Taboola.com (NASDAQ:TBLA) Given "Buy" Rating at Needham & Company LLC

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

Separately, Benchmark reaffirmed a "buy" rating and set 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, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $5.31.

Taboola.com Trading Down 2.4 %

Shares of TBLA traded down $0.08 on Friday, hitting $3.24. 1,111,437 shares of the stock traded hands, compared to its average volume of 1,047,831. Taboola.com has a 1 year low of $2.87 and a 1 year high of $5.00. The stock's 50 day moving average is $3.35 and its two-hundred day moving average is $3.56. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $944.35 million, a P/E ratio of -22.13 and a beta of 1.28.

Taboola.com (NASDAQ:TBLA - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.04). The company had revenue of $433.10 million during the quarter, compared to analyst estimates of $429.43 million. Taboola.com had a negative net margin of 3.07% and a negative return on equity of 1.57%. During the same quarter last year, the business earned ($0.02) EPS. As a group, sell-side analysts predict that Taboola.com will post 0.03 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Lynda M. Clarizio sold 29,606 shares of the company's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $3.61, for a total transaction of $106,877.66. Following the completion of the transaction, the director now directly owns 176,158 shares of the company's stock, valued at approximately $635,930.38. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. River Global Investors LLP acquired a new position in shares of Taboola.com during the first quarter worth approximately $908,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Taboola.com during the first quarter valued at about $195,000. Vanguard Group Inc. lifted its holdings in Taboola.com by 2.7% in the first quarter. Vanguard Group Inc. now owns 660,112 shares of the company's stock worth $2,931,000 after purchasing an additional 17,216 shares during the period. Acadian Asset Management LLC grew its position in Taboola.com by 558.2% in the 1st quarter. Acadian Asset Management LLC now owns 671,712 shares of the company's stock valued at $2,977,000 after buying an additional 569,663 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in Taboola.com during the 1st quarter valued at about $335,000. Institutional investors own 42.89% 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.