Taboola.com (TBLA) Set to Announce Quarterly Earnings on Thursday

Taboola.com (NASDAQ:TBLA) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Taboola.com has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

Taboola.com (NASDAQ:TBLA) last released its earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. The business had revenue of $428.00 million during the quarter, compared to the consensus estimate of $428.67 million. Taboola.com had a negative net margin of 3.07% and a negative return on equity of 1.57%. The firm’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.05) earnings per share. On average, analysts expect Taboola.com to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Taboola.com Stock Down 2.1 %

Taboola.com stock opened at $3.27 on Tuesday. The company has a market cap of $953.09 million, a P/E ratio of -21.80 and a beta of 1.28. Taboola.com has a 1-year low of $2.87 and a 1-year high of $5.00. The company has a fifty day simple moving average of $3.37 and a 200 day simple moving average of $3.57. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Benchmark reaffirmed a “buy” rating and issued a $5.00 target price on shares of Taboola.com in a research report on Monday, October 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $5.00 target price on shares of Taboola.com in a research report on Wednesday, October 16th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $5.31.

Insider Buying and Selling at Taboola.com

In other news, Director Lynda M. Clarizio sold 29,606 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $3.61, for a total transaction of $106,877.66. Following the completion of the sale, the director now owns 176,158 shares in the company, valued at approximately $635,930.38. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 22.40% of the company’s stock.

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.