TD Cowen Issues Positive Forecast for Taboola.com (NASDAQ:TBLA) Stock Price

by · The Cerbat Gem

Taboola.com (NASDAQ:TBLA – Get Free Report) had its price target upped by investment analysts at TD Cowen from $4.00 to $6.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. TD Cowen’s price target would suggest a potential upside of 16.62% from the company’s current price.

Several other research firms have also recently commented on TBLA. Weiss Ratings reiterated a “hold (c)” rating on shares of Taboola.com in a report on Tuesday, April 21st. Needham & Company LLC lifted their price target on Taboola.com from $4.50 to $5.50 and gave the stock a “buy” rating in a report on Thursday. Zacks Research cut Taboola.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Benchmark raised their target price on Taboola.com from $4.50 to $6.50 and gave the stock a “buy” rating in a research report on Thursday. Finally, Wall Street Zen upgraded Taboola.com from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $5.90.

View Our Latest Research Report on Taboola.com

Taboola.com Stock Down 2.0%

Shares of TBLA traded down $0.11 during mid-day trading on Monday, hitting $5.15. 2,293,721 shares of the company’s stock were exchanged, compared to its average volume of 1,872,700. The stock’s 50-day moving average is $3.41 and its 200-day moving average is $3.73. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.13 and a current ratio of 1.13. Taboola.com has a fifty-two week low of $2.84 and a fifty-two week high of $5.26. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 13.54 and a beta of 1.43.

Taboola.com (NASDAQ:TBLA – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.21. Taboola.com had a net margin of 5.64% and a return on equity of 10.72%. The firm had revenue of $466.40 million during 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. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Taboola.com will post 0.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Taboola.com

A number of institutional investors have recently modified their holdings of the business. LSV Asset Management grew its position in Taboola.com by 2,001.4% during the 3rd quarter. LSV Asset Management now owns 1,983,558 shares of the company’s stock worth $6,764,000 after purchasing an additional 1,889,168 shares during the last quarter. AlpInvest Partners B.V. purchased a new stake in Taboola.com in the 3rd quarter valued at approximately $1,028,000. Quent Capital LLC purchased a new stake in shares of Taboola.com in the fourth quarter valued at approximately $968,000. SG Americas Securities LLC grew its holdings in Taboola.com by 51.1% during the fourth quarter. SG Americas Securities LLC now owns 17,579 shares of the company’s stock worth $81,000 after acquiring an additional 5,944 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in Taboola.com by 16.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 63,574 shares of the company’s stock worth $273,000 after acquiring an additional 8,886 shares in the last quarter. 42.89% of the stock is owned by institutional investors and hedge funds.

About Taboola.com

(Get Free Report)

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.

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