Taboola.com’s (TBLA) “Buy” Rating Reaffirmed at Needham & Company LLC

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

Separately, Benchmark reissued a “buy” rating and set a $5.00 price objective on shares of Taboola.com in a research note on Monday, October 7th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Taboola.com currently has an average rating of “Buy” and an average target price of $5.31.

Taboola.com Price Performance

TBLA opened at $3.86 on Wednesday. The company has a fifty day moving average price of $3.58 and a two-hundred day moving average price of $3.43. The firm has a market capitalization of $1.13 billion, a PE ratio of -38.60 and a beta of 1.29. Taboola.com has a 52 week low of $2.87 and a 52 week high of $5.00. 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 (NASDAQ:TBLA) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Taboola.com had a negative return on equity of 1.68% and a negative net margin of 1.96%. 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 firm earned ($0.02) earnings per share.

Insider Activity

In related news, Director Richard T. Scanlon sold 250,000 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $3.16, for a total transaction of $790,000.00. Following the completion of the transaction, the director now directly owns 70,642 shares in the company, valued at approximately $223,228.72. This trade represents a 77.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 22.40% of the company’s stock.

Hedge Funds Weigh In On Taboola.com

Several hedge funds have recently made changes to their positions in TBLA. nVerses Capital LLC boosted its holdings in Taboola.com by 74.5% during the third quarter. nVerses Capital LLC now owns 9,600 shares of the company’s stock worth $32,000 after purchasing an additional 4,100 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Taboola.com during the 2nd quarter worth about $47,000. Aigen Investment Management LP bought a new position in shares of Taboola.com in the 3rd quarter valued at about $63,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Taboola.com in the second quarter valued at about $69,000. Finally, Bailard Inc. bought a new stake in Taboola.com during the second quarter worth about $102,000. 42.89% of the stock is owned by institutional investors.

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.