Taboola.com Ltd. (NASDAQ:TBLA) Receives $4.38 Average Target Price from Analysts

Taboola.com Ltd. (NASDAQ:TBLA) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $4.38.

Several equities research analysts have commented on the stock. B. Riley upgraded shares of Taboola.com from a “neutral” rating to a “buy” rating and set a $4.00 price target on the stock in a research note on Thursday, May 8th. Benchmark dropped their price target on shares of Taboola.com from $4.50 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Finally, Needham & Company LLC raised their price target on shares of Taboola.com from $3.34 to $4.50 and gave the company a “buy” rating in a research note on Tuesday, June 17th.

Taboola.com Price Performance

TBLA opened at $3.51 on Wednesday. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 87.77 and a beta of 1.28. Taboola.com has a fifty-two week low of $2.50 and a fifty-two week high of $4.30. The company’s 50-day moving average price is $3.46 and its 200 day moving average price is $3.38. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.13.

Insider Activity

In other news, COO Eldad Maniv sold 20,083 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $3.75, for a total value of $75,311.25. Following the completion of the transaction, the chief operating officer directly owned 10,872,377 shares in the company, valued at $40,771,413.75. This trade represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 24.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. CWM LLC boosted its holdings in shares of Taboola.com by 65.8% in the first quarter. CWM LLC now owns 11,348 shares of the company’s stock valued at $33,000 after acquiring an additional 4,502 shares in the last quarter. Baird Financial Group Inc. bought a new stake in Taboola.com during the first quarter worth approximately $59,000. Wolverine Trading LLC boosted its holdings in 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 buying an additional 8,463 shares in the last quarter. Virtu Financial LLC bought a new stake in Taboola.com during the fourth quarter worth approximately $81,000. Finally, Royce & Associates LP bought a new stake in Taboola.com during the first quarter worth approximately $86,000. 42.89% of the stock is currently owned by institutional investors.

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.