According to Fintel, on May 23, 2023, Needham reiterated its coverage of Taboola.com (NASDAQ:TBLA) with a Buy recommendation.
Analyst Price Forecast Indicates a 79.80% Upside
As of May 11, 2023, the average one-year price target for Taboola.com is $5.30. The price estimates range from a low of $4.04 to a high of $6.30. The average price target suggests an increase of 79.80% from its latest reported closing price of $2.95.
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The estimated annual revenue for Taboola.com is $1,455 million, marking a 5.89% increase. The estimated annual non-GAAP earnings per share (EPS) is $0.27.
What is the Sentiment for this Stock?
There are 119 funds or institutions reporting positions in Taboola.com. This represents an increase of 1 owner or 0.85% in the last quarter. The average portfolio weight of all funds invested in TBLA is 0.62%, which is a decrease of 15.86%. The institutions’ total shares in the company increased by 4.03% over the last three months to 94,714K shares. The put/call ratio of TBLA is 0.11, indicating a bullish outlook.
What are Other Shareholders Doing?
Evergreen Venture Partners holds 24,275K shares of Taboola.com, representing 7.07% ownership of the company. There was no change from the previous quarter.
Wellington Management Group Llp holds 13,554K shares, representing 3.95% ownership of the company. Previously, the firm reported owning 9,315K shares, indicating an increase of 31.27%. However, during the last quarter, Wellington Management Group Llp reduced its portfolio allocation in TBLA by 82.08%.
Invus Financial Advisors holds 9,969K shares, representing 2.91% ownership of the company. In the prior filing, the firm reported owning 7,820K shares, indicating an increase of 21.56%. The firm increased its portfolio allocation in TBLA by 37.82% over the last quarter.
Phoenix Holdings holds 4,752K shares, representing 1.38% ownership of the company. There was no change from the previous quarter.
About Taboola.com
(This description is provided by the company.)
Taboola powers the discovery of content on the open web, utilizing artificial intelligence to suggest content of interest to individuals. This platform is used by various digital properties across websites, devices, and mobile apps to drive monetization and engagement. Some of Taboola’s partnerships are with top digital properties like CNBC, BBC, NBC News, Business Insider, The Independent, and El Mundo. More than 14,000 advertisers employ Taboola to reach out to over 500 million daily active users in a brand-safe environment. Following the acquisition of Connexity in 2021, Taboola became a top leader in e-commerce recommendations, resulting in more than 1 million monthly transactions, with Walmart, Macy’s, Wayfair, Skechers, and eBay among its major clients.
Key filings for this company:
This article was originally published on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
