Taboola.com Ltd. (NASDAQ:TBLA) Director Zvi Limon Buys 168,506 Shares

Taboola.com Ltd. (NASDAQ:TBLA) Director Zvi Limon acquired 168,506 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of $2.93 per share, for a total transaction of $493,722.58. Following the completion of the acquisition, the director now directly owns 2,987,383 shares in the company, valued at approximately $8,753,032.19. The trade was a 5.98 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Taboola.com Trading Down 3.2 %

Shares of TBLA stock opened at $2.73 on Friday. The firm has a market cap of $797.15 million, a P/E ratio of -27.30 and a beta of 1.27. 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 Ltd. has a 12-month low of $2.69 and a 12-month high of $4.76. The business has a 50-day moving average price of $3.70 and a two-hundred day moving average price of $3.54.

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

Hedge Funds Weigh In On Taboola.com

Institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP increased its stake in shares of Taboola.com by 6.1% in the fourth quarter. Wellington Management Group LLP now owns 19,205,915 shares of the company’s stock worth $70,102,000 after buying an additional 1,109,602 shares during the period. Phoenix Financial Ltd. grew its position in shares of Taboola.com by 1.4% in the 4th quarter. Phoenix Financial Ltd. now owns 7,397,680 shares of the company’s stock worth $27,002,000 after buying an additional 98,800 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Taboola.com by 42.9% during the fourth quarter. Millennium Management LLC now owns 2,217,442 shares of the company’s stock valued at $8,094,000 after acquiring an additional 665,944 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Taboola.com by 40.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,546,300 shares of the company’s stock worth $5,644,000 after acquiring an additional 443,700 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Taboola.com by 4.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,480,668 shares of the company’s stock valued at $5,404,000 after acquiring an additional 63,324 shares in the last quarter. Institutional investors own 42.89% of the company’s stock.

Analysts Set New Price Targets

TBLA has been the topic of a number of recent analyst reports. Citizens Jmp cut Taboola.com from an “outperform” rating to a “market perform” rating in a research note on Thursday. Benchmark reiterated a “buy” rating and set a $5.00 target price on shares of Taboola.com in a research note on Tuesday. JMP Securities lowered their price objective 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. B. Riley cut Taboola.com from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $5.00 to $4.00 in a research note on Thursday. Finally, Needham & Company LLC lowered their price objective on Taboola.com from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.