Taboola.com Ltd. (NASDAQ:TBLA) Director Purchases $493,722.58 in Stock

Taboola.com Ltd. (NASDAQ:TBLA - Get Free Report) Director Zvi Limon bought 168,506 shares of the stock in a transaction on Thursday, February 27th. The stock was acquired at an average price of $2.93 per share, with a total value of $493,722.58. Following the completion of the acquisition, the director now owns 2,987,383 shares of the company's stock, valued at $8,753,032.19. This represents a 5.98 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Taboola.com Stock Up 2.9 %

Shares of NASDAQ:TBLA traded up $0.08 during midday trading on Monday, hitting $2.81. 10,618,105 shares of the company's stock were exchanged, compared to its average volume of 1,485,259. Taboola.com Ltd. has a 12 month low of $2.69 and a 12 month high of $4.76. The company has a market cap of $828.01 million, a PE ratio of -28.10 and a beta of 1.27. 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 stock has a 50 day moving average price of $3.68 and a 200-day moving average price of $3.54.

Taboola.com announced that its Board of Directors has approved a stock repurchase program on Wednesday, February 26th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to purchase up to 22.2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TBLA. JPMorgan Chase & Co. raised its position in Taboola.com by 54.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 727,181 shares of the company's stock valued at $2,443,000 after buying an additional 257,009 shares during the last quarter. Empowered Funds LLC grew its stake 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 acquiring an additional 412,042 shares in the last quarter. Yelin Lapidot Holdings Management Ltd. purchased a new stake in shares of Taboola.com in the fourth quarter valued at about $1,724,000. Harbor Capital Advisors Inc. lifted its position in shares of Taboola.com by 22.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 33,051 shares of the company's stock valued at $121,000 after purchasing an additional 6,094 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Taboola.com by 1,218.5% during the third quarter. Barclays PLC now owns 36,431 shares of the company's stock worth $122,000 after purchasing an additional 33,668 shares during the last quarter. Institutional investors own 42.89% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TBLA. Oppenheimer restated a "market perform" rating on shares of Taboola.com in a report on Wednesday, February 26th. Benchmark reissued a "buy" rating and set a $5.00 price objective on shares of Taboola.com in a research report on Tuesday, February 25th. Citizens Jmp lowered Taboola.com from an "outperform" rating to a "market perform" rating in a research report on Thursday. Needham & Company LLC dropped their price target on Taboola.com from $5.00 to $4.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, B. Riley cut Taboola.com from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $5.00 to $4.00 in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $4.50.

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.