Taboola.com Ltd. (NASDAQ:TBLA) Receives $5.00 Consensus Price Target from Brokerages

Shares of Taboola.com Ltd. (NASDAQ:TBLA) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $4.50.

Several research analysts have issued reports on TBLA shares. Benchmark reaffirmed a “buy” rating and issued a $5.00 price target on shares of Taboola.com in a report on Tuesday, February 25th. Citizens Jmp downgraded shares of Taboola.com from an “outperform” rating to a “market perform” rating in a research note on Thursday. JMP Securities lowered their price target on shares of Taboola.com from $6.00 to $5.00 and set a “market outperform” rating on the stock in a report on Monday, January 27th. Needham & Company LLC lowered their price target on shares of Taboola.com from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday. Finally, B. Riley cut shares of Taboola.com from a “buy” rating to a “neutral” rating and lowered their price target for the company from $5.00 to $4.00 in a report on Thursday.

Taboola.com Stock Performance

Shares of TBLA stock opened at $2.73 on Thursday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average of $3.70 and a two-hundred day moving average of $3.54. Taboola.com has a 52 week low of $2.69 and a 52 week high of $4.76. The company has a market cap of $797.15 million, a P/E ratio of -27.30 and a beta of 1.27.

Taboola.com announced that its board has approved a stock buyback plan on Wednesday, February 26th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 22.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Taboola.com

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

Institutional Investors Weigh In On Taboola.com

Several hedge funds have recently modified their holdings of the company. Wolverine Trading LLC raised its position in shares of Taboola.com by 98.4% in the 4th quarter. Wolverine Trading LLC now owns 17,063 shares of the company’s stock worth $63,000 after acquiring an additional 8,463 shares in the last quarter. Aigen Investment Management LP purchased a new position in shares of Taboola.com in the 3rd quarter worth approximately $63,000. R Squared Ltd bought a new stake in shares of Taboola.com in the 4th quarter worth approximately $68,000. Virtu Financial LLC bought a new stake in shares of Taboola.com in the 4th quarter worth approximately $81,000. Finally, Aquatic Capital Management LLC bought a new stake in shares of Taboola.com in the 4th quarter worth approximately $103,000. Institutional investors and hedge funds own 42.89% of the company’s stock.

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.