Taboola.com (NASDAQ:TBLA) Posts Earnings Results, Misses Estimates By $0.04 EPS

Taboola.com (NASDAQ:TBLA) announced its earnings results on Thursday. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04), Briefing.com reports. Taboola.com had a negative return on equity of 1.57% and a negative net margin of 3.07%. The firm had revenue of $433.10 million for the quarter, compared to analyst estimates of $429.43 million. During the same quarter last year, the business posted ($0.02) EPS. Taboola.com updated its Q4 2024 guidance to EPS and its FY 2024 guidance to EPS.

Taboola.com Price Performance

TBLA stock traded down $0.09 during mid-day trading on Friday, hitting $3.23. The stock had a trading volume of 1,035,598 shares, compared to its average volume of 1,047,482. The firm has a fifty day simple moving average of $3.35 and a 200 day simple moving average of $3.56. 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 has a 52 week low of $2.87 and a 52 week high of $5.00. The firm has a market capitalization of $941.44 million, a P/E ratio of -22.13 and a beta of 1.28.

Insider Activity

In other Taboola.com news, Director Lynda M. Clarizio sold 29,606 shares of the firm’s stock in a transaction 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 directly owns 176,158 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. 22.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on TBLA shares. Benchmark reissued a “buy” rating and issued a $5.00 price objective on shares of Taboola.com in a research report on Monday, October 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $5.00 target price on shares of Taboola.com in a research report on Friday. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $5.31.

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.