Taboola.com’s (TBLA) “Buy” Rating Reiterated at Benchmark

Benchmark reaffirmed their buy rating on shares of Taboola.com (NASDAQ:TBLA) in a report released on Tuesday morning,Benzinga reports. Benchmark currently has a $5.00 target price on the stock.

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

Taboola.com Stock Performance

Shares of TBLA stock opened at $2.82 on Tuesday. The firm has a market capitalization of $823.43 million, a price-to-earnings ratio of -28.20 and a beta of 1.27. The stock has a fifty day moving average of $3.72 and a 200 day moving average of $3.54. Taboola.com has a 52 week low of $2.82 and a 52 week high of $4.96. 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 announced that its board has authorized a stock repurchase program on Wednesday, February 26th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 22.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Taboola.com by 37.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 373,075 shares of the company’s stock valued at $1,362,000 after acquiring an additional 101,677 shares in the last quarter. 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. Sphera Management Technology Funds Ltd bought a new stake in Taboola.com during the 4th quarter valued at about $730,000. Squarepoint Ops LLC increased its stake in Taboola.com by 168.1% during the 4th quarter. Squarepoint Ops LLC now owns 150,793 shares of the company’s stock valued at $550,000 after purchasing an additional 94,555 shares in the last quarter. Finally, Two Sigma Advisers LP raised its holdings in Taboola.com by 184.9% in the fourth quarter. Two Sigma Advisers LP now owns 355,000 shares of the company’s stock worth $1,296,000 after buying an additional 230,400 shares during the last quarter. Hedge funds and other institutional investors 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.