Taboola.com Ltd. (NASDAQ:TBLA – Get Free Report)’s stock price fell 4.7% on Wednesday . The stock traded as low as $4.82 and last traded at $4.8330. 633,128 shares were traded during trading, a decline of 67% from the average session volume of 1,927,081 shares. The stock had previously closed at $5.07.
Analysts Set New Price Targets
Several research firms have weighed in on TBLA. Zacks Research cut Taboola.com from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. TD Cowen boosted their price target on Taboola.com from $4.00 to $6.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Rosenblatt Securities boosted their price target on Taboola.com from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Wall Street Zen raised Taboola.com from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, Needham & Company LLC boosted their price target on Taboola.com from $4.50 to $5.50 and gave the company a “buy” rating in a research note on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Taboola.com currently has an average rating of “Moderate Buy” and an average target price of $5.90.
View Our Latest Report on Taboola.com
Taboola.com Trading Up 0.3%
Taboola.com (NASDAQ:TBLA – Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.21. Taboola.com had a return on equity of 10.72% and a net margin of 5.64%.The firm had revenue of $466.40 million during the quarter, compared to analyst estimates of $453.30 million. During the same period in the previous year, the company earned ($0.03) EPS. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, research analysts expect that Taboola.com Ltd. will post 0.41 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of TBLA. LSV Asset Management lifted its holdings in shares of Taboola.com by 2,001.4% during the third quarter. LSV Asset Management now owns 1,983,558 shares of the company’s stock worth $6,764,000 after buying an additional 1,889,168 shares during the last quarter. Stoic Point Capital Management LLC acquired a new position in shares of Taboola.com during the fourth quarter worth approximately $5,699,000. Two Sigma Investments LP lifted its holdings in shares of Taboola.com by 114.6% during the third quarter. Two Sigma Investments LP now owns 2,005,558 shares of the company’s stock worth $6,839,000 after buying an additional 1,070,864 shares during the last quarter. Walleye Capital LLC acquired a new position in shares of Taboola.com during the fourth quarter worth approximately $4,414,000. Finally, Marshall Wace LLP acquired a new position in shares of Taboola.com during the fourth quarter worth approximately $4,008,000. 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.
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