Taboola.com's (TBLA) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Taboola.com (NASDAQ:TBLA - Free Report) in a research report sent to investors on Friday morning,Benzinga reports. Needham & Company LLC currently has a $5.00 target price on the stock.

Separately, Benchmark reaffirmed a "buy" rating and issued a $5.00 price target on shares of Taboola.com in a report on Monday, October 7th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average price target of $5.31.

Taboola.com Stock Performance

Shares of NASDAQ:TBLA traded up $0.05 during midday trading on Friday, hitting $3.60. The company's stock had a trading volume of 304,182 shares, compared to its average volume of 616,598. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.31. The stock's 50 day simple moving average is $3.68 and its 200 day simple moving average is $3.45. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -35.95 and a beta of 1.26. Taboola.com has a fifty-two week low of $2.87 and a fifty-two week high of $5.00.

Taboola.com (NASDAQ:TBLA - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). Taboola.com had a negative return on equity of 1.68% and a negative net margin of 1.96%. The business had revenue of $433.10 million during the quarter, compared to the consensus estimate of $429.43 million. During the same period in the prior year, the firm earned ($0.02) earnings per share.

Insider Buying and Selling at Taboola.com

In other news, Director Richard T. Scanlon sold 250,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $3.16, for a total transaction of $790,000.00. Following the sale, the director now owns 70,642 shares in the company, valued at approximately $223,228.72. This represents a 77.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 22.40% of the company's stock.

Institutional Investors Weigh In On Taboola.com

Hedge funds have recently added to or reduced their stakes in the stock. nVerses Capital LLC boosted its position in Taboola.com by 74.5% in the 3rd quarter. nVerses Capital LLC now owns 9,600 shares of the company's stock valued at $32,000 after buying an additional 4,100 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Taboola.com in the second quarter worth about $47,000. Aigen Investment Management LP bought a new stake in Taboola.com during the 3rd quarter worth about $63,000. EverSource Wealth Advisors LLC acquired a new position in Taboola.com during the 2nd quarter valued at about $69,000. Finally, XTX Topco Ltd boosted its stake in shares of Taboola.com by 104.3% in the 2nd quarter. XTX Topco Ltd now owns 30,170 shares of the company's stock valued at $104,000 after purchasing an additional 15,401 shares during the last quarter. Institutional investors own 42.89% of the company's stock.

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.