Taboola.com Ltd. (NASDAQ:TBLA) Receives $5.00 Average PT from Brokerages

Shares of Taboola.com Ltd. (NASDAQ:TBLA) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $4.50.

TBLA has been the topic of a number of research reports. B. Riley downgraded shares of Taboola.com from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $5.00 to $4.00 in a report on Thursday, February 27th. Citizens Jmp downgraded shares of Taboola.com from an “outperform” rating to a “market perform” rating in a report on Thursday, February 27th. Needham & Company LLC reduced their target price on shares of Taboola.com from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. JMP Securities cut 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. Finally, Benchmark reiterated a “buy” rating and set a $5.00 price target on shares of Taboola.com in a report on Tuesday, February 25th.

Insider Activity at Taboola.com

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

Hedge Funds Weigh In On Taboola.com

A number of hedge funds have recently added to or reduced their stakes in TBLA. Aigen Investment Management LP bought a new position in Taboola.com in the 3rd quarter worth about $63,000. Wolverine Trading LLC lifted 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 purchasing an additional 8,463 shares during the period. R Squared Ltd purchased a new stake in shares of Taboola.com in the 4th quarter worth approximately $68,000. Virtu Financial LLC purchased a new stake in shares of Taboola.com in the 4th quarter worth approximately $81,000. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Taboola.com in the 4th quarter worth approximately $103,000. 42.89% of the stock is currently owned by institutional investors.

Taboola.com Stock Performance

Taboola.com stock opened at $3.03 on Thursday. The company’s 50-day moving average price is $3.64 and its 200-day moving average price is $3.53. Taboola.com has a twelve month low of $2.69 and a twelve month high of $4.66. 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 company has a market cap of $892.83 million, a PE ratio of -30.30 and a beta of 1.27.

Taboola.com declared that its Board of Directors has approved a stock repurchase plan on Wednesday, February 26th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 22.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

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.