Taboola.com, Ltd. (NASDAQ:TBLA) Receives Average Rating of “Buy” from Brokerages

Taboola.com, Ltd. (NASDAQ:TBLA) has been given a consensus recommendation of “Buy” by the seven analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $15.83.

Several research firms recently issued reports on TBLA. Credit Suisse Group began coverage on Taboola.com in a research report on Tuesday, September 14th. They set an “outperform” rating and a $14.00 price target on the stock. JMP Securities began coverage on Taboola.com in a research report on Thursday, July 1st. They set an “outperform” rating and a $17.00 price target on the stock. Susquehanna assumed coverage on Taboola.com in a research report on Wednesday, June 30th. They set a “positive” rating and a $23.00 price target on the stock. Zacks Investment Research lowered Taboola.com from a “hold” rating to a “sell” rating in a research report on Tuesday, October 5th. Finally, Cowen assumed coverage on Taboola.com in a research report on Monday, July 12th. They issued an “outperform” rating and a $14.00 price objective on the stock.

TBLA traded up $0.24 on Friday, hitting $9.54. 10,792 shares of the company were exchanged, compared to its average volume of 613,549. The stock’s fifty day moving average price is $8.79. Taboola.com has a 12 month low of $7.75 and a 12 month high of $11.44.

Taboola.com (NASDAQ:TBLA) last posted its quarterly earnings results on Tuesday, August 10th. The company reported ($1.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($1.16). The company had revenue of $329.07 million during the quarter, compared to analyst estimates of $320.50 million. On average, equities research analysts anticipate that Taboola.com will post -0.13 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Credit Suisse AG bought a new stake in shares of Taboola.com in the 2nd quarter worth approximately $37,536,000. FMR LLC purchased a new position in shares of Taboola.com in the 2nd quarter valued at approximately $23,287,000. Ion Asset Management Ltd. purchased a new position in shares of Taboola.com in the 2nd quarter valued at approximately $24,101,000. Alyeska Investment Group L.P. purchased a new position in shares of Taboola.com in the 2nd quarter valued at approximately $21,492,000. Finally, Bamco Inc. NY purchased a new position in shares of Taboola.com in the 2nd quarter valued at approximately $14,829,000.

Taboola.com Company Profile

Taboola.com, Ltd. operates a content discovery and native advertising platform for people, advertisers, and digital properties. It offers Taboola, a platform that helps people to find relevant content online, matching them with news stories, articles, blogs, videos, apps, products, and other content they want to explore; helps advertisers promote their brand to their audience; and provides new engagement and monetization opportunities to publishers, mobile carriers, and other digital properties.

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Analyst Recommendations for Taboola.com (NASDAQ:TBLA)

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