Taboola.com Ltd. (NASDAQ:TBLA) Receives $4.25 Average PT from Analysts

Shares of Taboola.com Ltd. (NASDAQ:TBLA) have received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $4.25.

Several brokerages have recently issued reports on TBLA. Needham & Company LLC reissued a “buy” rating and set a $4.00 price target on shares of Taboola.com in a research report on Thursday, March 27th. JMP Securities reduced 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 report on Monday, January 27th. Oppenheimer reaffirmed a “market perform” rating on shares of Taboola.com in a report on Wednesday, February 26th. Benchmark reduced their target price on shares of Taboola.com from $4.50 to $4.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Finally, B. Riley raised shares of Taboola.com from a “neutral” rating to a “buy” rating and set a $4.00 target price on the stock in a report on Thursday, May 8th.

Insider Transactions at Taboola.com

In related news, Director Zvi Limon acquired 168,506 shares of Taboola.com stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of $2.93 per share, for a total transaction of $493,722.58. Following the transaction, the director now owns 2,987,383 shares of the company’s stock, valued at $8,753,032.19. This represents a 5.98% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam Singolda acquired 60,229 shares of Taboola.com stock in a transaction dated Friday, February 28th. The shares were 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 disclosure for this purchase can be found here. Insiders own 24.70% of the company’s stock.

Institutional Trading of Taboola.com

Several institutional investors have recently modified their holdings of TBLA. CWM LLC lifted its position in shares of Taboola.com by 65.8% during the 1st quarter. CWM LLC now owns 11,348 shares of the company’s stock worth $33,000 after buying an additional 4,502 shares during the last quarter. Baird Financial Group Inc. purchased a new stake in shares of Taboola.com during the 1st quarter worth approximately $59,000. Wolverine Trading LLC lifted its position in shares of Taboola.com by 98.4% during the 4th quarter. Wolverine Trading LLC now owns 17,063 shares of the company’s stock worth $63,000 after buying an additional 8,463 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Taboola.com during the 4th quarter worth approximately $68,000. Finally, Virtu Financial LLC purchased a new stake in shares of Taboola.com during the 4th quarter worth approximately $81,000. Hedge funds and other institutional investors own 42.89% of the company’s stock.

Taboola.com Stock Down 0.3%

Shares of TBLA opened at $3.40 on Tuesday. The stock has a market capitalization of $1.09 billion, a PE ratio of -34.00 and a beta of 1.21. Taboola.com has a 1 year low of $2.50 and a 1 year high of $4.30. 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 company’s 50-day simple moving average is $2.97 and its 200-day simple moving average is $3.38.

Taboola.com announced that its board has authorized a share repurchase program on Wednesday, February 26th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 22.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are 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.