Taboola.com (NASDAQ:TBLA) Reaches New 1-Year High – Here’s Why

Taboola.com Ltd. (NASDAQ:TBLA)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $5.55 and last traded at $5.53, with a volume of 5263859 shares trading hands. The stock had previously closed at $5.14.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Benchmark lifted their price objective on shares of Taboola.com from $4.50 to $6.50 and gave the stock a “buy” rating in a report on Thursday, May 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Taboola.com in a report on Tuesday, April 21st. Zacks Research lowered shares of Taboola.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen upgraded shares of Taboola.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, TD Cowen upped their price objective on shares of Taboola.com from $4.00 to $6.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $5.90.

Taboola.com Price Performance

The stock has a fifty day moving average of $4.82 and a 200 day moving average of $4.07. 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 firm has a market capitalization of $1.32 billion, a P/E ratio of 14.29 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 (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.21. The firm had revenue of $466.39 million during the quarter, compared to the consensus estimate of $453.30 million. Taboola.com had a return on equity of 10.72% and a net margin of 5.64%.The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.03) EPS. On average, research analysts anticipate that Taboola.com Ltd. will post 0.41 EPS for the current fiscal year.

Insider Buying and Selling

In other Taboola.com news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $4.40, for a total value of $52,800,000.00. Following the transaction, the insider directly owned 18,039,644 shares in the company, valued at $79,374,433.60. The trade was a 39.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 20.60% of the company’s stock.

Hedge Funds Weigh In On Taboola.com

Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC increased its position in Taboola.com by 31.5% in the first quarter. SG Americas Securities LLC now owns 23,125 shares of the company’s stock worth $72,000 after buying an additional 5,546 shares during the last quarter. LPL Financial LLC lifted its position in shares of Taboola.com by 25.8% during the 4th quarter. LPL Financial LLC now owns 28,308 shares of the company’s stock valued at $130,000 after buying an additional 5,814 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Taboola.com by 27.7% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 29,074 shares of the company’s stock valued at $145,000 after buying an additional 6,302 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Taboola.com by 20.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 50,827 shares of the company’s stock worth $176,000 after acquiring an additional 8,500 shares during the period. Finally, CWM LLC grew its stake in shares of Taboola.com by 25.5% during the 4th quarter. CWM LLC now owns 42,061 shares of the company’s stock worth $194,000 after acquiring an additional 8,558 shares during the period. Hedge funds and other institutional investors own 42.89% of the company’s stock.

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.