Taboola.com (NASDAQ:TBLA) Reaches New 1-Year High – Should You Buy?

Taboola.com Ltd. (NASDAQ:TBLA) shares reached a new 52-week high on Wednesday . The stock traded as high as $5.26 and last traded at $5.1950, with a volume of 2690804 shares trading hands. The stock had previously closed at $5.00.

Analyst Upgrades and Downgrades

TBLA has been the topic of several analyst reports. Wall Street Zen upgraded shares of Taboola.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Weiss Ratings restated a “hold (c)” rating on shares of Taboola.com in a research report on Tuesday, April 21st. TD Cowen lifted their target price on Taboola.com from $4.00 to $6.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Zacks Research lowered Taboola.com from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Needham & Company LLC increased their price target on Taboola.com from $4.50 to $5.50 and gave the stock a “buy” rating in a report on Thursday, May 7th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.90.

Taboola.com Price Performance

The stock has a fifty day moving average price of $4.70 and a 200 day moving average price of $4.03. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $1.25 billion, a P/E ratio of 13.53 and a beta of 1.50.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.21. The company had revenue of $466.39 million during the quarter, compared to analyst estimates of $453.30 million. Taboola.com had a net margin of 5.64% and a return on equity of 10.72%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.03) EPS. On average, research analysts forecast that Taboola.com Ltd. will post 0.41 earnings per share for the current year.

Insider Activity

In related news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $4.40, for a total transaction of $52,800,000.00. Following the completion of the transaction, the insider owned 18,039,644 shares of the company’s stock, valued at $79,374,433.60. This trade represents a 39.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 20.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TBLA. Baird Financial Group Inc. purchased a new stake in shares of Taboola.com in the 1st quarter valued at $59,000. AQR Capital Management LLC boosted its holdings in Taboola.com by 60.6% during the 1st quarter. AQR Capital Management LLC now owns 998,731 shares of the company’s stock valued at $2,946,000 after acquiring an additional 376,684 shares during the period. Empowered Funds LLC grew its position in Taboola.com by 41.1% in the 1st quarter. Empowered Funds LLC now owns 722,984 shares of the company’s stock valued at $2,133,000 after acquiring an additional 210,562 shares in the last quarter. Creative Planning acquired a new position in Taboola.com in the 2nd quarter valued at about $154,000. Finally, American Century Companies Inc. increased its stake in Taboola.com by 22.3% during the second quarter. American Century Companies Inc. now owns 420,732 shares of the company’s stock worth $1,540,000 after purchasing an additional 76,640 shares during the period. 42.89% of the stock is currently owned by institutional investors and hedge funds.

About Taboola.com

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.