Analysts Set Taboola.com Ltd. (NASDAQ:TBLA) Target Price at $5.90

Taboola.com Ltd. (NASDAQ:TBLA) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $5.90.

A number of research firms recently weighed in on TBLA. Weiss Ratings reissued a “hold (c)” rating on shares of Taboola.com in a research note on Tuesday, April 21st. Benchmark boosted their price target on shares of Taboola.com from $4.50 to $6.50 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Rosenblatt Securities boosted their price target on shares of Taboola.com from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. TD Cowen boosted their price target on shares of Taboola.com from $4.00 to $6.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Finally, Wall Street Zen raised shares of Taboola.com from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th.

Taboola.com Trading Up 1.5%

Shares of NASDAQ TBLA opened at $4.89 on Friday. Taboola.com has a 1-year low of $2.84 and a 1-year high of $5.26. The company has a market cap of $1.19 billion, a PE ratio of 12.87 and a beta of 1.43. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average of $3.92 and a two-hundred day moving average of $3.88.

Taboola.com (NASDAQ:TBLA) last announced its earnings results on Wednesday, May 6th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.21. The company had revenue of $466.40 million during the quarter, compared to the consensus estimate of $453.30 million. Taboola.com had a net margin of 5.64% and a return on equity of 10.72%. The company’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.03) earnings per share. As a group, equities analysts expect that Taboola.com will post 0.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Taboola.com

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP bought a new stake in shares of Taboola.com during the third quarter worth approximately $42,000. Headlands Technologies LLC acquired a new position in Taboola.com during the second quarter valued at approximately $43,000. Captrust Financial Advisors acquired a new position in Taboola.com during the second quarter valued at approximately $46,000. Abacus Wealth Partners LLC acquired a new position in Taboola.com during the fourth quarter valued at approximately $48,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Taboola.com during the third quarter valued at approximately $54,000. 42.89% of the stock is owned by institutional investors.

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.