Taboola.com (NASDAQ:TBLA) Stock Rating Reaffirmed by B. Riley

B. Riley reiterated their buy rating on shares of Taboola.com (NASDAQ:TBLA) in a research note issued to investors on Wednesday, Marketbeat reports. The firm currently has a $5.25 price target on the stock. B. Riley also issued estimates for Taboola.com’s Q1 2024 earnings at ($0.09) EPS, Q2 2024 earnings at ($0.04) EPS, Q3 2024 earnings at $0.05 EPS, Q4 2024 earnings at $0.10 EPS, FY2024 earnings at $0.01 EPS and FY2025 earnings at $0.19 EPS.

Several other research firms have also weighed in on TBLA. TheStreet upgraded Taboola.com from a d+ rating to a c- rating in a research report on Friday, January 19th. Needham & Company LLC reissued a buy rating and set a $6.00 price objective on shares of Taboola.com in a research report on Thursday, March 28th. Finally, Oppenheimer upped their target price on shares of Taboola.com from $5.50 to $6.00 and gave the stock an outperform rating in a research report on Thursday, February 29th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of Buy and an average price target of $5.79.

Taboola.com Stock Up 0.7 %

Shares of Taboola.com stock opened at $4.23 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. Taboola.com has a 12-month low of $2.16 and a 12-month high of $5.00. The company has a market cap of $1.25 billion, a P/E ratio of -17.63 and a beta of 1.37. The company’s fifty day simple moving average is $4.34 and its two-hundred day simple moving average is $4.14.

Taboola.com (NASDAQ:TBLA) last announced its earnings results on Wednesday, February 28th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. Taboola.com had a negative net margin of 5.70% and a negative return on equity of 1.85%. The firm had revenue of $419.80 million for the quarter, compared to analyst estimates of $436.96 million. During the same quarter in the previous year, the firm posted $0.11 EPS. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. Research analysts anticipate that Taboola.com will post 0.04 EPS for the current year.

Insider Buying and Selling

In other Taboola.com news, CTO Lior Golan sold 23,211 shares of Taboola.com stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $4.86, for a total transaction of $112,805.46. Following the completion of the transaction, the chief technology officer now owns 2,545,291 shares in the company, valued at $12,370,114.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 55,325 shares of company stock worth $269,318 in the last 90 days. Insiders own 23.49% of the company’s stock.

Institutional Trading of Taboola.com

Several institutional investors have recently bought and sold shares of TBLA. Harbor Capital Advisors Inc. raised its holdings in Taboola.com by 10.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 28,326 shares of the company’s stock worth $123,000 after buying an additional 2,726 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Taboola.com by 24.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 20,504 shares of the company’s stock valued at $78,000 after acquiring an additional 4,030 shares in the last quarter. Van ECK Associates Corp boosted its stake in Taboola.com by 6.8% during the 3rd quarter. Van ECK Associates Corp now owns 69,769 shares of the company’s stock valued at $264,000 after purchasing an additional 4,438 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Taboola.com by 8.0% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 60,701 shares of the company’s stock worth $270,000 after purchasing an additional 4,478 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC raised its stake in shares of 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 during the last quarter. 42.89% of the stock is owned by hedge funds and other institutional investors.

About Taboola.com

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.