Taboola.com (NASDAQ:TBLA) Receives Buy Rating from Needham & Company LLC

Taboola.com (NASDAQ:TBLA)‘s stock had its “buy” rating reissued by stock analysts at Needham & Company LLC in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $5.00 price target on the stock. Needham & Company LLC’s price target points to a potential upside of 50.60% from the stock’s current price.

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

Taboola.com Stock Performance

Shares of TBLA stock opened at $3.32 on Friday. The firm’s 50 day moving average price is $3.35 and its 200-day moving average price is $3.56. 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 one year low of $2.87 and a one year high of $5.00. The firm has a market cap of $967.67 million, a P/E ratio of -22.13 and a beta of 1.28.

Taboola.com (NASDAQ:TBLA) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.04. The company had revenue of $428.00 million during the quarter, compared to analysts’ expectations of $428.67 million. Taboola.com had a negative net margin of 3.07% and a negative return on equity of 1.57%. The firm’s revenue was up 28.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.05) EPS. As a group, equities research analysts predict that Taboola.com will post 0.03 EPS for the current year.

Insider Activity at Taboola.com

In related news, Director Lynda M. Clarizio sold 29,606 shares of the stock in a transaction on Thursday, August 29th. The stock was 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 of the company’s stock, valued at $635,930.38. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 22.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Taboola.com

Several large investors have recently bought and sold shares of the business. Acadian Asset Management LLC increased its holdings in Taboola.com by 181.2% in the second quarter. Acadian Asset Management LLC now owns 1,888,614 shares of the company’s stock valued at $6,489,000 after buying an additional 1,216,902 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Taboola.com by 32.3% during the second quarter. Millennium Management LLC now owns 1,339,987 shares of the company’s stock worth $4,610,000 after purchasing an additional 327,518 shares during the last quarter. Yarra Square Partners LP grew its holdings in shares of Taboola.com by 6.1% during the second quarter. Yarra Square Partners LP now owns 1,113,858 shares of the company’s stock worth $3,832,000 after purchasing an additional 64,373 shares during the last quarter. Levin Capital Strategies L.P. grew its holdings in shares of Taboola.com by 238.1% during the first quarter. Levin Capital Strategies L.P. now owns 884,104 shares of the company’s stock worth $3,925,000 after purchasing an additional 622,614 shares during the last quarter. Finally, GSA Capital Partners LLP grew its holdings in shares of Taboola.com by 11.6% during the third quarter. GSA Capital Partners LLP now owns 814,598 shares of the company’s stock worth $2,737,000 after purchasing an additional 84,382 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.