JMP Securities Cuts Taboola.com (NASDAQ:TBLA) Price Target to $5.00

Taboola.com (NASDAQ:TBLA) had its price target reduced by JMP Securities from $6.00 to $5.00 in a research note published on Monday,Benzinga reports. They currently have a market outperform rating on the stock.

TBLA has been the subject of several other reports. Benchmark restated a “buy” rating and issued a $5.00 target price on shares of Taboola.com in a research note on Monday, October 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 target price on shares of Taboola.com in a research report on Friday, January 17th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $5.25.

Taboola.com Stock Up 3.8 %

Taboola.com stock opened at $3.81 on Monday. The firm has a 50 day moving average price of $3.75 and a two-hundred day moving average price of $3.47. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.31. Taboola.com has a 52-week low of $2.87 and a 52-week high of $5.00. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of -38.10 and a beta of 1.26.

Taboola.com (NASDAQ:TBLA) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Taboola.com had a negative return on equity of 1.68% and a negative net margin of 1.96%. The business had revenue of $433.10 million for the quarter, compared to analyst estimates of $429.43 million. During the same quarter in the previous year, the business posted ($0.02) earnings per share.

Insiders Place Their Bets

In related news, Director Richard T. Scanlon sold 250,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $3.16, for a total value of $790,000.00. Following the transaction, the director now directly owns 70,642 shares of the company’s stock, valued at approximately $223,228.72. The trade was a 77.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 22.40% of the stock is currently owned by insiders.

Institutional Trading of Taboola.com

Several hedge funds have recently added to or reduced their stakes in TBLA. Empowered Funds LLC lifted its stake in Taboola.com by 410.5% in the fourth quarter. Empowered Funds LLC now owns 512,422 shares of the company’s stock valued at $1,870,000 after purchasing an additional 412,042 shares during the last quarter. Millennium Management LLC lifted its position in shares of Taboola.com by 32.3% during the 2nd quarter. Millennium Management LLC now owns 1,339,987 shares of the company’s stock valued at $4,610,000 after buying an additional 327,518 shares during the last quarter. Algert Global LLC bought a new position in shares of Taboola.com during the 2nd quarter worth $1,020,000. JPMorgan Chase & Co. increased its holdings in Taboola.com by 54.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 727,181 shares of the company’s stock worth $2,443,000 after acquiring an additional 257,009 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Taboola.com by 352.1% in the 2nd quarter. American Century Companies Inc. now owns 126,554 shares of the company’s stock valued at $435,000 after acquiring an additional 98,562 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.