Oppenheimer Reaffirms “Market Perform” Rating for Taboola.com (NASDAQ:TBLA)

Taboola.com (NASDAQ:TBLA)‘s stock had its “market perform” rating reaffirmed by stock analysts at Oppenheimer in a research note issued to investors on Wednesday.

Other research analysts have also issued reports about the company. Benchmark reissued a “buy” rating and set a $5.00 price target on shares of Taboola.com in a research report on Tuesday. JMP Securities reduced their price target on shares of Taboola.com from $6.00 to $5.00 and set a “market outperform” rating for the company in a research report on Monday, January 27th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $5.00 price objective on shares of Taboola.com in a report on Friday, January 17th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $5.25.

Taboola.com Trading Down 16.4 %

NASDAQ:TBLA traded down $0.61 on Wednesday, hitting $3.10. 7,756,809 shares of the stock were exchanged, compared to its average volume of 932,832. The stock has a fifty day moving average of $3.75 and a 200-day moving average of $3.55. Taboola.com has a fifty-two week low of $2.87 and a fifty-two week high of $4.96. 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 has a market cap of $903.73 million, a PE ratio of -30.95 and a beta of 1.27.

Taboola.com (NASDAQ:TBLA) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Taboola.com had a negative return on equity of 1.68% and a negative net margin of 1.96%.

Hedge Funds Weigh In On Taboola.com

A number of institutional investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Taboola.com by 37.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 373,075 shares of the company’s stock worth $1,362,000 after acquiring an additional 101,677 shares in the last quarter. Wolverine Trading LLC boosted its holdings in shares of Taboola.com by 98.4% in the fourth quarter. Wolverine Trading LLC now owns 17,063 shares of the company’s stock worth $63,000 after acquiring an additional 8,463 shares during the period. Sphera Management Technology Funds Ltd purchased a new position in Taboola.com during the fourth quarter worth about $730,000. Squarepoint Ops LLC lifted its holdings in shares of Taboola.com by 168.1% during the 4th quarter. Squarepoint Ops LLC now owns 150,793 shares of the company’s stock worth $550,000 after acquiring an additional 94,555 shares during the last quarter. Finally, Two Sigma Advisers LP raised its holdings in shares of Taboola.com by 184.9% during the 4th quarter. Two Sigma Advisers LP now owns 355,000 shares of the company’s stock valued at $1,296,000 after buying an additional 230,400 shares in the last quarter. Institutional investors and hedge funds own 42.89% of the company’s stock.

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.