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

Taboola.com (NASDAQ:TBLA)‘s stock had its “buy” rating reiterated by investment analysts at Needham & Company LLC in a report released on Tuesday, Benzinga reports. They presently have a $5.00 price objective on the stock. Needham & Company LLC’s price objective would indicate a potential upside of 55.76% from the stock’s current price.

Separately, Benchmark reaffirmed a “buy” rating and issued a $6.00 target price on shares of Taboola.com in a research note on Tuesday, August 6th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Taboola.com currently has an average rating of “Buy” and an average price target of $5.56.

Taboola.com Stock Up 0.6 %

Shares of NASDAQ TBLA opened at $3.21 on Tuesday. Taboola.com has a 12 month low of $2.87 and a 12 month high of $5.00. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $933.26 million, a price-to-earnings ratio of -13.96 and a beta of 1.29. The business has a 50-day moving average of $3.29 and a 200-day moving average of $3.74.

Taboola.com (NASDAQ:TBLA) last issued its quarterly earnings data 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 return on equity of 1.57% and a negative net margin of 3.07%. The company had revenue of $428.00 million during the quarter, compared to analyst estimates of $428.67 million. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. Taboola.com’s revenue was up 28.9% on a year-over-year basis. Sell-side analysts expect that Taboola.com will post 0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Lynda M. Clarizio sold 29,606 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $3.61, for a total transaction of $106,877.66. Following the completion of the sale, the director now owns 176,158 shares of the company’s stock, valued at $635,930.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 22.40% of the stock is owned by insiders.

Institutional Trading of Taboola.com

A number of institutional investors have recently made changes to their positions in TBLA. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Taboola.com by 8.0% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 60,701 shares of the company’s stock valued at $270,000 after acquiring an additional 4,478 shares in the last quarter. Van ECK Associates Corp raised its holdings in Taboola.com by 8.5% in the second 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 in the last quarter. Counterpoint Mutual Funds LLC raised its holdings in Taboola.com by 35.6% in the first quarter. Counterpoint Mutual Funds LLC now owns 30,798 shares of the company’s stock worth $137,000 after purchasing an additional 8,079 shares in the last quarter. Arizona State Retirement System raised its holdings in Taboola.com by 22.2% in the second quarter. Arizona State Retirement System now owns 45,493 shares of the company’s stock worth $156,000 after purchasing an additional 8,262 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Taboola.com by 40.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,877 shares of the company’s stock worth $154,000 after acquiring 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.