Analysts Set Taboola.com Ltd. (NASDAQ:TBLA) Target Price at $5.90

Shares of Taboola.com Ltd. (NASDAQ:TBLA) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $5.90.

A number of research analysts recently issued reports on TBLA shares. Benchmark lifted their price objective on shares of Taboola.com from $4.50 to $6.50 and gave the company a “buy” rating in a research note on Thursday, May 7th. TD Cowen upped their target price on Taboola.com from $4.00 to $6.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Zacks Research downgraded Taboola.com from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Wall Street Zen upgraded Taboola.com from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Taboola.com in a report on Tuesday, April 21st.

Insider Buying and Selling

In other news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $4.40, for a total value of $52,800,000.00. Following the completion of the transaction, the insider owned 18,039,644 shares of the company’s stock, valued at approximately $79,374,433.60. This represents a 39.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 20.60% of the company’s stock.

Hedge Funds Weigh In On Taboola.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quarry LP bought a new stake in shares of Taboola.com during the third quarter worth $42,000. Headlands Technologies LLC bought a new position in shares of Taboola.com in the 2nd quarter valued at $43,000. Captrust Financial Advisors bought a new position in shares of Taboola.com in the 2nd quarter valued at $46,000. Abacus Wealth Partners LLC acquired a new stake in shares of Taboola.com during the 4th quarter valued at $48,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Taboola.com during the 3rd quarter valued at $54,000. Institutional investors own 42.89% of the company’s stock.

Taboola.com Trading Down 2.4%

TBLA opened at $5.28 on Friday. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 13.89 and a beta of 1.50. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.07. Taboola.com has a twelve month low of $2.84 and a twelve month high of $5.71. The company has a 50-day simple moving average of $4.98 and a 200 day simple moving average of $4.13.

Taboola.com (NASDAQ:TBLA) last released its earnings results on Wednesday, May 6th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.21. Taboola.com had a net margin of 5.64% and a return on equity of 10.72%. The firm had revenue of $466.39 million for the quarter, compared to analyst estimates of $453.30 million. During the same period last year, the firm earned ($0.03) EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. Analysts predict that Taboola.com will post 0.41 EPS for the current fiscal year.

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.