Taboola.com (TBLA) to Release Quarterly Earnings on Wednesday

Taboola.com (NASDAQ:TBLA - Get Free Report) will post its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect Taboola.com to post earnings of ($0.08) per share for the quarter. Taboola.com has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Individual interested in participating in the company's earnings conference call can do so using this link.

Taboola.com (NASDAQ:TBLA - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.05. The company had revenue of $419.80 million during 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%. The business's quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 earnings per share. On average, analysts expect Taboola.com to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Taboola.com Stock Up 1.9 %

Shares of Taboola.com stock traded up $0.08 on Wednesday, hitting $4.28. The company had a trading volume of 791,025 shares, compared to its average volume of 1,340,736. The firm has a market capitalization of $1.26 billion, a P/E ratio of -17.83 and a beta of 1.37. Taboola.com has a twelve month low of $2.16 and a twelve month high of $5.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a 50-day moving average of $4.32 and a 200-day moving average of $4.15.

Insiders Place Their Bets

In other Taboola.com news, CTO Lior Golan sold 10,187 shares of the company's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $4.86, for a total transaction of $49,508.82. Following the sale, the chief technology officer now directly owns 2,545,291 shares of the company's stock, valued at $12,370,114.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 23.49% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Oppenheimer increased their target price on shares of Taboola.com from $5.50 to $6.00 and gave the stock an "outperform" rating in a report on Thursday, February 29th. TheStreet upgraded shares of Taboola.com from a "d+" rating to a "c-" rating in a report on Friday, January 19th. B. Riley restated a "buy" rating and set a $5.25 target price on shares of Taboola.com in a report on Wednesday, April 24th. Finally, Needham & Company LLC restated a "buy" rating and set a $6.00 target price on shares of Taboola.com in a report on Thursday, March 28th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $5.79.

About Taboola.com

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.