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

Taboola.com Ltd. (NASDAQ:TBLA) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $5.90.

TBLA has been the topic of several recent research reports. Rosenblatt Securities upped their price objective on Taboola.com from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. TD Cowen upped their price objective on Taboola.com from $4.00 to $6.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Needham & Company LLC upped their price objective on Taboola.com from $4.50 to $5.50 and gave the company a “buy” rating in a research report on Thursday, May 7th. Benchmark upped their price objective on Taboola.com from $4.50 to $6.50 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen upgraded Taboola.com from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th.

Taboola.com Stock Up 5.2%

TBLA opened at $4.67 on Wednesday. The business’s fifty day moving average is $4.52 and its two-hundred day moving average is $3.98. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 12.29 and a beta of 1.51. Taboola.com has a one year low of $2.84 and a one year high of $5.26.

Taboola.com (NASDAQ:TBLA) last posted its earnings results on Wednesday, May 6th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.21. The company had revenue of $466.40 million for the quarter, compared to the consensus estimate of $453.30 million. Taboola.com had a return on equity of 10.72% and a net margin of 5.64%.Taboola.com’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.03) earnings per share. Analysts anticipate that Taboola.com will post 0.41 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was 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 directly owned 18,039,644 shares in the company, 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 document filed with the SEC, 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 have recently added to or reduced their stakes in TBLA. Quarry LP acquired a new position in Taboola.com in the third quarter valued at $42,000. Headlands Technologies LLC acquired a new position in Taboola.com in the second quarter valued at $43,000. Captrust Financial Advisors acquired a new position in Taboola.com in the second quarter valued at $46,000. Abacus Wealth Partners LLC acquired a new position in Taboola.com in the fourth quarter valued at $48,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Taboola.com during the third quarter worth about $54,000. 42.89% of the stock is currently 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.