Taboola.com (NASDAQ:TBLA) Announces Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Taboola.com (NASDAQ:TBLA - Get Free Report) posted its earnings results on Thursday. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04), Briefing.com reports. The firm had revenue of $433.10 million during the quarter, compared to analysts' expectations of $429.43 million. Taboola.com had a negative return on equity of 1.57% and a negative net margin of 3.07%. During the same quarter in the prior year, the company earned ($0.02) earnings per share. Taboola.com updated its Q4 2024 guidance to EPS and its FY 2024 guidance to EPS.

Taboola.com Trading Down 2.4 %

Shares of TBLA traded down $0.08 during trading hours on Friday, reaching $3.24. 1,111,758 shares of the company traded hands, compared to its average volume of 714,802. The company's fifty day moving average price is $3.35 and its two-hundred day moving average price is $3.55. The company has a market capitalization of $944.36 million, a price-to-earnings ratio of -21.60 and a beta of 1.28. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Taboola.com has a 12 month low of $2.87 and a 12 month high of $5.00.

Analyst Ratings Changes

TBLA has been the topic of a number of analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $5.00 target price on shares of Taboola.com in a research report on Friday. Benchmark reiterated a "buy" rating and issued a $5.00 target price on shares of Taboola.com in a research report on Monday, October 7th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $5.31.

Insider Activity

In other news, Director Lynda M. Clarizio sold 29,606 shares of Taboola.com stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $3.61, for a total transaction of $106,877.66. Following the sale, the director now owns 176,158 shares of the company's stock, valued at approximately $635,930.38. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 22.40% of the company's stock.

Taboola.com Company Profile

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.