Taboola.com Ltd. (NASDAQ:TBLA) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Taboola.com Ltd. (NASDAQ:TBLAGet Rating) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $10.44.

Several research analysts have commented on TBLA shares. Cowen dropped their price objective on shares of Taboola.com from $13.00 to $9.00 in a report on Monday, May 16th. Susquehanna Bancshares decreased their target price on shares of Taboola.com from $15.00 to $10.00 and set a “positive” rating on the stock in a research report on Thursday, February 24th. JMP Securities restated a “buy” rating and set a $12.00 target price on shares of Taboola.com in a research report on Wednesday, March 30th. Finally, Susquehanna cut shares of Taboola.com from a “positive” rating to a “neutral” rating and decreased their target price for the company from $10.00 to $3.50 in a research report on Monday, May 16th.

A number of institutional investors have recently bought and sold shares of the stock. Evergreen Venture Partners Ltd. purchased a new stake in Taboola.com in the 4th quarter worth about $188,862,000. Phoenix Holdings Ltd. raised its position in Taboola.com by 4,202.1% in the 4th quarter. Phoenix Holdings Ltd. now owns 5,064,658 shares of the company’s stock worth $39,349,000 after purchasing an additional 4,946,933 shares during the period. Cannell Capital LLC raised its position in Taboola.com by 46.7% in the 1st quarter. Cannell Capital LLC now owns 4,982,409 shares of the company’s stock worth $25,709,000 after purchasing an additional 1,587,157 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its position in Taboola.com by 73.2% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,063,235 shares of the company’s stock worth $31,612,000 after purchasing an additional 1,717,567 shares during the period. Finally, Ion Asset Management Ltd. raised its position in Taboola.com by 11.9% in the 4th quarter. Ion Asset Management Ltd. now owns 4,013,480 shares of the company’s stock worth $31,225,000 after purchasing an additional 427,068 shares during the period. 46.49% of the stock is currently owned by institutional investors.

TBLA opened at $2.60 on Thursday. The firm has a 50-day simple moving average of $3.57 and a two-hundred day simple moving average of $5.40. Taboola.com has a 52 week low of $2.50 and a 52 week high of $11.44. The company has a market capitalization of $608.48 million, a PE ratio of -1.98 and a beta of 1.03. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.36.

About Taboola.com (Get Rating)

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

Featured Stories

Analyst Recommendations for Taboola.com (NASDAQ:TBLA)

Receive News & Ratings for Taboola.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taboola.com and related companies with MarketBeat.com's FREE daily email newsletter.