Taboola.com’s (TBLA) “Buy” Rating Reiterated at Needham & Company LLC

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

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

Taboola.com Stock Down 0.3 %

Shares of TBLA opened at $3.84 on Wednesday. The company has a market capitalization of $1.12 billion, a PE ratio of -38.40 and a beta of 1.29. The stock’s 50-day moving average price is $3.61 and its two-hundred day moving average price is $3.44. 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 has a 12 month low of $2.87 and a 12 month high of $5.00.

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

Insider Buying and Selling at Taboola.com

In other news, Director Richard T. Scanlon sold 250,000 shares of Taboola.com stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $3.16, for a total transaction of $790,000.00. Following the completion of the transaction, the director now directly owns 70,642 shares in the company, valued at $223,228.72. This trade represents a 77.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 22.40% of the company’s stock.

Hedge Funds Weigh In On Taboola.com

Several large investors have recently added to or reduced their stakes in the business. nVerses Capital LLC raised its position in Taboola.com by 74.5% in 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 last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Taboola.com in the second quarter valued at about $47,000. Aigen Investment Management LP purchased a new stake in shares of Taboola.com in the third quarter valued at about $63,000. EverSource Wealth Advisors LLC bought a new position in shares of Taboola.com during the second quarter valued at about $69,000. Finally, Bailard Inc. purchased a new position in Taboola.com during the second quarter worth about $102,000. 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.