Taboola.com Ltd. (NASDAQ:TBLA) Receives $4.50 Consensus Price Target from Analysts

Shares of Taboola.com Ltd. (NASDAQ:TBLA) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $4.50.

TBLA has been the subject of a number of analyst reports. 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. B. Riley lowered shares of Taboola.com from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $5.00 to $4.00 in a research report on Thursday, February 27th. JMP Securities dropped 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 research report on Monday, January 27th. Benchmark reiterated a “buy” rating and issued a $5.00 price target on shares of Taboola.com in a report on Tuesday, February 25th. Finally, Oppenheimer restated a “market perform” rating on shares of Taboola.com in a research note on Wednesday, February 26th.

Insider Activity

In related news, CEO Adam Singolda acquired 60,229 shares of the firm’s stock in a transaction on Friday, February 28th. The shares were acquired at an average cost of $2.72 per share, with a total value of $163,822.88. Following the completion of the acquisition, the chief executive officer now directly owns 14,462,943 shares in the company, valued at approximately $39,339,204.96. This trade represents a 0.42 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Zvi Limon bought 168,506 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was bought 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 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. Insiders own 22.40% of the company’s stock.

Institutional Investors Weigh In On Taboola.com

Large investors have recently bought and sold shares of the company. Wolverine Trading LLC increased its position in shares of Taboola.com by 98.4% during the fourth quarter. Wolverine Trading LLC now owns 17,063 shares of the company’s stock worth $63,000 after purchasing an additional 8,463 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Taboola.com during the fourth quarter worth $68,000. Virtu Financial LLC acquired a new stake in shares of Taboola.com in the fourth quarter valued at about $81,000. Aquatic Capital Management LLC purchased a new position in shares of Taboola.com in the fourth quarter worth about $103,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Taboola.com during the fourth quarter worth about $109,000. 42.89% of the stock is currently owned by hedge funds and other institutional investors.

Taboola.com Price Performance

TBLA opened at $3.01 on Monday. The firm has a market capitalization of $886.94 million, a PE ratio of -30.10 and a beta of 1.33. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 1.31. The business’s 50-day moving average is $3.42 and its two-hundred day moving average is $3.49. Taboola.com has a 1 year low of $2.69 and a 1 year high of $4.60.

Taboola.com announced that its Board of Directors has initiated a share buyback program on Wednesday, February 26th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 22.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is 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.