Taboola.com (NASDAQ:TBLA) Rating Increased to Strong-Buy at Wall Street Zen

Taboola.com (NASDAQ:TBLA - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Saturday.

Several other brokerages have also recently weighed in on TBLA. Zacks Research cut shares of Taboola.com from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 27th. Needham & Company LLC lifted their price objective on shares of Taboola.com from $4.50 to $5.50 and gave the stock a "buy" rating in a research note on Thursday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Taboola.com in a research note on Tuesday, April 21st. Benchmark lifted their price objective on shares of Taboola.com from $4.50 to $6.50 and gave the stock a "buy" rating in a research note on Thursday. Finally, Rosenblatt Securities lifted their price objective on shares of Taboola.com from $6.00 to $7.00 and gave the stock a "buy" rating in a research note on Thursday, February 26th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $5.88.

Taboola.com Trading Up 0.8%

Shares of TBLA opened at $5.25 on Friday. The company's fifty day moving average is $3.41 and its 200 day moving average is $3.73. Taboola.com has a fifty-two week low of $2.84 and a fifty-two week high of $5.26. The stock has a market capitalization of $1.28 billion, a PE ratio of 13.82 and a beta of 1.43. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.07 and a current ratio of 1.13.

Taboola.com (NASDAQ:TBLA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.21. Taboola.com had a net margin of 5.64% and a return on equity of 10.72%. The company had revenue of $466.40 million for the quarter, compared to analysts' expectations of $453.30 million. During the same quarter in the previous year, the business posted ($0.03) earnings per share. Taboola.com's quarterly revenue was up 9.1% on a year-over-year basis. Sell-side analysts expect that Taboola.com will post 0.34 earnings per share for the current fiscal year.

Institutional Trading of Taboola.com

Several institutional investors and hedge funds have recently made changes to their positions in the company. LSV Asset Management raised its holdings in shares of Taboola.com by 31.5% in the fourth quarter. LSV Asset Management now owns 2,608,389 shares of the company's stock valued at $12,025,000 after acquiring an additional 624,831 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of Taboola.com by 6.9% in the third quarter. Bridgeway Capital Management LLC now owns 2,289,068 shares of the company's stock valued at $7,806,000 after acquiring an additional 147,920 shares in the last quarter. Bank of America Corp DE raised its holdings in Taboola.com by 8.2% in the third quarter. Bank of America Corp DE now owns 2,149,621 shares of the company's stock worth $7,330,000 after purchasing an additional 163,605 shares in the last quarter. Two Sigma Investments LP raised its holdings in Taboola.com by 114.6% in the third quarter. Two Sigma Investments LP now owns 2,005,558 shares of the company's stock worth $6,839,000 after purchasing an additional 1,070,864 shares in the last quarter. Finally, Globeflex Capital L P raised its holdings in Taboola.com by 65.0% in the fourth quarter. Globeflex Capital L P now owns 1,638,910 shares of the company's stock worth $7,555,000 after purchasing an additional 645,755 shares in the last quarter. 42.89% of the stock is currently owned by institutional investors.

About Taboola.com

Taboola.com NASDAQ: TBLA operates a leading content discovery platform that connects advertisers with premium publishers through native advertising and personalized recommendations. The company’s technology analyzes user behavior and contextual information to deliver promoted content, video, and product recommendations to audiences across a network of thousands of websites and mobile apps. By leveraging machine learning and big data, Taboola helps publishers generate incremental revenue while enabling advertisers to reach engaged users at scale.

Taboola’s suite of products includes feed placements, video recommendations, and sponsored content units designed to blend seamlessly with editorial pages.

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