Zvi Limon Acquires 168,506 Shares of Taboola.com Ltd. (NASDAQ:TBLA) Stock

Taboola.com Ltd. (NASDAQ:TBLA) Director Zvi Limon acquired 168,506 shares of the stock in a transaction dated Thursday, February 27th. The stock was bought at an average price of $2.93 per share, with a total value of $493,722.58. Following the purchase, the director now directly owns 2,987,383 shares in the company, valued at $8,753,032.19. This represents a 5.98 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Taboola.com Price Performance

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

Taboola.com announced that its Board of Directors has initiated a stock buyback program on Wednesday, February 26th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to reacquire up to 22.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Taboola.com

A number of institutional investors and hedge funds have recently bought and sold shares of TBLA. Harbor Capital Advisors Inc. boosted its holdings in Taboola.com by 22.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 33,051 shares of the company’s stock worth $121,000 after acquiring an additional 6,094 shares during the last quarter. Meitav Investment House Ltd. lifted its position in shares of Taboola.com by 9.4% during the fourth quarter. Meitav Investment House Ltd. now owns 75,500 shares of the company’s stock valued at $279,000 after purchasing an additional 6,500 shares in the last quarter. Tidal Investments LLC grew its position in Taboola.com by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 183,856 shares of the company’s stock worth $618,000 after purchasing an additional 8,127 shares in the last quarter. Wolverine Trading LLC grew its position in 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 in the last quarter. Finally, Intellectus Partners LLC increased its stake in Taboola.com by 4.5% in the 3rd quarter. Intellectus Partners LLC now owns 367,668 shares of the company’s stock valued at $1,235,000 after buying an additional 16,000 shares during the last quarter. 42.89% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on TBLA shares. Oppenheimer reaffirmed a “market perform” rating on shares of Taboola.com in a research note on Wednesday. JMP Securities dropped their price target on 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. Benchmark reissued a “buy” rating and issued a $5.00 price objective on shares of Taboola.com in a research note on Tuesday, February 25th. Citizens Jmp downgraded Taboola.com from an “outperform” rating to a “market perform” rating in a report on Thursday. Finally, Needham & Company LLC cut their target price on Taboola.com from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.50.

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.