Taboola.com (NASDAQ:TBLA) Given “Buy” Rating at Benchmark

Benchmark reaffirmed their buy rating on shares of Taboola.com (NASDAQ:TBLA) in a report published on Tuesday morning, Benzinga reports. Benchmark currently has a $6.00 target price on the stock.

A number of other analysts have also commented on TBLA. B. Riley reaffirmed a buy rating and issued a $5.25 target price on shares of Taboola.com in a research report on Wednesday, April 24th. Needham & Company LLC decreased their price objective on Taboola.com from $6.00 to $5.00 and set a buy rating for the company in a report on Friday, July 5th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of Buy and an average price target of $5.59.

Taboola.com Trading Up 1.6 %

TBLA stock traded up $0.05 during mid-day trading on Tuesday, reaching $3.14. The company’s stock had a trading volume of 589,080 shares, compared to its average volume of 1,185,652. The company has a market cap of $912.90 million, a price-to-earnings ratio of -13.65 and a beta of 1.29. Taboola.com has a 12 month low of $2.87 and a 12 month high of $5.00. The business’s 50 day moving average price is $3.42 and its 200 day moving average price is $4.05. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14.

Taboola.com (NASDAQ:TBLA) last released its earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. The company had revenue of $428.00 million for the quarter, compared to the consensus estimate of $428.67 million. Taboola.com had a negative net margin of 5.04% and a negative return on equity of 2.64%. Taboola.com’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.05) EPS. On average, equities research analysts predict that Taboola.com will post 0.03 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. lifted its holdings in Taboola.com by 8.0% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 60,701 shares of the company’s stock worth $270,000 after acquiring an additional 4,478 shares during the period. Van ECK Associates Corp raised its stake in shares of Taboola.com by 8.5% during the 2nd quarter. Van ECK Associates Corp now owns 71,035 shares of the company’s stock worth $244,000 after purchasing an additional 5,535 shares during the period. Counterpoint Mutual Funds LLC boosted its holdings in shares of Taboola.com by 35.6% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 30,798 shares of the company’s stock worth $137,000 after buying an additional 8,079 shares during the last quarter. Arizona State Retirement System grew its position in Taboola.com by 22.2% during the second quarter. Arizona State Retirement System now owns 45,493 shares of the company’s stock valued at $156,000 after buying an additional 8,262 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Taboola.com by 40.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,877 shares of the company’s stock worth $154,000 after buying an additional 12,869 shares during the last quarter. 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.