Taboola.com’s (TBLA) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Taboola.com (NASDAQ:TBLA) in a report issued on Tuesday, Benzinga reports. They currently have a $5.00 price target on the stock.

Separately, Benchmark restated a buy rating and set a $6.00 price objective on shares of Taboola.com in a research report on Tuesday, August 6th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of Buy and a consensus price target of $5.56.

Taboola.com Price Performance

NASDAQ:TBLA opened at $3.28 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 1.31. The company has a 50 day moving average price of $3.28 and a 200-day moving average price of $3.73. Taboola.com has a 1-year low of $2.87 and a 1-year high of $5.00. The firm has a market cap of $953.61 million, a price-to-earnings ratio of -14.26 and a beta of 1.29.

Taboola.com (NASDAQ:TBLA) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. Taboola.com had a negative return on equity of 1.57% and a negative net margin of 3.07%. The company had revenue of $428.00 million during the quarter, compared to analysts’ expectations of $428.67 million. During the same quarter in the prior year, the firm posted ($0.05) EPS. Taboola.com’s quarterly revenue was up 28.9% compared to the same quarter last year. Equities research analysts forecast that Taboola.com will post 0.03 EPS for the current year.

Insider Activity at Taboola.com

In other Taboola.com news, Director Lynda M. Clarizio sold 29,606 shares of Taboola.com stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $3.61, for a total transaction of $106,877.66. Following the sale, the director now owns 176,158 shares of the company’s stock, valued at approximately $635,930.38. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 22.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP increased its position in Taboola.com by 292.4% during the fourth quarter. GSA Capital Partners LLP now owns 657,758 shares of the company’s stock worth $2,848,000 after purchasing an additional 490,149 shares during the last quarter. Tidal Investments LLC purchased a new position in Taboola.com during the first quarter worth about $806,000. Wellington Management Group LLP increased its position in shares of Taboola.com by 22.2% during the fourth quarter. Wellington Management Group LLP now owns 15,767,681 shares of the company’s stock valued at $68,274,000 after acquiring an additional 2,859,451 shares during the last quarter. Tredje AP fonden purchased a new stake in shares of Taboola.com in the 2nd quarter valued at approximately $1,376,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Taboola.com by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 660,112 shares of the company’s stock worth $2,931,000 after acquiring an additional 17,216 shares during the last quarter. 42.89% of the stock is owned by hedge funds and other institutional investors.

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.