Taboola.com’s (TBLA) Buy Rating Reiterated at Needham & Company LLC

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

Separately, Benchmark reiterated a “buy” rating and issued a $5.00 price objective on shares of Taboola.com in a research report 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 a consensus target price of $5.31.

Taboola.com Stock Performance

TBLA traded down $0.08 during trading on Friday, hitting $3.24. The stock had a trading volume of 1,111,758 shares, compared to its average volume of 714,802. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.31. Taboola.com has a twelve month low of $2.87 and a twelve month high of $5.00. The firm has a market capitalization of $944.36 million, a P/E ratio of -21.60 and a beta of 1.28. The company’s 50-day moving average price is $3.35 and its 200 day moving average price is $3.55.

Taboola.com (NASDAQ:TBLA) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Taboola.com had a negative return on equity of 1.57% and a negative net margin of 3.07%. The company had revenue of $433.10 million for the quarter, compared to analyst estimates of $429.43 million. During the same period last year, the company earned ($0.02) earnings per share. On average, equities research analysts forecast that Taboola.com will post 0.03 EPS for the current fiscal year.

Insider Activity at Taboola.com

In related news, Director Lynda M. Clarizio sold 29,606 shares of the firm’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 transaction, the director now owns 176,158 shares in the company, valued at approximately $635,930.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 22.40% of the stock is currently owned by insiders.

Institutional Trading of Taboola.com

A number of hedge funds have recently made changes to their positions in TBLA. nVerses Capital LLC raised its stake in shares of Taboola.com by 74.5% during the third 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. Point72 Asset Management L.P. bought a new stake in shares of Taboola.com in the second quarter worth $47,000. Bayesian Capital Management LP bought a new stake in shares of Taboola.com in the first quarter worth $61,000. Aigen Investment Management LP bought a new stake in shares of Taboola.com in the third quarter worth $63,000. Finally, EverSource Wealth Advisors LLC bought a new stake in shares of Taboola.com in the second quarter worth $69,000. Hedge funds and other institutional investors own 42.89% of the company’s stock.

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.