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

Taboola.com Ltd. (NASDAQ:TBLA) has earned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $4.50.

A number of equities research analysts have recently commented on TBLA shares. Benchmark reaffirmed a “buy” rating and set a $5.00 price target on shares of Taboola.com in a research report on Tuesday, February 25th. B. Riley cut shares of Taboola.com from a “buy” rating to a “neutral” rating and reduced their price target for the company from $5.00 to $4.00 in a report on Thursday, February 27th. JMP Securities lowered their price objective on shares of Taboola.com from $6.00 to $5.00 and set a “market outperform” rating for the company in a research report on Monday, January 27th. Citizens Jmp cut shares of Taboola.com from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 27th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Taboola.com in a report on Wednesday, February 26th.

Insiders Place Their Bets

In related news, Director Zvi Limon purchased 168,506 shares of the stock in a transaction on Thursday, February 27th. The shares were purchased at an average price of $2.93 per share, with a total value of $493,722.58. Following the transaction, the director now directly owns 2,987,383 shares of the company’s stock, valued at $8,753,032.19. This trade represents a 5.98 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Adam Singolda acquired 60,229 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of $2.72 per share, with a total value of $163,822.88. Following the acquisition, the chief executive officer now owns 14,462,943 shares in the company, valued at $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 22.40% of the company’s stock.

Institutional Trading of Taboola.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. increased its stake in shares of 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 purchasing an additional 6,094 shares during the last quarter. Meitav Investment House Ltd. increased its position in Taboola.com by 9.4% during the fourth quarter. Meitav Investment House Ltd. now owns 75,500 shares of the company’s stock worth $279,000 after buying an additional 6,500 shares during the last quarter. Tidal Investments LLC increased its position in Taboola.com by 4.6% during the third quarter. Tidal Investments LLC now owns 183,856 shares of the company’s stock worth $618,000 after buying an additional 8,127 shares during the last quarter. Wolverine Trading LLC raised its stake in Taboola.com by 98.4% in the fourth quarter. Wolverine Trading LLC now owns 17,063 shares of the company’s stock valued at $63,000 after buying an additional 8,463 shares during the period. Finally, State Street Corp lifted its position 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 buying an additional 16,055 shares during the last quarter. 42.89% of the stock is owned by institutional investors.

Taboola.com Stock Performance

Shares of Taboola.com stock opened at $2.92 on Monday. The stock’s fifty day simple moving average is $3.45 and its 200 day simple moving average is $3.50. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $860.42 million, a PE ratio of -29.20 and a beta of 1.33. Taboola.com has a 12 month low of $2.69 and a 12 month high of $4.60.

Taboola.com announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 26th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 22.2% of its stock through open market purchases. Stock repurchase plans are often a sign 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.