Taboola.com Ltd. (NASDAQ:TBLA – Get Free Report) was down 4.3% during mid-day trading on Friday after Needham & Company LLC lowered their price target on the stock from $6.00 to $5.00. Needham & Company LLC currently has a buy rating on the stock. Taboola.com traded as low as $3.30 and last traded at $3.32. Approximately 48,873 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 1,184,304 shares. The stock had previously closed at $3.47.
Several other equities analysts have also commented on the stock. B. Riley reissued a “buy” rating and issued a $5.25 target price on shares of Taboola.com in a report on Wednesday, April 24th. Benchmark reissued a “buy” rating and issued a $6.00 price objective on shares of Taboola.com in a research note on Monday, May 6th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Taboola.com has a consensus rating of “Buy” and an average price target of $5.59.
View Our Latest Report on TBLA
Institutional Trading of Taboola.com
Taboola.com Trading Down 4.0 %
The firm’s 50-day moving average price is $3.92 and its 200 day moving average price is $4.21. The company has a market cap of $968.13 million, a price-to-earnings ratio of -15.09 and a beta of 1.29. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14.
Taboola.com (NASDAQ:TBLA – Get Free Report) last issued its earnings results on Wednesday, May 8th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.01. The company had revenue of $414.01 million during the quarter, compared to the consensus estimate of $401.73 million. Taboola.com had a negative return on equity of 2.64% and a negative net margin of 5.04%. As a group, equities analysts expect that Taboola.com Ltd. will post 0.03 EPS for the current year.
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.
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