Taboola.com (NASDAQ:TBLA) Earns Market Perform Rating from Oppenheimer

Taboola.com (NASDAQ:TBLA)‘s stock had its “market perform” rating reiterated by analysts at Oppenheimer in a research report issued on Wednesday, MarketBeat reports.

TBLA has been the subject of a number of other reports. Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 price objective on shares of Taboola.com in a report on Friday, January 17th. JMP Securities dropped their target price on shares of Taboola.com from $6.00 to $5.00 and set a “market outperform” rating for the company in a research report on Monday, January 27th. Finally, Benchmark reiterated a “buy” rating and issued a $5.00 price target on shares of Taboola.com in a report on Tuesday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Taboola.com presently has an average rating of “Moderate Buy” and a consensus price target of $4.80.

Taboola.com Stock Performance

NASDAQ TBLA opened at $2.82 on Wednesday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Taboola.com has a twelve month low of $2.82 and a twelve month high of $4.96. The business has a 50-day moving average price of $3.72 and a 200-day moving average price of $3.54. The firm has a market cap of $823.43 million, a price-to-earnings ratio of -28.20 and a beta of 1.27.

Taboola.com announced that its board has authorized a share repurchase program on Wednesday, February 26th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 22.2% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Institutional Trading of Taboola.com

Hedge funds have recently made changes to their positions in the business. Aigen Investment Management LP purchased a new stake in Taboola.com during the 3rd quarter valued at $63,000. Wolverine Trading LLC boosted its stake in shares of Taboola.com by 98.4% during the 4th quarter. Wolverine Trading LLC now owns 17,063 shares of the company’s stock worth $63,000 after purchasing an additional 8,463 shares during the period. R Squared Ltd bought a new position in Taboola.com during the 4th quarter valued at about $68,000. Virtu Financial LLC purchased a new stake in Taboola.com in the 4th quarter worth about $81,000. Finally, Aquatic Capital Management LLC bought a new stake in Taboola.com in the fourth quarter worth about $103,000. 42.89% of the stock is currently owned by hedge funds and other institutional investors.

About Taboola.com

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.