Fubotv earnings beat by $0.10, revenue topped estimates
In a recent transaction filed with the Securities and Exchange Commission, Limon Zvi, a director at Taboola.com Ltd. (NASDAQ:TBLA), acquired a substantial number of ordinary shares. On February 28, 2025, Zvi purchased 168,506 shares at an average price of $2.79 per share, amounting to a total investment of $470,131. According to InvestingPro data, this insider purchase comes as the stock trades near its 52-week low of $2.69, with shares down 25% in the past week alone.
The shares were acquired indirectly through a trust, which benefits Zvi’s spouse. Following this transaction, Zvi holds a total of 3,155,889 shares indirectly. Additionally, Zvi directly owns 187,759 shares, which includes 59,172 restricted share units (RSUs) set to vest on May 1, 2025, contingent on continued service. The company maintains strong financial health with more cash than debt on its balance sheet and a current ratio of 1.35x.
This move reflects Zvi’s increased stake in Taboola, a company known for its content discovery and advertising platform. The weighted average purchase price was calculated based on multiple trades executed at prices ranging from $2.74 to $2.85. InvestingPro analysis suggests the stock is currently undervalued, with analysts setting price targets between $4.00 and $4.50. Discover 13 additional exclusive ProTips and comprehensive analysis in the Pro Research Report.
In other recent news, Taboola reported its fourth-quarter earnings for 2024, revealing a slight miss on earnings per share (EPS) and revenue compared to market expectations. The company posted an EPS of $0.10, falling short of the $0.11 forecast, with revenue at $410 million versus the anticipated $476.56 million. For the full year, Taboola achieved revenues of $1.77 billion, with a 25% increase in Ex TAC Gross Profit and a notable growth in adjusted EBITDA and free cash flow. Despite these achievements, several analyst firms have revised their outlooks on Taboola. Benchmark lowered the price target to $4.50 while maintaining a Buy rating, citing disappointing growth projections for the company’s native advertising business.
B.Riley downgraded Taboola from Buy to Neutral, reducing the price target to $4.00, and noted the company’s strong adjusted EBITDA margins and cash flow as potential stabilizing factors. Citizens JMP also downgraded Taboola to Market Perform, highlighting a significant shortfall in the company’s 2025 guidance compared to Wall Street expectations. Taboola’s new product, Realize, aims to transition the company from native advertising to performance marketing, although its initial market strategy appears unclear. These developments indicate a period of adjustment for Taboola as it navigates its strategic transition and seeks to leverage new market opportunities.
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