Taboola.com (NASDAQ:TBLA) Trading 3.1% Higher – What’s Next?

Taboola.com Ltd. (NASDAQ:TBLA)’s stock price traded up 3.1% during mid-day trading on Friday . The stock traded as high as $4.44 and last traded at $4.4550. 706,892 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 1,691,779 shares. The stock had previously closed at $4.32.

Analysts Set New Price Targets

TBLA has been the subject of a number of recent research reports. Rosenblatt Securities started coverage on Taboola.com in a research report on Friday, December 19th. They set a “buy” rating and a $6.00 price objective for the company. Wall Street Zen raised shares of Taboola.com from a “hold” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Taboola.com in a report on Wednesday, October 8th. Finally, BTIG Research assumed coverage on shares of Taboola.com in a research note on Tuesday, October 7th. They set a “neutral” rating on the stock. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Taboola.com has an average rating of “Moderate Buy” and an average price target of $4.80.

Taboola.com Stock Up 3.1%

The company has a debt-to-equity ratio of 0.08, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 55.69 and a beta of 1.30. The firm’s 50-day moving average is $3.86 and its 200 day moving average is $3.57.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.03). The company had revenue of $496.76 million for the quarter, compared to analysts’ expectations of $465.57 million. Taboola.com had a net margin of 1.34% and a return on equity of 8.12%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.02) earnings per share.

Insider Activity

In related news, Director Nechemia Jacob Peres sold 6,387,648 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $3.67, for a total transaction of $23,442,668.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Eldad Maniv sold 414,816 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $3.78, for a total transaction of $1,568,004.48. Following the completion of the transaction, the chief operating officer owned 10,392,460 shares in the company, valued at $39,283,498.80. The trade was a 3.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 6,812,509 shares of company stock valued at $25,048,341 over the last 90 days. 24.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Taboola.com

Several hedge funds and other institutional investors have recently bought and sold shares of TBLA. Arrowstreet Capital Limited Partnership grew its stake in shares of Taboola.com by 412.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,113,200 shares of the company’s stock valued at $11,394,000 after acquiring an additional 2,505,249 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Taboola.com by 13.1% in the 1st quarter. Acadian Asset Management LLC now owns 2,875,922 shares of the company’s stock valued at $8,476,000 after purchasing an additional 332,660 shares in the last quarter. Pallas Capital Advisors LLC acquired a new position in shares of Taboola.com in the 2nd quarter valued at approximately $41,000. LSV Asset Management purchased a new position in shares of Taboola.com during the 2nd quarter valued at approximately $345,000. Finally, Bridgeway Capital Management LLC boosted its stake in shares of Taboola.com by 15.5% during the 1st quarter. Bridgeway Capital Management LLC now owns 1,572,984 shares of the company’s stock valued at $4,640,000 after buying an additional 210,562 shares during the last quarter. 42.89% of the stock is owned by institutional investors and hedge funds.

About Taboola.com

Taboola.com (NASDAQ: TBLA) operates a leading content discovery platform that connects advertisers with premium publishers through native advertising and personalized recommendations. The company’s technology analyzes user behavior and contextual information to deliver promoted content, video, and product recommendations to audiences across a network of thousands of websites and mobile apps. By leveraging machine learning and big data, Taboola helps publishers generate incremental revenue while enabling advertisers to reach engaged users at scale.

Taboola’s suite of products includes feed placements, video recommendations, and sponsored content units designed to blend seamlessly with editorial pages.