Taboola.com (NASDAQ:TBLA) Rating Reiterated by B. Riley

Taboola.com (NASDAQ:TBLA)‘s stock had its “buy” rating reissued by analysts at B. Riley in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $5.25 target price on the stock. B. Riley’s price target would suggest a potential upside of 25.60% from the stock’s current price.

TBLA has been the topic of a number of other research reports. TheStreet upgraded shares of Taboola.com from a “d+” rating to a “c-” rating in a report on Friday, January 19th. Needham & Company LLC restated a “buy” rating and set a $6.00 price target on shares of Taboola.com in a report on Thursday, March 28th. Finally, Oppenheimer boosted their price target on shares of Taboola.com from $5.50 to $6.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Taboola.com currently has a consensus rating of “Buy” and an average target price of $5.79.

Taboola.com Stock Up 4.8 %

NASDAQ TBLA opened at $4.18 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.32 and a quick ratio of 1.32. The company’s 50 day simple moving average is $4.38 and its 200 day simple moving average is $4.13. Taboola.com has a 12 month low of $2.16 and a 12 month high of $5.00. The company has a market capitalization of $1.24 billion, a P/E ratio of -17.42 and a beta of 1.37.

Taboola.com (NASDAQ:TBLA) last released its earnings results on Wednesday, February 28th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. Taboola.com had a negative net margin of 5.70% and a negative return on equity of 1.85%. The business had revenue of $419.80 million for the quarter, compared to the consensus estimate of $436.96 million. During the same period in the previous year, the firm earned $0.11 EPS. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. Equities research analysts expect that Taboola.com will post 0.13 earnings per share for the current fiscal year.

Insider Activity at Taboola.com

In related news, CTO Lior Golan sold 23,211 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $4.86, for a total transaction of $112,805.46. Following the transaction, the chief technology officer now directly owns 2,545,291 shares of the company’s stock, valued at $12,370,114.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 55,325 shares of company stock valued at $269,318. Corporate insiders own 23.49% of the company’s stock.

Institutional Trading of Taboola.com

Several large investors have recently added to or reduced their stakes in the business. Saxon Interests Inc. bought a new stake in Taboola.com in the first quarter worth approximately $179,000. Hennion & Walsh Asset Management Inc. grew its position in Taboola.com by 8.0% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 60,701 shares of the company’s stock worth $270,000 after acquiring an additional 4,478 shares in the last quarter. Counterpoint Mutual Funds LLC grew its position in Taboola.com by 35.6% in the first quarter. Counterpoint Mutual Funds LLC now owns 30,798 shares of the company’s stock worth $137,000 after acquiring an additional 8,079 shares in the last quarter. Wellington Management Group LLP grew its position in Taboola.com by 22.2% in the fourth quarter. Wellington Management Group LLP now owns 15,767,681 shares of the company’s stock worth $68,274,000 after acquiring an additional 2,859,451 shares in the last quarter. Finally, GSA Capital Partners LLP grew its position in Taboola.com by 292.4% in the fourth quarter. GSA Capital Partners LLP now owns 657,758 shares of the company’s stock worth $2,848,000 after acquiring an additional 490,149 shares in the last quarter. 42.89% of the stock is 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.