Taboola.com Ltd. (NASDAQ:TBLA - Free Report) - Equities researchers at B. Riley issued their Q1 2024 earnings estimates for shares of Taboola.com in a report issued on Tuesday, April 23rd. B. Riley analyst Z. Cummins forecasts that the company will post earnings per share of ($0.09) for the quarter. B. Riley has a "Buy" rating and a $5.25 price target on the stock. The consensus estimate for Taboola.com's current full-year earnings is $0.13 per share. B. Riley also issued estimates for Taboola.com's Q2 2024 earnings at ($0.04) EPS, Q3 2024 earnings at $0.05 EPS, Q4 2024 earnings at $0.10 EPS, FY2024 earnings at $0.01 EPS and FY2025 earnings at $0.19 EPS.
Other equities analysts have also recently issued research reports about the stock. Oppenheimer lifted their price objective on shares of Taboola.com from $5.50 to $6.00 and gave the stock an "outperform" rating in a research note on Thursday, February 29th. Needham & Company LLC reaffirmed a "buy" rating and issued a $6.00 price objective on shares of Taboola.com in a research note on Thursday, March 28th. Finally, TheStreet raised shares of Taboola.com from a "d+" rating to a "c-" rating in a research report on Friday, January 19th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $5.79.
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Taboola.com Price Performance
Shares of TBLA traded up $0.03 during mid-day trading on Friday, hitting $4.23. The company's stock had a trading volume of 759,249 shares, compared to its average volume of 1,367,203. The firm has a 50-day moving average price of $4.34 and a 200 day moving average price of $4.14. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of -17.62 and a beta of 1.37. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.32 and a quick ratio of 1.32. Taboola.com has a fifty-two week low of $2.16 and a fifty-two week high of $5.00.
Taboola.com (NASDAQ:TBLA - Get Free Report) last released its earnings results on Wednesday, February 28th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.05. The firm had revenue of $419.80 million for the quarter, compared to analysts' expectations of $436.96 million. Taboola.com had a negative net margin of 5.70% and a negative return on equity of 1.85%. Taboola.com's quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter last year, the company earned $0.11 EPS.
Insider Transactions at Taboola.com
In other news, CTO Lior Golan sold 21,927 shares of Taboola.com stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $4.88, for a total value of $107,003.76. Following the transaction, the chief technology officer now directly owns 2,545,291 shares of the company's stock, valued at $12,421,020.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 55,325 shares of company stock valued at $269,318 over the last ninety days. Corporate insiders own 23.49% of the company's stock.
Institutional Trading of Taboola.com
Institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its holdings in shares of Taboola.com by 24.5% during the third quarter. Bank of New York Mellon Corp now owns 20,504 shares of the company's stock worth $78,000 after purchasing an additional 4,030 shares during the period. Counterpoint Mutual Funds LLC acquired a new stake in shares of Taboola.com during the fourth quarter worth approximately $98,000. Harbor Capital Advisors Inc. boosted its holdings in shares of Taboola.com by 10.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 28,326 shares of the company's stock worth $123,000 after purchasing an additional 2,726 shares during the period. Schnieders Capital Management LLC acquired a new stake in shares of Taboola.com during the first quarter worth approximately $163,000. Finally, Arizona State Retirement System acquired a new stake in shares of Taboola.com during the fourth quarter worth approximately $164,000. 42.89% of the stock is currently owned by institutional investors and hedge funds.
Taboola.com Company Profile
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Taboola.com Ltd., together with its subsidiaries, operates an artificial intelligence-based algorithmic engine platform in Israel, the United States, the United Kingdom, Germany, and internationally. It offers Taboola, a platform that partners with websites, devices, and mobile apps to recommend editorial content and advertisements on the open web to users.
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