Taboola.com Ltd. (NASDAQ:TBLA) Given Consensus Recommendation of “Buy” by Brokerages

Taboola.com Ltd. (NASDAQ:TBLA) has earned an average recommendation of “Buy” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $5.59.

A number of equities research analysts have issued reports on the stock. Needham & Company LLC cut their price target on shares of Taboola.com from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Friday, July 5th. Benchmark restated a “buy” rating and set a $6.00 price target on shares of Taboola.com in a report on Monday, May 6th. Finally, B. Riley reiterated a “buy” rating and issued a $5.25 price objective on shares of Taboola.com in a report on Wednesday, April 24th.

Institutional Trading of Taboola.com

Several large investors have recently bought and sold shares of TBLA. Bayesian Capital Management LP bought a new position in Taboola.com in the first quarter worth $61,000. Counterpoint Mutual Funds LLC bought a new stake in Taboola.com during the fourth quarter worth about $98,000. Harbor Capital Advisors Inc. boosted its stake in Taboola.com by 10.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 28,326 shares of the company’s stock worth $123,000 after acquiring an additional 2,726 shares in the last quarter. Schnieders Capital Management LLC bought a new position in shares of Taboola.com during the first quarter valued at approximately $163,000. Finally, Arizona State Retirement System purchased a new position in shares of Taboola.com during the fourth quarter valued at approximately $164,000. 42.89% of the stock is owned by institutional investors.

Taboola.com Stock Performance

Taboola.com stock opened at $3.20 on Friday. The firm has a fifty day simple moving average of $3.82 and a two-hundred day simple moving average of $4.19. Taboola.com has a twelve month low of $3.16 and a twelve month high of $5.00. The company has a market capitalization of $930.34 million, a PE ratio of -13.91 and a beta of 1.29. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Taboola.com (NASDAQ:TBLA) last released its earnings results on Wednesday, May 8th. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. Taboola.com had a negative return on equity of 2.64% and a negative net margin of 5.04%. The company had revenue of $414.01 million during the quarter, compared to analyst estimates of $401.73 million. Research analysts expect that Taboola.com will post 0.03 EPS for the current year.

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.