Needham & Company LLC Reiterates “Buy” Rating for Taboola.com (NASDAQ:TBLA)

Needham & Company LLC reaffirmed their buy rating on shares of Taboola.com (NASDAQ:TBLAFree Report) in a report published on Friday morning,Benzinga reports. The firm currently has a $5.00 price objective on the stock.

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

Read Our Latest Analysis on TBLA

Taboola.com Stock Performance

Shares of TBLA stock opened at $3.58 on Friday. The stock has a fifty day moving average price of $3.68 and a 200 day moving average price of $3.46. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market cap of $1.05 billion, a PE ratio of -35.80 and a beta of 1.26. Taboola.com has a 1 year low of $2.87 and a 1 year high of $5.00.

Taboola.com (NASDAQ:TBLAGet Free Report) last released its quarterly 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 firm had revenue of $433.10 million for the quarter, compared to analyst estimates 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 last year, the firm earned ($0.02) EPS.

Insider Buying and Selling

In related news, Director Richard T. Scanlon sold 250,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $3.16, for a total transaction of $790,000.00. Following the transaction, the director now owns 70,642 shares of the company’s stock, valued at approximately $223,228.72. This represents a 77.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 22.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TBLA. Harbor Capital Advisors Inc. boosted its holdings in shares of Taboola.com by 22.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 33,051 shares of the company’s stock worth $121,000 after purchasing an additional 6,094 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Taboola.com by 54.7% during the third quarter. JPMorgan Chase & Co. now owns 727,181 shares of the company’s stock worth $2,443,000 after buying an additional 257,009 shares during the period. Tidal Investments LLC boosted its stake in Taboola.com by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 183,856 shares of the company’s stock worth $618,000 after buying an additional 8,127 shares during the last quarter. Barclays PLC grew its holdings in Taboola.com by 1,218.5% in the 3rd quarter. Barclays PLC now owns 36,431 shares of the company’s stock valued at $122,000 after buying an additional 33,668 shares during the period. Finally, XTX Topco Ltd increased its stake in shares of Taboola.com by 99.6% during the 3rd quarter. XTX Topco Ltd now owns 60,229 shares of the company’s stock valued at $202,000 after acquiring an additional 30,059 shares during the last quarter. 42.89% of the stock is currently owned by institutional investors and hedge funds.

About Taboola.com

(Get Free Report)

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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