Taboola.com Ltd. (NASDAQ:TBLA) Receives $5.00 Consensus Target Price from Analysts

Shares of Taboola.com Ltd. (NASDAQ:TBLA) have received an average recommendation of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $5.00.

TBLA has been the subject of several recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Taboola.com in a report on Thursday, January 22nd. Wall Street Zen cut Taboola.com from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 28th. Rosenblatt Securities raised their target price on Taboola.com from $6.00 to $7.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Zacks Research upgraded shares of Taboola.com from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $4.50 price target on shares of Taboola.com in a research note on Wednesday, February 25th.

Taboola.com Stock Performance

Shares of Taboola.com stock opened at $3.22 on Friday. The firm has a market cap of $797.14 million, a price-to-earnings ratio of 21.47 and a beta of 1.34. Taboola.com has a 52-week low of $2.50 and a 52-week high of $4.65. The company’s 50-day simple moving average is $3.35 and its 200-day simple moving average is $3.67. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.11.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $537.80 million. During the same quarter in the previous year, the business earned $0.10 EPS. Taboola.com’s revenue for the quarter was up 6.4% on a year-over-year basis.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership boosted its stake in shares of Taboola.com by 412.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,113,200 shares of the company’s stock worth $11,394,000 after acquiring an additional 2,505,249 shares in the last quarter. LSV Asset Management increased its stake in Taboola.com by 2,001.4% in the 3rd quarter. LSV Asset Management now owns 1,983,558 shares of the company’s stock valued at $6,764,000 after purchasing an additional 1,889,168 shares in the last quarter. AlpInvest Partners B.V. acquired a new position in Taboola.com during the third quarter worth $1,028,000. Globeflex Capital L P raised its holdings in Taboola.com by 67.7% during the second quarter. Globeflex Capital L P now owns 881,589 shares of the company’s stock worth $3,227,000 after purchasing an additional 355,944 shares during the last quarter. Finally, Allianz Asset Management GmbH purchased a new stake in Taboola.com during the third quarter worth $340,000. 42.89% of the stock is owned by hedge funds and other institutional investors.

Taboola.com Company Profile

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.