JMP Securities Issues Pessimistic Forecast for Taboola.com (NASDAQ:TBLA) Stock Price

Taboola.com (NASDAQ:TBLA) had its target price reduced by JMP Securities from $6.00 to $5.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “market outperform” rating on the stock. JMP Securities’ price target indicates a potential upside of 36.24% from the stock’s previous close.

A number of other analysts have also commented on TBLA. Benchmark reaffirmed a “buy” rating and issued a $5.00 price target on shares of Taboola.com in a research note on Monday, October 7th. Needham & Company LLC reissued a “buy” rating and issued a $5.00 price target on shares of Taboola.com in a research note on Friday, January 17th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $5.25.

Taboola.com Trading Up 2.8 %

Shares of TBLA opened at $3.67 on Monday. The firm has a fifty day simple moving average of $3.74 and a two-hundred day simple moving average of $3.47. Taboola.com has a twelve month low of $2.87 and a twelve month high of $5.00. The stock has a market capitalization of $1.07 billion, a P/E ratio of -36.70 and a beta of 1.26. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Taboola.com (NASDAQ:TBLA) last posted its earnings results 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). The business had revenue of $433.10 million during the quarter, compared to the consensus estimate of $429.43 million. Taboola.com had a negative return on equity of 1.68% and a negative net margin of 1.96%. During the same period in the previous year, the business earned ($0.02) earnings per share.

Insider Activity

In other news, Director Richard T. Scanlon sold 250,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $3.16, for a total value of $790,000.00. Following the completion of the transaction, the director now owns 70,642 shares in the company, valued at $223,228.72. The trade was a 77.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 22.40% of the company’s stock.

Institutional Trading of Taboola.com

A number of large investors have recently made changes to their positions in the stock. nVerses Capital LLC lifted its holdings in shares of Taboola.com by 74.5% during the 3rd quarter. nVerses Capital LLC now owns 9,600 shares of the company’s stock valued at $32,000 after buying an additional 4,100 shares during the period. Point72 Asset Management L.P. purchased a new stake in Taboola.com in the second quarter worth about $47,000. Aigen Investment Management LP bought a new position in shares of Taboola.com in the third quarter worth about $63,000. R Squared Ltd purchased a new stake in Taboola.com in the 4th quarter worth approximately $68,000. Finally, XTX Topco Ltd lifted its holdings in Taboola.com by 104.3% during the second quarter. XTX Topco Ltd now owns 30,170 shares of the company’s stock valued at $104,000 after purchasing an additional 15,401 shares in the last quarter. 42.89% of the stock is currently owned by institutional investors.

Taboola.com Company Profile

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.