Taboola.com Ltd. (NASDAQ:TBLA) Given Consensus Recommendation of "Buy" by Brokerages

Taboola.com Ltd. (NASDAQ:TBLA - Get Free Report) has received a consensus recommendation of "Buy" from the five brokerages that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $5.79.

A number of equities analysts have weighed in on the company. Oppenheimer boosted their target price on Taboola.com from $5.50 to $6.00 and gave the stock an "outperform" rating in a research report 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 report on Wednesday, May 8th. TheStreet raised Taboola.com from a "d+" rating to a "c-" rating in a report on Friday, January 19th. B. Riley reissued a "buy" rating and issued a $5.25 target price on shares of Taboola.com in a research report on Wednesday, April 24th. Finally, Benchmark reaffirmed a "buy" rating and set a $6.00 price target on shares of Taboola.com in a research report on Monday, May 6th.

Institutional Trading of Taboola.com

Several institutional investors and hedge funds have recently modified their holdings of the company. Bayesian Capital Management LP purchased a new stake in Taboola.com in the 1st quarter worth $61,000. Bank of New York Mellon Corp boosted its stake in Taboola.com by 24.5% in the 3rd 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 purchased a new stake in Taboola.com during the 4th quarter valued at approximately $98,000. Harbor Capital Advisors Inc. increased its holdings in Taboola.com by 10.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 28,326 shares of the company's stock valued at $123,000 after acquiring an additional 2,726 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in Taboola.com in the 3rd quarter worth $145,000. 42.89% of the stock is currently owned by institutional investors.

Taboola.com Price Performance

NASDAQ:TBLA remained flat at $4.34 during mid-day trading on Thursday. 1,425,609 shares of the company traded hands, compared to its average volume of 1,336,253. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.31. The company has a 50 day moving average price of $4.29 and a two-hundred day moving average price of $4.21. Taboola.com has a 1-year low of $2.58 and a 1-year high of $5.00. The stock has a market cap of $1.26 billion, a P/E ratio of -18.87 and a beta of 1.35.

Taboola.com (NASDAQ:TBLA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.05. The company had revenue of $419.80 million for the quarter, compared to the consensus estimate of $436.96 million. Taboola.com had a negative net margin of 5.04% and a negative return on equity of 2.64%. Taboola.com's revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 EPS. On average, equities analysts forecast that Taboola.com will post 0.04 EPS for the current fiscal year.

Taboola.com Company Profile

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.