Taboola.com (NASDAQ:TBLA) Sets New 52-Week High – Here’s Why

Taboola.com Ltd. (NASDAQ:TBLA)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $4.57 and last traded at $4.56, with a volume of 1930662 shares. The stock had previously closed at $4.49.

Analyst Ratings Changes

TBLA has been the subject of a number of analyst reports. Wall Street Zen raised Taboola.com from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Taboola.com in a report on Wednesday, October 8th. Rosenblatt Securities began coverage on shares of Taboola.com in a report on Friday, December 19th. They set a “buy” rating and a $6.00 price target on the stock. Finally, BTIG Research initiated 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 given a Hold rating to the stock. Based on data from MarketBeat.com, Taboola.com currently has a consensus rating of “Moderate Buy” and an average price target of $4.80.

Taboola.com Trading Up 1.6%

The company has a fifty day moving average of $3.92 and a 200-day moving average of $3.59. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 57.01 and a beta of 1.29.

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

Insider Buying and Selling at Taboola.com

In other news, COO Eldad Maniv sold 414,816 shares of the firm’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $3.78, for a total value of $1,568,004.48. Following the transaction, the chief operating officer directly owned 10,392,460 shares of the company’s stock, valued at approximately $39,283,498.80. This trade represents a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Nechemia Jacob Peres sold 6,387,648 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $3.67, for a total transaction of $23,442,668.16. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 6,812,509 shares of company stock worth $25,048,341. 22.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Atria Wealth Solutions Inc. purchased a new stake in shares of Taboola.com in the second quarter valued at approximately $37,000. Pallas Capital Advisors LLC purchased a new position in Taboola.com during the second quarter worth approximately $41,000. Headlands Technologies LLC acquired a new position in Taboola.com during the second quarter worth $43,000. Quarry LP purchased a new stake in Taboola.com in the 3rd quarter valued at $42,000. Finally, Captrust Financial Advisors purchased a new stake in Taboola.com in the 2nd quarter valued at $46,000. 42.89% of the stock is currently owned by institutional investors and hedge funds.

Taboola.com Company Profile

Taboola.com (NASDAQ: TBLA) operates a leading content discovery platform that connects advertisers with premium publishers through native advertising and personalized recommendations. The company’s technology analyzes user behavior and contextual information to deliver promoted content, video, and product recommendations to audiences across a network of thousands of websites and mobile apps. By leveraging machine learning and big data, Taboola helps publishers generate incremental revenue while enabling advertisers to reach engaged users at scale.

Taboola’s suite of products includes feed placements, video recommendations, and sponsored content units designed to blend seamlessly with editorial pages.