Taboola.com Ltd. (NASDAQ:TBLA – Get Free Report) dropped 4.3% on Friday after Needham & Company LLC lowered their price target on the stock from $6.00 to $5.00. Needham & Company LLC currently has a buy rating on the stock. Taboola.com traded as low as $3.30 and last traded at $3.32. Approximately 48,873 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 1,184,304 shares. The stock had previously closed at $3.47.
Several other equities research analysts have also recently weighed in on TBLA. B. Riley reiterated a “buy” rating and issued a $5.25 target price on shares of Taboola.com in a research note on Wednesday, April 24th. Benchmark reaffirmed a “buy” rating and set a $6.00 price objective on shares of Taboola.com in a report on Monday, May 6th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $5.59.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. Tidal Investments LLC bought a new position in Taboola.com during the first quarter worth $806,000. Levin Capital Strategies L.P. raised its position in Taboola.com by 238.1% in the first quarter. Levin Capital Strategies L.P. now owns 884,104 shares of the company’s stock worth $3,925,000 after acquiring an additional 622,614 shares during the period. Bayesian Capital Management LP bought a new stake in shares of Taboola.com in the first quarter valued at approximately $61,000. Price T Rowe Associates Inc. MD bought a new stake in Taboola.com during the 1st quarter worth approximately $271,000. Finally, Quadrature Capital Ltd bought a new stake in Taboola.com during the 1st quarter worth approximately $335,000. Institutional investors and hedge funds own 42.89% of the company’s stock.
Taboola.com Trading Down 3.7 %
The firm has a market cap of $971.04 million, a PE ratio of -14.52 and a beta of 1.29. The stock’s 50 day simple moving average is $3.91 and its 200 day simple moving average is $4.21. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.31.
Taboola.com (NASDAQ:TBLA – Get Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. Taboola.com had a negative net margin of 5.04% and a negative return on equity of 2.64%. The company had revenue of $414.01 million during the quarter, compared to analyst estimates of $401.73 million. On average, sell-side analysts forecast that Taboola.com Ltd. will post 0.03 earnings per share for the current fiscal year.
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.