Taboola.com Ltd. Forecasted to Earn Q1 2024 Earnings of ($0.09) Per Share (NASDAQ:TBLA)

Taboola.com Ltd. (NASDAQ:TBLA) – Investment analysts at B. Riley issued their Q1 2024 earnings estimates for Taboola.com in a note issued to investors on Tuesday, April 23rd. B. Riley analyst Z. Cummins forecasts that the company will post earnings of ($0.09) per share for the quarter. B. Riley has a “Buy” rating and a $5.25 price objective on the stock. The consensus estimate for Taboola.com’s current full-year earnings is $0.13 per share. B. Riley also issued estimates for Taboola.com’s Q2 2024 earnings at ($0.04) EPS, Q3 2024 earnings at $0.05 EPS, Q4 2024 earnings at $0.10 EPS, FY2024 earnings at $0.01 EPS and FY2025 earnings at $0.19 EPS.

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

A number of other research firms have also commented on TBLA. 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 research report on Thursday, February 29th. TheStreet raised shares of Taboola.com from a “d+” rating to a “c-” rating in a research note on Friday, January 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $6.00 target price on shares of Taboola.com in a research note on Thursday, March 28th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Taboola.com has an average rating of “Buy” and a consensus target price of $5.79.

Taboola.com Stock Up 0.7 %

NASDAQ:TBLA opened at $4.20 on Friday. Taboola.com has a 12 month low of $2.16 and a 12 month high of $5.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 1.32. The company’s 50-day moving average price is $4.35 and its two-hundred day moving average price is $4.14.

Institutional Investors Weigh In On Taboola.com

A number of institutional investors and hedge funds have recently modified their holdings of TBLA. Commonwealth Equity Services LLC raised its stake in shares of Taboola.com by 32.1% during the third quarter. Commonwealth Equity Services LLC now owns 211,045 shares of the company’s stock worth $800,000 after buying an additional 51,336 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Taboola.com by 24.5% during the third quarter. Bank of New York Mellon Corp now owns 20,504 shares of the company’s stock worth $78,000 after buying an additional 4,030 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Taboola.com by 9.1% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,343,235 shares of the company’s stock worth $12,671,000 after buying an additional 280,000 shares during the last quarter. Intellectus Partners LLC raised its stake in shares of Taboola.com by 3.3% during the third quarter. Intellectus Partners LLC now owns 298,018 shares of the company’s stock worth $1,129,000 after buying an additional 9,600 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in shares of Taboola.com during the third quarter worth approximately $145,000. 42.89% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Taboola.com news, CTO Lior Golan sold 23,211 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $4.86, for a total value of $112,805.46. Following the completion of 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 SEC, which is available at this hyperlink. Over the last three months, insiders sold 55,325 shares of company stock valued at $269,318. Insiders own 23.49% of the company’s stock.

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.