Taboola.com (NASDAQ:TBLA) Receives “Market Perform” Rating from Oppenheimer

Oppenheimer reaffirmed their market perform rating on shares of Taboola.com (NASDAQ:TBLA) in a research report report published on Wednesday morning, Marketbeat reports.

Several other equities analysts have also weighed in on the company. JMP Securities cut their target price 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. Needham & Company LLC restated a “buy” rating and set a $5.00 price objective on shares of Taboola.com in a report on Friday, January 17th. Finally, Benchmark reiterated a “buy” rating and issued a $5.00 target price on shares of Taboola.com in a report on Tuesday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $5.25.

Taboola.com Stock Performance

TBLA stock opened at $3.09 on Wednesday. Taboola.com has a twelve month low of $2.87 and a twelve month 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. The company has a market cap of $902.27 million, a P/E ratio of -30.90 and a beta of 1.27. The business’s fifty day moving average is $3.74 and its 200-day moving average is $3.55.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in shares of Taboola.com by 54.7% during the third quarter. JPMorgan Chase & Co. now owns 727,181 shares of the company’s stock worth $2,443,000 after acquiring an additional 257,009 shares in the last quarter. Empowered Funds LLC increased its holdings in Taboola.com by 410.5% during the 4th quarter. Empowered Funds LLC now owns 512,422 shares of the company’s stock worth $1,870,000 after purchasing an additional 412,042 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Taboola.com by 22.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 33,051 shares of the company’s stock valued at $121,000 after purchasing an additional 6,094 shares during the period. Barclays PLC raised its stake in shares of Taboola.com by 1,218.5% in the 3rd quarter. Barclays PLC now owns 36,431 shares of the company’s stock valued at $122,000 after purchasing an additional 33,668 shares during the period. Finally, State Street Corp lifted its holdings in shares of Taboola.com by 5.5% in the third quarter. State Street Corp now owns 305,350 shares of the company’s stock valued at $1,026,000 after purchasing an additional 16,055 shares in the last quarter. 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.