Taboola.com’s (TBLA) Buy Rating Reaffirmed at Benchmark

Taboola.com (NASDAQ:TBLA)‘s stock had its “buy” rating restated by Benchmark in a research report issued on Monday, Benzinga reports. They presently have a $6.00 target price on the stock. Benchmark’s price target indicates a potential upside of 35.44% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $6.00 price target on shares of Taboola.com in a research report on Thursday, March 28th. Oppenheimer raised their price target on Taboola.com from $5.50 to $6.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. B. Riley reissued a “buy” rating and set a $5.25 target price on shares of Taboola.com in a research note on Wednesday, April 24th. Finally, TheStreet upgraded shares of Taboola.com from a “d+” rating to a “c-” rating in a report on Friday, January 19th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $5.79.

Taboola.com Stock Up 0.7 %

Shares of NASDAQ TBLA opened at $4.43 on Monday. Taboola.com has a 1 year low of $2.16 and a 1 year high of $5.00. The firm’s 50-day moving average is $4.30 and its 200-day moving average is $4.16. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $1.31 billion, a PE ratio of -18.46 and a beta of 1.35.

Taboola.com (NASDAQ:TBLA) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. The business had revenue of $419.80 million during the quarter, compared to the consensus estimate of $436.96 million. Taboola.com had a negative return on equity of 1.85% and a negative net margin of 5.70%. The firm’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.11 earnings per share. Equities analysts expect that Taboola.com will post 0.04 EPS for the current year.

Insider Buying and Selling

In other Taboola.com news, CTO Lior Golan sold 10,187 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $4.86, for a total transaction of $49,508.82. Following the sale, the chief technology officer now directly owns 2,545,291 shares of the company’s stock, valued at approximately $12,370,114.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 22.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC increased its stake in shares of Taboola.com by 32.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 211,045 shares of the company’s stock valued at $800,000 after acquiring an additional 51,336 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Taboola.com by 24.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 20,504 shares of the company’s stock worth $78,000 after buying an additional 4,030 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Taboola.com in the 3rd quarter worth approximately $145,000. Y.D. More Investments Ltd bought a new position in shares of Taboola.com in the third quarter valued at approximately $1,140,000. Finally, Van ECK Associates Corp grew its holdings in shares of Taboola.com by 6.8% in the third quarter. Van ECK Associates Corp now owns 69,769 shares of the company’s stock valued at $264,000 after acquiring an additional 4,438 shares in the last quarter. 42.89% of the stock is owned by institutional investors and hedge funds.

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.