Taboola.com (NASDAQ:TBLA) Now Covered by Rosenblatt Securities

Stock analysts at Rosenblatt Securities assumed coverage on shares of Taboola.com (NASDAQ:TBLA) in a note issued to investors on Friday,Benzinga reports. The firm set a “buy” rating and a $6.00 price target on the stock. Rosenblatt Securities’ price target would suggest a potential upside of 48.88% from the company’s previous close.

Several other research analysts also recently commented on TBLA. Wall Street Zen raised Taboola.com from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “hold (c)” rating on shares of Taboola.com in a research note on Wednesday, October 8th. Finally, BTIG Research began coverage on shares of Taboola.com in a research report on Tuesday, October 7th. They set a “neutral” rating on the stock. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $4.80.

Taboola.com Trading Up 3.3%

Taboola.com stock opened at $4.03 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 50.38 and a beta of 1.30. Taboola.com has a one year low of $2.50 and a one year high of $4.26. The company’s fifty day moving average price is $3.75 and its two-hundred day moving average price is $3.55.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). The company had revenue of $496.76 million during the quarter, compared to analyst estimates of $465.57 million. Taboola.com had a return on equity of 8.12% and a net margin of 1.34%.Taboola.com’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.02) EPS.

Insider Activity at Taboola.com

In related news, COO Eldad Maniv sold 414,816 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $3.78, for a total value of $1,568,004.48. Following the completion of the transaction, the chief operating officer directly owned 10,392,460 shares of the company’s stock, valued at $39,283,498.80. This trade represents a 3.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nechemia Jacob Peres sold 6,387,648 shares of Taboola.com stock in a transaction on Monday, November 10th. The stock was sold at an average price of $3.67, for a total transaction of $23,442,668.16. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 6,812,509 shares of company stock worth $25,048,341 in the last three months. 24.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Taboola.com

A number of hedge funds and other institutional investors have recently made changes to their positions in TBLA. Atria Wealth Solutions Inc. acquired a new stake in shares of Taboola.com during the 2nd quarter valued at about $37,000. Pallas Capital Advisors LLC bought a new position in Taboola.com during the second quarter worth about $41,000. Quarry LP acquired a new stake in Taboola.com during the third quarter valued at approximately $42,000. Headlands Technologies LLC bought a new stake in shares of Taboola.com in the 2nd quarter valued at approximately $43,000. Finally, Captrust Financial Advisors bought a new stake in shares of Taboola.com in the 2nd quarter valued at approximately $46,000. 42.89% of the stock is owned by institutional investors.

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.