Taboola.com (NASDAQ:TBLA) Rating Increased to Strong-Buy at Zacks Research

Key Points

• Zacks Research upgraded Taboola.com (NASDAQ:TBLA) from a "hold" to a "strong-buy"; MarketBeat shows a consensus of "Moderate Buy" with an average analyst target of $5.00 (1 Strong Buy, 4 Buy, 2 Hold).
• Taboola's latest quarter missed estimates, reporting $0.17 EPS vs. $0.18 expected and $522.31M revenue vs. $537.80M expected, though revenue was up 6.4% year‑over‑year.
• The stock opened at $3.18 and was up about 5% on the news, with a market cap of ~$787M and a PE of 21.2; institutional investors own roughly 42.9% of the company, with several funds increasing positions recently.

Taboola.com (NASDAQ:TBLA - Get Free Report) was upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently commented on the company. Weiss Ratings reissued a "hold (c)" rating on shares of Taboola.com in a research note on Thursday, January 22nd. Rosenblatt Securities lifted their price target on shares of Taboola.com from $6.00 to $7.00 and gave the company a "buy" rating in a research report on Thursday, February 26th. Needham & Company LLC restated a "buy" rating and set a $4.50 price objective on shares of Taboola.com in a report on Wednesday, February 25th. Finally, Wall Street Zen cut shares of Taboola.com from a "strong-buy" rating to a "buy" rating in a report on Saturday, February 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, Taboola.com presently has a consensus rating of "Moderate Buy" and an average target price of $5.00.

Taboola.com Stock Up 5.0%

Taboola.com stock opened at $3.18 on Tuesday. The company has a market capitalization of $787.24 million, a PE ratio of 21.20 and a beta of 1.34. Taboola.com has a 12-month low of $2.50 and a 12-month high of $4.65. The firm's fifty day moving average is $3.86 and its 200 day moving average is $3.70. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.11.

Taboola.com (NASDAQ:TBLA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.01). Taboola.com had a return on equity of 11.97% and a net margin of 2.21%.The company had revenue of $522.31 million during the quarter, compared to analyst estimates of $537.80 million. During the same quarter in the previous year, the business posted $0.10 earnings per share. The company's revenue for the quarter was up 6.4% compared to the same quarter last year.

Institutional Trading of Taboola.com

Institutional investors have recently made changes to their positions in the company. Baird Financial Group Inc. purchased a new position in Taboola.com during the first quarter worth about $59,000. AQR Capital Management LLC grew its holdings in shares of Taboola.com by 60.6% in the first quarter. AQR Capital Management LLC now owns 998,731 shares of the company's stock valued at $2,946,000 after acquiring an additional 376,684 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Taboola.com by 41.1% in the first quarter. Empowered Funds LLC now owns 722,984 shares of the company's stock valued at $2,133,000 after acquiring an additional 210,562 shares in the last quarter. Yelin Lapidot Holdings Management Ltd. lifted its holdings in Taboola.com by 46.1% during the second quarter. Yelin Lapidot Holdings Management Ltd. now owns 768,731 shares of the company's stock worth $2,814,000 after acquiring an additional 242,718 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in Taboola.com by 1.8% during the second quarter. Acadian Asset Management LLC now owns 2,928,713 shares of the company's stock worth $10,712,000 after acquiring an additional 52,791 shares during the period. Institutional investors own 42.89% of the company's stock.

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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