Taboola.com (NASDAQ:TBLA) Stock Price Up 6.4% – Should You Buy?

Taboola.com Ltd. (NASDAQ:TBLA) shares rose 6.4% during trading on Thursday . The stock traded as high as $3.45 and last traded at $3.3850. Approximately 2,204,100 shares were traded during mid-day trading, an increase of 52% from the average daily volume of 1,452,002 shares. The stock had previously closed at $3.18.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Zacks Research upgraded Taboola.com from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Needham & Company LLC reissued a “buy” rating and issued a $4.50 price target on shares of Taboola.com in a research note on Wednesday, February 25th. Rosenblatt Securities raised their price target on Taboola.com from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Wall Street Zen cut shares of Taboola.com from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Taboola.com in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Taboola.com currently has an average rating of “Moderate Buy” and an average target price of $5.00.

Taboola.com Stock Performance

The stock has a market cap of $816.95 million, a P/E ratio of 22.00 and a beta of 1.34. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.07 and a quick ratio of 1.07. The company has a fifty day moving average of $3.81 and a 200 day moving average of $3.69.

Taboola.com (NASDAQ:TBLA) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). Taboola.com had a net margin of 2.21% and a return on equity of 11.97%. The firm had revenue of $522.31 million for the quarter, compared to analyst estimates of $537.80 million. During the same quarter last year, the business posted $0.10 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year.

Institutional Investors Weigh In On Taboola.com

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP bought a new position in shares of Taboola.com during the 3rd quarter valued at about $42,000. Headlands Technologies LLC bought a new stake in shares of Taboola.com in the 2nd quarter worth approximately $43,000. Captrust Financial Advisors bought a new stake in shares of Taboola.com in the 2nd quarter worth approximately $46,000. Abacus Wealth Partners LLC acquired a new stake in Taboola.com during the fourth quarter valued at approximately $48,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in Taboola.com during the third quarter worth approximately $54,000. 42.89% of the stock is currently owned by institutional investors.

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.