JMP Securities Lowers Taboola.com (NASDAQ:TBLA) Price Target to $5.00

Taboola.com (NASDAQ:TBLA) had its price target cut by JMP Securities from $6.00 to $5.00 in a research note published on Monday,Benzinga reports. They currently have a market outperform rating on the stock.

Other research analysts have also recently issued reports about the stock. Needham & Company LLC restated a “buy” rating and issued a $5.00 price objective on shares of Taboola.com in a research report on Friday, January 17th. Benchmark reissued a “buy” rating and set a $5.00 price objective on shares of Taboola.com in a report on Monday, October 7th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $5.25.

Taboola.com Trading Up 3.8 %

Shares of TBLA opened at $3.81 on Monday. Taboola.com has a twelve month low of $2.87 and a twelve month high of $5.00. The stock has a market cap of $1.11 billion, a PE ratio of -38.10 and a beta of 1.26. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The business’s 50-day moving average price is $3.75 and its 200-day moving average price is $3.47.

Taboola.com (NASDAQ:TBLA) last released its quarterly 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 firm had revenue of $433.10 million for the quarter, compared to analysts’ expectations of $429.43 million. During the same quarter last year, the firm earned ($0.02) earnings per share.

Insiders Place Their Bets

In other news, Director Richard T. Scanlon sold 250,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $3.16, for a total value of $790,000.00. Following the transaction, the director now owns 70,642 shares in the company, valued at approximately $223,228.72. This trade represents a 77.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 22.40% of the company’s stock.

Hedge Funds Weigh In On Taboola.com

Several hedge funds and other institutional investors have recently modified their holdings of the company. nVerses Capital LLC increased its holdings in Taboola.com by 74.5% during the 3rd quarter. nVerses Capital LLC now owns 9,600 shares of the company’s stock valued at $32,000 after purchasing an additional 4,100 shares during the period. Harbor Capital Advisors Inc. raised its holdings in shares of Taboola.com by 22.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 33,051 shares of the company’s stock valued at $121,000 after acquiring an additional 6,094 shares in the last quarter. Meitav Investment House Ltd. boosted its holdings in Taboola.com by 11.3% in the third quarter. Meitav Investment House Ltd. now owns 69,000 shares of the company’s stock valued at $242,000 after acquiring an additional 7,000 shares in the last quarter. Tidal Investments LLC raised its holdings in Taboola.com by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 183,856 shares of the company’s stock worth $618,000 after purchasing an additional 8,127 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Taboola.com during the 2nd quarter valued at about $47,000. 42.89% of the stock is owned by institutional investors.

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.