Taboola.com (NASDAQ:TBLA) Hits New 12-Month High – Here’s Why

Taboola.com Ltd. (NASDAQ:TBLA)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $5.26 and last traded at $5.16, with a volume of 2940364 shares traded. The stock had previously closed at $5.13.

Wall Street Analyst Weigh In

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

Taboola.com Stock Performance

The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.07. The stock has a 50 day simple moving average of $3.53 and a 200 day simple moving average of $3.77. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 13.58 and a beta of 1.43.

Taboola.com (NASDAQ:TBLA) last issued its earnings results on Wednesday, May 6th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.21. Taboola.com had a return on equity of 10.72% and a net margin of 5.64%.The company had revenue of $466.40 million during the quarter, compared to the consensus estimate of $453.30 million. During the same period in the previous year, the firm posted ($0.03) earnings per share. Taboola.com’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, analysts anticipate that Taboola.com Ltd. will post 0.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Taboola.com

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP acquired a new position in Taboola.com in the third quarter valued at approximately $42,000. Headlands Technologies LLC acquired a new position in Taboola.com in the second quarter valued at approximately $43,000. Captrust Financial Advisors acquired a new position in Taboola.com in the second quarter valued at approximately $46,000. Abacus Wealth Partners LLC acquired a new position in Taboola.com in the fourth quarter valued at approximately $48,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Taboola.com in the third quarter valued at approximately $54,000. 42.89% of the stock is currently owned by institutional investors and hedge funds.

Taboola.com Company Profile

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.