Taboola.com (NASDAQ:TBLA) Sees Strong Trading Volume - What's Next?

Key Points

• Taboola saw heavy trading with 3,716,446 shares changing hands—a 132% increase from the previous session—and the stock last traded at $3.3780 (prior close $3.30).
• Analyst sentiment is broadly positive with a consensus of "Moderate Buy" and an average price target of $5.00; ratings include 1 Strong Buy, 4 Buy and 2 Hold, and price targets range up to $7.00 from Rosenblatt.
• Fundamentals show a mixed quarter: EPS of $0.17 missed estimates by $0.01 and revenue of $522.3M also missed expectations despite 6.4% year‑over‑year revenue growth; the company has a market cap of about $820.7M, a PE of 22.1 and low leverage (debt/equity 0.11) with ~42.9% institutional ownership.

Taboola.com Ltd. (NASDAQ:TBLA - Get Free Report) saw strong trading volume on Monday . 3,716,446 shares traded hands during trading, an increase of 132% from the previous session's volume of 1,603,043 shares.The stock last traded at $3.3780 and had previously closed at $3.30.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Zacks Research raised shares of Taboola.com from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 3rd. Wall Street Zen downgraded shares of Taboola.com from a "strong-buy" rating to a "buy" rating in a research report on Saturday, February 28th. Needham & Company LLC reaffirmed a "buy" rating and issued a $4.50 price target on shares of Taboola.com in a report on Wednesday, February 25th. 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. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Taboola.com in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $5.00.

Taboola.com Stock Performance

The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $820.66 million, a PE ratio of 22.10 and a beta of 1.34. The firm has a 50 day moving average price of $3.81 and a 200-day moving average price of $3.70.

Taboola.com (NASDAQ:TBLA - Get Free Report) last issued its 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 net margin of 2.21% and a return on equity of 11.97%. The firm had revenue of $522.31 million during the quarter, compared to analysts' expectations of $537.80 million. During the same quarter in the prior year, the company earned $0.10 EPS. Taboola.com's quarterly revenue was up 6.4% on a year-over-year basis.

Institutional Trading of Taboola.com

Hedge funds and other institutional investors have recently made changes to their positions in the business. Baird Financial Group Inc. acquired a new position in Taboola.com during the first quarter valued at $59,000. AQR Capital Management LLC boosted its holdings in 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 purchasing an additional 376,684 shares during the last quarter. Empowered Funds LLC grew its position in Taboola.com by 41.1% during the 1st quarter. Empowered Funds LLC now owns 722,984 shares of the company's stock worth $2,133,000 after purchasing an additional 210,562 shares during the period. Acadian Asset Management LLC raised its stake in shares of Taboola.com by 1.8% during the 2nd quarter. Acadian Asset Management LLC now owns 2,928,713 shares of the company's stock valued at $10,712,000 after buying an additional 52,791 shares during the last quarter. Finally, Creative Planning purchased a new position in shares of Taboola.com during the 2nd quarter valued at about $154,000. Institutional investors and hedge funds own 42.89% of the company's stock.

Taboola.com Company Profile

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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