Taboola.com (NASDAQ:TBLA) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Taboola.com (NASDAQ:TBLA) in a research report sent to investors on Friday morning,Benzinga reports. They currently have a $5.00 price objective on the stock.

Separately, Benchmark reiterated a “buy” rating and set a $5.00 target price on shares of Taboola.com in a research note on Monday, October 7th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $5.31.

Taboola.com Trading Up 0.8 %

NASDAQ:TBLA opened at $3.58 on Friday. 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 has a 52-week low of $2.87 and a 52-week high of $5.00. The stock’s 50 day moving average price is $3.68 and its 200 day moving average price is $3.46. The company has a market capitalization of $1.05 billion, a PE ratio of -35.80 and a beta of 1.26.

Taboola.com (NASDAQ:TBLA) last announced its earnings results on Thursday, November 7th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Taboola.com had a negative net margin of 1.96% and a negative return on equity of 1.68%. The business had revenue of $433.10 million during the quarter, compared to analyst estimates of $429.43 million. During the same period in the previous year, the firm earned ($0.02) earnings per share.

Insider Activity at Taboola.com

In related news, Director Richard T. Scanlon sold 250,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $3.16, for a total transaction of $790,000.00. Following the completion of the transaction, the director now directly owns 70,642 shares of the company’s stock, valued at $223,228.72. This represents a 77.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 22.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Taboola.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. lifted its holdings in shares of Taboola.com by 22.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 33,051 shares of the company’s stock valued at $121,000 after buying an additional 6,094 shares during the period. JPMorgan Chase & Co. raised 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. Tidal Investments LLC lifted its holdings in Taboola.com by 4.6% in the third quarter. Tidal Investments LLC now owns 183,856 shares of the company’s stock valued at $618,000 after acquiring an additional 8,127 shares during the period. Barclays PLC boosted its position in shares of Taboola.com by 1,218.5% during the 3rd quarter. Barclays PLC now owns 36,431 shares of the company’s stock worth $122,000 after purchasing an additional 33,668 shares in the last quarter. Finally, XTX Topco Ltd grew its stake in shares of Taboola.com by 99.6% during the 3rd quarter. XTX Topco Ltd now owns 60,229 shares of the company’s stock worth $202,000 after purchasing an additional 30,059 shares during the period. 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.