Taboola.com (NASDAQ:TBLA) Coverage Initiated at Needham & Company LLC

Stock analysts at Needham & Company LLC assumed coverage on shares of Taboola.com (NASDAQ:TBLA) in a report released on Friday, TipRanks reports. The firm set a “buy” rating and a $13.00 price target on the stock. Needham & Company LLC’s price target suggests a potential upside of 48.57% from the stock’s current price.

A number of other research firms have also recently weighed in on TBLA. Credit Suisse Group began coverage on shares of Taboola.com in a research note on Tuesday. They set an “outperform” rating and a $14.00 target price on the stock. Cowen began coverage on shares of Taboola.com in a research note on Monday, July 12th. They issued an “outperform” rating and a $14.00 price objective on the stock. Oppenheimer started coverage on shares of Taboola.com in a research note on Monday, August 2nd. They issued an “outperform” rating and a $14.00 price objective on the stock. Susquehanna initiated coverage on shares of Taboola.com in a research report on Wednesday, June 30th. They set a “positive” rating and a $23.00 price target on the stock. Finally, JMP Securities initiated coverage on shares of Taboola.com in a report on Thursday, July 1st. They set an “outperform” rating and a $17.00 price objective on the stock. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $15.83.

Shares of NASDAQ TBLA remained flat at $$8.75 during midday trading on Friday. 12,612 shares of the stock were exchanged, compared to its average volume of 623,404. The company has a fifty day simple moving average of $9.12. Taboola.com has a 52 week low of $7.75 and a 52 week high of $11.44.

Taboola.com (NASDAQ:TBLA) last posted its earnings results on Tuesday, August 10th. The company reported ($1.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($1.16). The business had revenue of $329.07 million for the quarter, compared to analysts’ expectations of $320.50 million. As a group, research analysts predict that Taboola.com will post -0.13 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in TBLA. Penserra Capital Management LLC bought a new position in shares of Taboola.com during the 2nd quarter valued at approximately $79,000. Berkley W R Corp bought a new position in shares of Taboola.com during the 2nd quarter valued at approximately $245,000. Levin Capital Strategies L.P. bought a new position in Taboola.com in the 2nd quarter worth approximately $311,000. Noked Capital LTD bought a new position in Taboola.com in the 2nd quarter worth approximately $1,035,000. Finally, Geode Capital Management LLC bought a new position in Taboola.com in the 2nd quarter worth approximately $1,369,000.

About Taboola.com

Taboola.com, Ltd. operates a content discovery and native advertising platform for people, advertisers, and digital properties. It offers Taboola, a platform that helps people to find relevant content online, matching them with news stories, articles, blogs, videos, apps, products, and other content they want to explore; helps advertisers promote their brand to their audience; and provides new engagement and monetization opportunities to publishers, mobile carriers, and other digital properties.

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Analyst Recommendations for Taboola.com (NASDAQ:TBLA)

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