Taboola.com Ltd. (NASDAQ:TBLA) Receives $5.00 Consensus Target Price from Analysts

Taboola.com Ltd. (NASDAQ:TBLA - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six research firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $4.50.

Several equities research analysts recently weighed in on the company. JMP Securities dropped their price target on 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 reiterated a "buy" rating and issued a $5.00 price objective on shares of Taboola.com in a report on Tuesday, February 25th. Needham & Company LLC cut their price objective on Taboola.com from $5.00 to $4.00 and set a "buy" rating for the company in a report on Thursday. Citizens Jmp cut Taboola.com from an "outperform" rating to a "market perform" rating in a research report on Thursday. Finally, B. Riley downgraded Taboola.com from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $5.00 to $4.00 in a research note on Thursday.

Insiders Place Their Bets

In related news, Director Zvi Limon acquired 168,506 shares of Taboola.com stock in a transaction dated Thursday, February 27th. The shares were acquired at an average cost of $2.93 per share, for a total transaction of $493,722.58. Following the completion of the transaction, the director now directly owns 2,987,383 shares of the company's stock, valued at $8,753,032.19. The trade was a 5.98 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Adam Singolda purchased 60,229 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average cost of $2.72 per share, with a total value of $163,822.88. Following the transaction, the chief executive officer now directly owns 14,462,943 shares of the company's stock, valued at $39,339,204.96. The trade was a 0.42 % increase in their position. The disclosure for this purchase can be found here. 22.40% of the stock is owned by insiders.

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Institutional Investors Weigh In On Taboola.com

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP raised its position in shares of Taboola.com by 6.1% during the 4th quarter. Wellington Management Group LLP now owns 19,205,915 shares of the company's stock worth $70,102,000 after buying an additional 1,109,602 shares in the last quarter. Phoenix Financial Ltd. lifted its position in shares of Taboola.com by 1.4% during the 4th quarter. Phoenix Financial Ltd. now owns 7,397,680 shares of the company's stock worth $27,002,000 after purchasing an additional 98,800 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Taboola.com by 42.9% during the 4th quarter. Millennium Management LLC now owns 2,217,442 shares of the company's stock worth $8,094,000 after purchasing an additional 665,944 shares during the period. Renaissance Technologies LLC raised its stake in shares of Taboola.com by 40.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,546,300 shares of the company's stock valued at $5,644,000 after purchasing an additional 443,700 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Taboola.com by 4.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,480,668 shares of the company's stock valued at $5,404,000 after purchasing an additional 63,324 shares in the last quarter. Institutional investors own 42.89% of the company's stock.

Taboola.com Trading Up 2.9 %

TBLA traded up $0.08 on Thursday, hitting $2.81. 10,589,374 shares of the company were exchanged, compared to its average volume of 1,483,115. The stock has a market capitalization 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 quick ratio of 1.31 and a current ratio of 1.31. The firm has a fifty day simple moving average of $3.70 and a two-hundred day simple moving average of $3.54. Taboola.com has a 12 month low of $2.69 and a 12 month high of $4.76.

Taboola.com declared that its Board of Directors has approved a stock buyback plan on Wednesday, February 26th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 22.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's leadership believes its stock is undervalued.

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.