Taboola.com (NASDAQ:TBLA) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Taboola.com (NASDAQ:TBLA) issued its quarterly earnings results on Thursday. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04), Briefing.com reports. The company had revenue of $433.10 million for the quarter, compared to analyst estimates of $429.43 million. Taboola.com had a negative return on equity of 1.57% and a negative net margin of 3.07%. During the same period in the prior year, the business earned ($0.02) earnings per share. Taboola.com updated its Q4 2024 guidance to EPS and its FY 2024 guidance to EPS.

Taboola.com Stock Down 2.4 %

TBLA stock opened at $3.24 on Friday. Taboola.com has a 52 week low of $2.87 and a 52 week high of $5.00. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market cap of $944.36 million, a P/E ratio of -21.60 and a beta of 1.28. The company’s 50-day moving average price is $3.35 and its 200 day moving average price is $3.55.

Insider Activity

In related news, Director Lynda M. Clarizio sold 29,606 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $3.61, for a total value of $106,877.66. Following the completion of the transaction, the director now directly owns 176,158 shares of the company’s stock, valued at $635,930.38. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 22.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TBLA shares. Needham & Company LLC restated a “buy” rating and issued a $5.00 target price on shares of Taboola.com in a research note on Friday. Benchmark restated a “buy” rating and issued a $5.00 price objective on shares of Taboola.com in a research report on Monday, October 7th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, Taboola.com has a consensus rating of “Buy” and a consensus price target of $5.31.

Taboola.com Company Profile

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.