Taboola.com (NASDAQ:TBLA) Receives “Buy” Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Taboola.com (NASDAQ:TBLA) in a research note issued to investors on Friday,Benzinga reports. They currently have a $5.00 price objective on the stock.

Separately, Benchmark restated a “buy” rating and issued a $5.00 price target on shares of Taboola.com in a research note on Monday, October 7th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Taboola.com has an average rating of “Buy” and an average price target of $5.31.

Taboola.com Price Performance

Shares of TBLA stock opened at $3.42 on Friday. The firm has a market cap of $996.81 million, a price-to-earnings ratio of -34.20 and a beta of 1.28. Taboola.com has a 12 month low of $2.87 and a 12 month 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 stock has a 50-day moving average price of $3.35 and a 200 day moving average price of $3.54.

Taboola.com (NASDAQ:TBLA) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Taboola.com had a negative net margin of 1.96% and a negative return on equity of 1.68%. The company had revenue of $433.10 million during the quarter, compared to the consensus estimate of $429.43 million. During the same quarter in the prior year, the company posted ($0.02) EPS. Research analysts expect that Taboola.com will post 0.03 EPS for the current year.

Insider Buying and Selling

In other news, Director Lynda M. Clarizio sold 29,606 shares of Taboola.com stock in a transaction on Thursday, August 29th. The stock was 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 22.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Taboola.com

A number of hedge funds have recently modified their holdings of TBLA. Empowered Funds LLC purchased a new stake in Taboola.com in the third quarter worth $337,000. Intellectus Partners LLC raised its stake in Taboola.com by 4.5% in the 3rd quarter. Intellectus Partners LLC now owns 367,668 shares of the company’s stock valued at $1,235,000 after acquiring an additional 16,000 shares during the period. Aigen Investment Management LP bought a new position in Taboola.com during the third quarter worth about $63,000. GSA Capital Partners LLP increased its stake in shares of Taboola.com by 11.6% in the third quarter. GSA Capital Partners LLP now owns 814,598 shares of the company’s stock worth $2,737,000 after purchasing an additional 84,382 shares in the last quarter. Finally, ARK Investment Management LLC raised its position in shares of Taboola.com by 9.2% in the third quarter. ARK Investment Management LLC now owns 594,590 shares of the company’s stock valued at $1,998,000 after purchasing an additional 50,256 shares during the period. Institutional investors own 42.89% 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.