative return on equity of 1.57%. During the same period in the previous year, the business posted ($0.02) EPS. Taboola.com updated its Q4 2024 guidance to EPS and its FY 2024 guidance to EPS.

Taboola.com Price Performance

Shares of Taboola.com stock traded down $0.08 during trading hours on Friday, reaching $3.24. The stock had a trading volume of 1,111,437 shares, compared to its average volume of 1,047,831. The firm has a market capitalization of $944.35 million, a PE ratio of -22.13 and a beta of 1.28. Taboola.com has a twelve month low of $2.87 and a twelve month high of $5.00. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock’s 50 day moving average is $3.35 and its 200 day moving average is $3.56.

Wall Street Analysts Forecast Growth

TBLA has been the subject of a number of recent research reports. Benchmark reissued 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 reiterated a “buy” rating and issued a $5.00 price target on shares of Taboola.com in a report on Friday. Four analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $5.31.

Insider Activity

In other news, Director Lynda M. Clarizio sold 29,606 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $3.61, for a total transaction of $106,877.66. Following the completion of the sale, the director now owns 176,158 shares of the company’s stock, valued at $635,930.38. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 22.40% 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.