Taboola.com (NASDAQ:TBLA) Posts 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 (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04), Briefing.com reports. Taboola.com had a negative return on equity of 1.57% and a negative net margin of 3.07%. The firm had revenue of $433.10 million for the quarter, compared to the consensus estimate of $429.43 million. During the same period last year, the firm earned ($0.02) EPS. Taboola.com updated its Q4 2024 guidance to EPS and its FY 2024 guidance to EPS.

Taboola.com Stock Performance

TBLA traded down $0.08 during midday trading on Friday, reaching $3.24. The company had a trading volume of 1,111,437 shares, compared to its average volume of 1,047,831. Taboola.com has a 1 year low of $2.87 and a 1 year high of $5.00. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market cap of $944.35 million, a P/E ratio of -22.13 and a beta of 1.28. The business has a 50-day moving average of $3.35 and a two-hundred day moving average of $3.56.

Insider Activity at Taboola.com

In other news, Director Lynda M. Clarizio sold 29,606 shares of the firm’s 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 directly owns 176,158 shares in the company, valued at $635,930.38. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 22.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TBLA has been the subject of several research reports. Needham & Company LLC reissued a “buy” rating and issued a $5.00 target price on shares of Taboola.com in a research report on Friday. Benchmark reiterated a “buy” rating and issued a $5.00 price target on shares of Taboola.com in a research note on Monday, October 7th. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, Taboola.com currently has a consensus rating of “Buy” and a consensus target price 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.