Taboola.com (NASDAQ:TBLA) Rating Reiterated by Needham & Company LLC

Taboola.com (NASDAQ:TBLA)‘s stock had its “buy” rating reissued by equities research analysts at Needham & Company LLC in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $5.00 price objective on the stock. Needham & Company LLC’s price target would suggest a potential upside of 37.74% from the company’s current price.

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

Taboola.com Stock Up 9.7 %

Shares of NASDAQ:TBLA opened at $3.63 on Wednesday. Taboola.com has a one year low of $2.87 and a one year high of $5.00. The company has a 50 day moving average of $3.28 and a 200-day moving average of $3.63. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -15.78 and a beta of 1.29.

Taboola.com (NASDAQ:TBLA) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.04. Taboola.com had a negative net margin of 3.07% and a negative return on equity of 1.57%. The company had revenue of $428.00 million during the quarter, compared to analysts’ expectations of $428.67 million. During the same quarter in the previous year, the company earned ($0.05) EPS. Taboola.com’s revenue was up 28.9% on a year-over-year basis. On average, sell-side analysts forecast that Taboola.com will post 0.03 earnings per share for the current year.

Insider Buying and Selling at Taboola.com

In other Taboola.com news, Director Lynda M. Clarizio sold 29,606 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $3.61, for a total value of $106,877.66. Following the completion of the sale, the director now owns 176,158 shares of the company’s stock, valued at approximately $635,930.38. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 22.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bayesian Capital Management LP acquired a new position in shares of Taboola.com in the first quarter valued at approximately $61,000. Point72 Asset Management L.P. acquired a new position in shares of Taboola.com in the second quarter valued at approximately $47,000. EverSource Wealth Advisors LLC acquired a new position in shares of Taboola.com in the second quarter valued at approximately $69,000. Bailard Inc. acquired a new position in shares of Taboola.com in the second quarter valued at approximately $102,000. Finally, XTX Topco Ltd boosted its holdings in shares of Taboola.com by 104.3% in the second quarter. XTX Topco Ltd now owns 30,170 shares of the company’s stock valued at $104,000 after buying an additional 15,401 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.