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

Shares of Taboola.com Ltd. (NASDAQ:TBLA) have been assigned an average rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $4.50.

Several equities research analysts have recently weighed in on the stock. Benchmark reaffirmed a “buy” rating and issued a $5.00 price target on shares of Taboola.com in a research report on Tuesday, February 25th. JMP Securities decreased their target price 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. B. Riley cut shares of Taboola.com from a “buy” rating to a “neutral” rating and decreased their target price for the company from $5.00 to $4.00 in a research report on Thursday, February 27th. Oppenheimer reissued a “market perform” rating on shares of Taboola.com in a research report on Wednesday, February 26th. Finally, Needham & Company LLC decreased their target price on shares of Taboola.com from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, February 27th.

Taboola.com Price Performance

Shares of TBLA opened at $3.03 on Thursday. The company has a 50 day moving average price of $3.64 and a 200-day moving average price of $3.53. Taboola.com has a fifty-two week low of $2.69 and a fifty-two week high of $4.66. The stock has a market capitalization of $892.83 million, a PE ratio of -30.30 and a beta of 1.27. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.31.

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

Insiders Place Their Bets

In other Taboola.com news, CEO Adam Singolda acquired 60,229 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were purchased at an average price of $2.72 per share, for a total transaction of $163,822.88. Following the completion of the purchase, the chief executive officer now directly owns 14,462,943 shares of the company’s stock, valued at $39,339,204.96. The trade was a 0.42 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Zvi Limon acquired 168,506 shares of the business’s 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 purchase, the director now directly owns 2,987,383 shares of the company’s stock, valued at approximately $8,753,032.19. This trade represents a 5.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 22.40% of the company’s stock.

Institutional Trading of Taboola.com

Hedge funds and other institutional investors have recently made changes to their positions in the business. Aigen Investment Management LP acquired a new stake in shares of Taboola.com in the third quarter worth $63,000. Wolverine Trading LLC increased its stake in shares of Taboola.com by 98.4% in the fourth quarter. Wolverine Trading LLC now owns 17,063 shares of the company’s stock worth $63,000 after acquiring an additional 8,463 shares during the period. R Squared Ltd acquired a new stake in Taboola.com during the fourth quarter valued at $68,000. Virtu Financial LLC acquired a new stake in Taboola.com during the fourth quarter valued at $81,000. Finally, Aquatic Capital Management LLC acquired a new stake in Taboola.com during the fourth quarter valued at $103,000. Institutional investors and hedge funds 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.