Taboola.com (NASDAQ:TBLA) Receives Buy Rating from Benchmark

Benchmark restated their buy rating on shares of Taboola.com (NASDAQ:TBLA) in a report published on Thursday,Benzinga reports. They currently have a $4.50 price target on the stock.

A number of other equities analysts have also recently issued reports on TBLA. Citizens Jmp cut Taboola.com from an “outperform” rating to a “market perform” rating in a report on Thursday, February 27th. B. Riley cut shares of Taboola.com from a “buy” rating to a “neutral” rating and cut their price target for the stock from $5.00 to $4.00 in a report on Thursday, February 27th. Needham & Company LLC restated a “buy” rating and set a $4.00 price target on shares of Taboola.com in a research report on Thursday. JMP Securities decreased their price objective on Taboola.com from $6.00 to $5.00 and set a “market outperform” rating for the company in a report on Monday, January 27th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Taboola.com in a report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $4.38.

Taboola.com Price Performance

Shares of TBLA opened at $3.03 on Thursday. The company has a market capitalization of $892.83 million, a price-to-earnings ratio of -30.30 and a beta of 1.33. Taboola.com has a 1 year low of $2.69 and a 1 year high of $4.60. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 1.31. The business has a 50-day moving average of $3.41 and a 200-day moving average of $3.49.

Taboola.com announced that its Board of Directors has initiated a share buyback plan on Wednesday, February 26th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to reacquire up to 22.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Insider Activity at Taboola.com

In other Taboola.com news, Director Zvi Limon acquired 168,506 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was acquired at an average price of $2.93 per share, for a total transaction of $493,722.58. Following the acquisition, the director now owns 2,987,383 shares in the company, valued at $8,753,032.19. This represents a 5.98 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Adam Singolda acquired 60,229 shares of Taboola.com stock in a transaction on Friday, February 28th. The shares were bought at an average cost of $2.72 per share, for a total transaction of $163,822.88. Following the completion of the transaction, the chief executive officer now owns 14,462,943 shares in the company, valued at approximately $39,339,204.96. This trade represents a 0.42 % increase in their position. The disclosure for this purchase can be found here. 22.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Taboola.com

Several large investors have recently made changes to their positions in the business. Wolverine Trading LLC grew its position in Taboola.com by 98.4% during the 4th quarter. Wolverine Trading LLC now owns 17,063 shares of the company’s stock valued at $63,000 after purchasing an additional 8,463 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Taboola.com during the 4th quarter valued at about $68,000. Virtu Financial LLC bought a new stake in shares of Taboola.com during the 4th quarter valued at $81,000. Aquatic Capital Management LLC bought a new position in shares of Taboola.com in the fourth quarter worth about $103,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Taboola.com in the fourth quarter worth approximately $109,000. 42.89% of the stock is currently owned by hedge funds and other institutional investors.

Taboola.com Company Profile

Taboola.com Ltd., together with its subsidiaries, operates an artificial intelligence-based algorithmic engine platform in Israel, the United States, 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.