Taboola.com’s (TBLA) Market Perform Rating Reiterated at Oppenheimer

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

A number of other research firms also recently commented on TBLA. 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 reaffirmed a “buy” rating and issued a $5.00 target price on shares of Taboola.com in a research report on Tuesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $5.00 target price on shares of Taboola.com in a research report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $4.50.

Taboola.com Trading Down 3.2 %

Shares of NASDAQ:TBLA opened at $2.73 on Wednesday. Taboola.com has a 52 week low of $2.69 and a 52 week high of $4.76. The company’s 50 day moving average is $3.70 and its two-hundred day moving average is $3.54. 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 cap of $797.15 million, a PE ratio of -27.30 and a beta of 1.27.

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

Insider Buying and Selling

In other Taboola.com news, CEO Adam Singolda purchased 60,229 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average price of $2.72 per share, for a total transaction of $163,822.88. Following the purchase, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Zvi Limon purchased 168,506 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average price of $2.93 per share, with a total value of $493,722.58. Following the purchase, the director now owns 2,987,383 shares in the company, valued at $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. 22.40% of the stock is owned by company insiders.

Institutional Trading of Taboola.com

Several hedge funds have recently made changes to their positions in TBLA. Aigen Investment Management LP acquired a new stake in shares of Taboola.com in the 3rd quarter worth $63,000. Wolverine Trading LLC lifted its stake in shares of Taboola.com by 98.4% in the 4th 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 shares of Taboola.com in the 4th quarter worth $68,000. Virtu Financial LLC acquired a new stake in shares of Taboola.com in the 4th quarter worth $81,000. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Taboola.com in the 4th quarter worth $103,000. Institutional investors and hedge funds own 42.89% of the company’s stock.

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.