Adam Singolda Acquires 60,229 Shares of Taboola.com Ltd. (NASDAQ:TBLA) Stock

Taboola.com Ltd. (NASDAQ:TBLA - Get Free Report) CEO Adam Singolda acquired 60,229 shares of Taboola.com stock in a transaction dated Friday, February 28th. The shares were acquired at an average price of $2.72 per share, with a total value of $163,822.88. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Taboola.com Price Performance

TBLA stock traded up $0.08 during trading hours on Monday, hitting $2.81. 10,618,105 shares of the stock traded hands, compared to its average volume of 1,485,259. The stock has a 50-day simple moving average of $3.68 and a 200 day simple moving average of $3.54. The company has a market cap of $828.01 million, a P/E ratio of -28.10 and a beta of 1.27. Taboola.com Ltd. has a one year low of $2.69 and a one year high of $4.76. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14.

Taboola.com declared that its board has authorized a stock buyback plan on Wednesday, February 26th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to buy up to 22.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Citizens Jmp downgraded Taboola.com from an "outperform" rating to a "market perform" rating in a research note on Thursday. B. Riley cut shares of Taboola.com from a "buy" rating to a "neutral" rating and cut their price objective for the company from $5.00 to $4.00 in a research note on Thursday. Needham & Company LLC reduced their price objective on shares of Taboola.com from $5.00 to $4.00 and set a "buy" rating for the company in a report on Thursday. Oppenheimer reaffirmed a "market perform" rating on shares of Taboola.com in a research note on Wednesday, February 26th. Finally, Benchmark reiterated a "buy" rating and issued a $5.00 price objective on shares of Taboola.com in a report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $4.50.

Hedge Funds Weigh In On Taboola.com

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its stake in Taboola.com by 54.7% during the third quarter. JPMorgan Chase & Co. now owns 727,181 shares of the company's stock valued at $2,443,000 after purchasing an additional 257,009 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Taboola.com by 410.5% in the fourth quarter. Empowered Funds LLC now owns 512,422 shares of the company's stock valued at $1,870,000 after buying an additional 412,042 shares in the last quarter. Yelin Lapidot Holdings Management Ltd. acquired a new stake in shares of Taboola.com during the 4th quarter valued at $1,724,000. Harbor Capital Advisors Inc. boosted its stake in shares of Taboola.com by 22.6% during 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 in the last quarter. Finally, Barclays PLC boosted its stake in shares of Taboola.com by 1,218.5% during the 3rd quarter. Barclays PLC now owns 36,431 shares of the company's stock worth $122,000 after acquiring an additional 33,668 shares in the last quarter. 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.