Taboola.com (NASDAQ:TBLA - Free Report ) in a report released on Wednesday morning, Benzinga reports. The brokerage currently has a $6.00 price target on the stock.
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Several other equities research analysts also recently commented on the stock. Benchmark reissued a buy rating and set a $6.00 target price on shares of Taboola.com in a research report on Monday. Oppenheimer raised their target price on Taboola.com from $5.50 to $6.00 and gave the company an outperform rating in a report on Thursday, February 29th. TheStreet upgraded Taboola.com from a d+ rating to a c- rating in a report on Friday, January 19th. Finally, B. Riley restated a buy rating and set a $5.25 price objective on shares of Taboola.com in a research note on Wednesday, April 24th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of Buy and a consensus target price of $5.79.
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Taboola.com Stock Up 0.2 % TBLA stock traded up $0.01 during trading on Wednesday, reaching $4.54. 2,845,120 shares of the stock were exchanged, compared to its average volume of 1,345,372. The firm's 50 day moving average is $4.29 and its 200 day moving average is $4.18. The firm has a market cap of $1.34 billion, a P/E ratio of -18.42 and a beta of 1.35. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. Taboola.com has a twelve month low of $2.27 and a twelve month high of $5.00.
Taboola.com (NASDAQ:TBLA - Get Free Report ) last issued its earnings results on Wednesday, February 28th. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.04) by $0.05. Taboola.com had a negative return on equity of 1.85% and a negative net margin of 5.70%. The company had revenue of $419.80 million for the quarter, compared to analyst estimates of $436.96 million. During the same period in the prior year, the firm earned $0.11 earnings per share. Taboola.com's revenue for the quarter was up 13.1% on a year-over-year basis. As a group, research analysts forecast that Taboola.com will post 0.04 EPS for the current year.
Insider Buying and Selling at Taboola.com In other news, CTO Lior Golan sold 10,187 shares of Taboola.com stock in a transaction on Monday, February 12th. The stock was 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 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 the SEC website . Corporate insiders own 22.40% of the company's stock.
Institutional Investors Weigh In On Taboola.com Hedge funds have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. increased its position in Taboola.com by 20.9% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,043,235 shares of the company's stock worth $17,507,000 after buying an additional 700,000 shares during the last quarter. Citigroup Inc. raised its stake in Taboola.com by 8.0% in the 3rd quarter. Citigroup Inc. now owns 123,134 shares of the company's stock valued at $467,000 after acquiring an additional 9,138 shares during the period. Wellington Management Group LLP lifted its holdings in Taboola.com by 0.7% during the third quarter. Wellington Management Group LLP now owns 12,908,230 shares of the company's stock valued at $48,922,000 after purchasing an additional 85,371 shares during the last quarter. Arizona State Retirement System bought a new position in Taboola.com during the fourth quarter worth about $164,000. Finally, Y.D. More Investments Ltd bought a new position in Taboola.com during the third quarter worth about $1,140,000. Institutional investors own 42.89% of the company's stock.
About Taboola.com (
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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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