Taboola.com (NASDAQ:TBLA) Price Target Cut to $5.00 by Analysts at Needham & Company LLC

Taboola.com (NASDAQ:TBLA) had its price target cut by stock analysts at Needham & Company LLC from $6.00 to $5.00 in a research note issued to investors on Friday, Briefing.com reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price objective would suggest a potential upside of 44.09% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. B. Riley reaffirmed a “buy” rating and issued a $5.25 price target on shares of Taboola.com in a report on Wednesday, April 24th. Benchmark reaffirmed a “buy” rating and issued a $6.00 price target on shares of Taboola.com in a report on Monday, May 6th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $5.59.

Taboola.com Trading Up 0.6 %

NASDAQ TBLA opened at $3.47 on Friday. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -15.09 and a beta of 1.29. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 1.31. Taboola.com has a one year low of $3.04 and a one year high of $5.00. The business’s fifty day moving average is $3.92 and its 200-day moving average is $4.21.

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

Institutional Investors Weigh In On Taboola.com

Large investors have recently added to or reduced their stakes in the company. Bayesian Capital Management LP bought a new stake in shares of Taboola.com in the first quarter worth about $61,000. Counterpoint Mutual Funds LLC purchased a new position in shares of Taboola.com during the fourth quarter valued at approximately $98,000. Harbor Capital Advisors Inc. boosted its holdings in Taboola.com by 10.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 28,326 shares of the company’s stock valued at $123,000 after acquiring an additional 2,726 shares in the last quarter. Schnieders Capital Management LLC bought a new stake in shares of Taboola.com during the 1st quarter valued at about $163,000. Finally, Arizona State Retirement System bought a new position in Taboola.com in the fourth quarter worth about $164,000. 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.