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

Needham & Company LLC reiterated their buy rating on shares of Taboola.com (NASDAQ:TBLA) in a report issued on Wednesday morning,Benzinga reports. Needham & Company LLC currently has a $5.00 target price on the stock.

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

Taboola.com Stock Down 2.3 %

Shares of TBLA stock opened at $3.86 on Wednesday. Taboola.com has a 52-week low of $2.87 and a 52-week high of $5.00. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of -38.60 and a beta of 1.29. The firm’s 50-day moving average is $3.58 and its 200-day moving average is $3.43. 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 (NASDAQ:TBLA) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business 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 earned ($0.02) EPS.

Insider Buying and Selling

In other Taboola.com 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 completion of the sale, the director now owns 70,642 shares of the company’s stock, valued at $223,228.72. The trade was a 77.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 22.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Taboola.com

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tidal Investments LLC increased its position in shares of Taboola.com by 4.6% in the third quarter. Tidal Investments LLC now owns 183,856 shares of the company’s stock worth $618,000 after purchasing an additional 8,127 shares during the period. Barclays PLC increased its holdings in Taboola.com by 1,218.5% in the 3rd quarter. Barclays PLC now owns 36,431 shares of the company’s stock valued at $122,000 after buying an additional 33,668 shares during the period. XTX Topco Ltd raised its position in shares of Taboola.com by 99.6% in the 3rd quarter. XTX Topco Ltd now owns 60,229 shares of the company’s stock valued at $202,000 after buying an additional 30,059 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Taboola.com by 698.2% during the 3rd quarter. Jane Street Group LLC now owns 93,353 shares of the company’s stock worth $314,000 after acquiring an additional 81,658 shares during the period. Finally, State Street Corp boosted its position in shares of Taboola.com by 5.5% during the 3rd quarter. State Street Corp now owns 305,350 shares of the company’s stock worth $1,026,000 after acquiring an additional 16,055 shares in the last quarter. 42.89% of the stock is currently owned by institutional investors and hedge funds.

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.