Taboola.com (TBLA) to Release Earnings on Wednesday

Taboola.com (NASDAQ:TBLA - Get Free Report) is projected to issue its Q1 2025 quarterly earnings data before the market opens on Wednesday, May 14th. Analysts expect the company to announce earnings of $0.01 per share and revenue of $417.87 million for the quarter.

Taboola.com Price Performance

Taboola.com stock remained flat at $3.34 during mid-day trading on Friday. The company's stock had a trading volume of 2,403,505 shares, compared to its average volume of 1,263,502. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.31. Taboola.com has a 52-week low of $2.50 and a 52-week high of $4.55. The company has a 50 day moving average price of $2.91 and a 200 day moving average price of $3.39. The firm has a market cap of $984.70 million, a P/E ratio of -33.40 and a beta of 1.21.

Taboola.com declared that its Board of Directors has approved a share repurchase plan on Wednesday, February 26th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 22.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

Insiders Place Their Bets

In other news, CEO Adam Singolda purchased 60,229 shares of Taboola.com stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average price of $2.72 per share, for a total transaction of $163,822.88. Following the transaction, the chief executive officer now owns 14,462,943 shares in the company, valued at $39,339,204.96. The trade was a 0.42 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Zvi Limon acquired 168,506 shares of the stock in a transaction on Thursday, February 27th. The shares were purchased at an average price of $2.93 per share, for a total transaction of $493,722.58. Following the completion of the transaction, the director now owns 2,987,383 shares in the company, valued at approximately $8,753,032.19. This represents a 5.98 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 22.40% of the company's stock.

Wall Street Analysts Forecast Growth

TBLA has been the subject of a number of recent analyst reports. Benchmark decreased their target price on shares of Taboola.com from $4.50 to $4.00 and set a "buy" rating for the company in a research report on Thursday. Oppenheimer reaffirmed a "market perform" rating on shares of Taboola.com in a research note on Wednesday, February 26th. B. Riley upgraded shares of Taboola.com from a "neutral" rating to a "buy" rating and set a $4.00 price objective for the company in a research report on Thursday. Citizens Jmp lowered shares of Taboola.com from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 27th. Finally, JMP Securities decreased their price target on shares of Taboola.com from $6.00 to $5.00 and set a "market outperform" rating on the stock in a research report on Monday, January 27th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Taboola.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $4.25.

About Taboola.com

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.