Benchmark Boosts Taboola.com (NASDAQ:TBLA) Price Target to $6.50

Taboola.com (NASDAQ:TBLA) had its price objective increased by stock analysts at Benchmark from $4.50 to $6.50 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s price objective indicates a potential upside of 23.81% from the stock’s current price.

TBLA has been the topic of several other research reports. Rosenblatt Securities boosted their price target on shares of Taboola.com from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Needham & Company LLC boosted their price target on shares of Taboola.com from $4.50 to $5.50 and gave the stock a “buy” rating in a research report on Thursday. Zacks Research cut shares of Taboola.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings restated a “hold (c)” rating on shares of Taboola.com in a research report on Tuesday, April 21st. Finally, Wall Street Zen cut shares of Taboola.com from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 28th. Four research 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 stock currently has an average rating of “Moderate Buy” and a consensus price target of $5.88.

Taboola.com Trading Up 0.8%

Taboola.com stock opened at $5.25 on Thursday. The stock has a market cap of $1.28 billion, a P/E ratio of 13.82 and a beta of 1.43. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.13 and a quick ratio of 1.07. Taboola.com has a 1 year low of $2.84 and a 1 year high of $5.26. The firm’s 50 day moving average price is $3.41 and its 200-day moving average price is $3.73.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.21. Taboola.com had a net margin of 5.64% and a return on equity of 10.72%. The company had revenue of $466.40 million for the quarter, compared to analysts’ expectations of $453.30 million. During the same quarter in the previous year, the business posted ($0.03) earnings per share. Taboola.com’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities analysts predict that Taboola.com will post 0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TBLA. Baird Financial Group Inc. purchased a new position in Taboola.com during the first quarter worth $59,000. AQR Capital Management LLC boosted its stake in Taboola.com by 60.6% during the first quarter. AQR Capital Management LLC now owns 998,731 shares of the company’s stock worth $2,946,000 after buying an additional 376,684 shares during the period. Empowered Funds LLC boosted its stake in Taboola.com by 41.1% during the first quarter. Empowered Funds LLC now owns 722,984 shares of the company’s stock worth $2,133,000 after buying an additional 210,562 shares during the period. Creative Planning purchased a new position in Taboola.com during the second quarter worth $154,000. Finally, American Century Companies Inc. boosted 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 buying an additional 76,640 shares during the period. 42.89% of the stock is owned by hedge funds and other institutional investors.

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.