Taboola.com (NASDAQ:TBLA) Issues Earnings Results, Beats Expectations By $0.05 EPS

Taboola.com (NASDAQ:TBLAGet Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.05, Briefing.com reports. The firm had revenue of $419.80 million during the quarter, compared to analyst estimates of $436.96 million. Taboola.com had a negative return on equity of 1.11% and a negative net margin of 5.07%. The business’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the company posted $0.11 EPS. Taboola.com updated its FY 2024 guidance to EPS and its Q1 2024 guidance to EPS.

Taboola.com Stock Performance

Shares of Taboola.com stock opened at $4.46 on Thursday. Taboola.com has a one year low of $2.16 and a one year high of $5.00. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of -23.47 and a beta of 1.42. The business has a 50-day simple moving average of $4.46 and a 200 day simple moving average of $3.97. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.28 and a quick ratio of 1.28.

Insider Activity at Taboola.com

In related news, CTO Lior Golan sold 21,369 shares of the business’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $3.93, for a total value of $83,980.17. Following the completion of the sale, the chief technology officer now directly owns 2,545,291 shares of the company’s stock, valued at approximately $10,002,993.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Taboola.com news, CTO Lior Golan sold 21,369 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $3.93, for a total transaction of $83,980.17. Following the completion of the sale, the chief technology officer now directly owns 2,545,291 shares of the company’s stock, valued at approximately $10,002,993.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Eldad Maniv sold 142,749 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $4.38, for a total value of $625,240.62. Following the sale, the chief operating officer now directly owns 9,399,280 shares of the company’s stock, valued at $41,168,846.40. The disclosure for this sale can be found here. Insiders sold 562,315 shares of company stock valued at $2,387,493 in the last three months. Corporate insiders own 23.49% of the company’s stock.

Institutional Trading of Taboola.com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in Taboola.com during the 4th quarter worth approximately $168,000. GSA Capital Partners LLP increased its holdings in Taboola.com by 292.4% during the 4th quarter. GSA Capital Partners LLP now owns 657,758 shares of the company’s stock worth $2,848,000 after purchasing an additional 490,149 shares in the last quarter. Barclays PLC grew its holdings in shares of Taboola.com by 56.2% in the fourth quarter. Barclays PLC now owns 75,108 shares of the company’s stock valued at $325,000 after acquiring an additional 27,028 shares in the last quarter. Sphera Funds Management LTD. bought a new position in shares of Taboola.com in the fourth quarter valued at approximately $7,469,000. Finally, Vanguard Group Inc. grew its holdings in shares of Taboola.com by 459.2% in the fourth quarter. Vanguard Group Inc. now owns 642,896 shares of the company’s stock valued at $2,784,000 after acquiring an additional 527,937 shares in the last quarter. 30.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TBLA shares. TheStreet raised Taboola.com from a “d+” rating to a “c-” rating in a research note on Friday, January 19th. Needham & Company LLC boosted their price objective on Taboola.com from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Wednesday. Benchmark reissued a “buy” rating and issued a $6.00 price objective on shares of Taboola.com in a research note on Tuesday, December 19th. Finally, B. Riley boosted their price objective on Taboola.com from $5.00 to $6.00 and gave the company a “buy” rating in a research note on Thursday, December 21st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $5.34.

Read Our Latest Research Report on Taboola.com

About Taboola.com

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Taboola.com Ltd., together with its subsidiaries, operates an artificial intelligence-based algorithmic engine platform in the United States, Israel, the United Kingdom, Germany, and internationally. It offers Taboola, a platform that partners with websites, devices, and mobile apps to recommend editorial content and advertisements on the open web to users.

See Also

Earnings History for Taboola.com (NASDAQ:TBLA)

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