Analysts Set Taboola.com Ltd. (NASDAQ:TBLA) PT at $4.25

Taboola.com Ltd. (NASDAQ:TBLA) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $4.25.

Several equities analysts have recently issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $4.00 price target on shares of Taboola.com in a research note on Thursday, March 27th. B. Riley raised shares of Taboola.com from a “neutral” rating to a “buy” rating and set a $4.00 target price for the company in a research note on Thursday, May 8th. Oppenheimer reissued a “market perform” rating on shares of Taboola.com in a research note on Wednesday, February 26th. Citizens Jmp downgraded shares of Taboola.com from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 27th. Finally, JMP Securities reduced their price target on shares of Taboola.com from $6.00 to $5.00 and set a “market outperform” rating for the company in a report on Monday, January 27th.

Insider Activity

In other Taboola.com news, Director Zvi Limon purchased 168,506 shares of the stock in a transaction dated Thursday, February 27th. The shares were bought at an average price of $2.93 per share, with a total value of $493,722.58. Following the completion of the transaction, the director now directly owns 2,987,383 shares in the company, valued at approximately $8,753,032.19. This trade represents a 5.98% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Adam Singolda purchased 60,229 shares of the stock in a transaction dated Friday, February 28th. The stock was acquired at an average cost of $2.72 per share, for a total transaction of $163,822.88. Following the transaction, the chief executive officer now owns 14,462,943 shares of the company’s stock, valued at approximately $39,339,204.96. This trade represents a 0.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 24.70% of the company’s stock.

Institutional Trading of Taboola.com

Institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC increased its holdings in shares of Taboola.com by 1,218.5% in the 3rd quarter. Barclays PLC now owns 36,431 shares of the company’s stock worth $122,000 after buying an additional 33,668 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Taboola.com by 54.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 727,181 shares of the company’s stock worth $2,443,000 after acquiring an additional 257,009 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in Taboola.com by 22.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 33,051 shares of the company’s stock worth $121,000 after acquiring an additional 6,094 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Taboola.com in the 4th quarter worth about $68,000. Finally, Empowered Funds LLC lifted its position in shares of Taboola.com by 410.5% in the 4th quarter. Empowered Funds LLC now owns 512,422 shares of the company’s stock worth $1,870,000 after purchasing an additional 412,042 shares during the period. 42.89% of the stock is currently owned by hedge funds and other institutional investors.

Taboola.com Stock Performance

Shares of Taboola.com stock opened at $3.39 on Tuesday. Taboola.com has a fifty-two week low of $2.50 and a fifty-two week high of $4.40. 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 firm has a market capitalization of $1.09 billion, a P/E ratio of -33.90 and a beta of 1.21. The company’s 50 day moving average price is $2.95 and its two-hundred day moving average price is $3.38.

Taboola.com declared that its Board of Directors has initiated a share repurchase plan on Wednesday, February 26th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to repurchase up to 22.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors 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.