Taboola.com (NASDAQ:TBLA) Rating Reiterated by Benchmark

Benchmark reissued their buy rating on shares of Taboola.com (NASDAQ:TBLA - Free Report) in a research report report published on Monday morning, Benzinga reports. They currently have a $6.00 price objective on the stock.

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

Taboola.com Price Performance

NASDAQ:TBLA traded up $0.10 during trading hours on Monday, hitting $4.53. The stock had a trading volume of 835,606 shares, compared to its average volume of 1,321,619. 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 one year low of $2.27 and a one year high of $5.00. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of -18.88 and a beta of 1.35. The company has a 50 day simple moving average of $4.30 and a two-hundred day simple moving average of $4.16.

Taboola.com (NASDAQ:TBLA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.04) by $0.05. The firm had revenue of $419.80 million during the quarter, compared to the consensus estimate of $436.96 million. Taboola.com had a negative return on equity of 1.85% and a negative net margin of 5.70%. The company's revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter last year, the company posted $0.11 EPS. Research analysts forecast that Taboola.com will post 0.04 earnings per share for the current fiscal year.

Insider Transactions at Taboola.com

In related 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 completion of the sale, the chief technology officer now directly owns 2,545,291 shares in the company, valued at approximately $12,370,114.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 23.49% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. AlpInvest Partners B.V. bought a new stake in shares of Taboola.com in the 1st quarter worth approximately $271,000. Commonwealth Equity Services LLC boosted its holdings in Taboola.com by 20.5% in the first quarter. Commonwealth Equity Services LLC now owns 258,500 shares of the company's stock valued at $1,148,000 after acquiring an additional 43,936 shares in the last quarter. Checchi Capital Advisers LLC boosted its holdings in Taboola.com by 38.5% in the first quarter. Checchi Capital Advisers LLC now owns 1,069,944 shares of the company's stock valued at $4,751,000 after acquiring an additional 297,411 shares in the last quarter. Schnieders Capital Management LLC purchased a new position in Taboola.com during the 1st quarter valued at $163,000. Finally, Saxon Interests Inc. bought a new position in Taboola.com in the 1st quarter worth $179,000. Hedge funds and other institutional investors own 42.89% of the company's stock.

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.