Taboola.com Ltd. (NASDAQ:TBLA) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of Taboola.com Ltd. (NASDAQ:TBLA - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the six analysts that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $4.38.

Several equities research analysts have weighed in on TBLA shares. Citizens Jmp downgraded Taboola.com from an "outperform" rating to a "market perform" rating in a report on Thursday, February 27th. B. Riley downgraded shares of Taboola.com from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $5.00 to $4.00 in a research note on Thursday, February 27th. Oppenheimer reissued a "market perform" rating on shares of Taboola.com in a research report on Wednesday, February 26th. Needham & Company LLC reaffirmed a "buy" rating and set a $4.00 price objective on shares of Taboola.com in a research report on Thursday. Finally, Benchmark reissued a "buy" rating and issued a $4.50 target price on shares of Taboola.com in a report on Thursday.

Insider Activity at Taboola.com

In related news, CEO Adam Singolda purchased 60,229 shares of the business's stock in a transaction dated Friday, February 28th. The stock was acquired at an average price of $2.72 per share, for a total transaction of $163,822.88. Following the acquisition, the chief executive officer now directly owns 14,462,943 shares of the company's stock, valued at $39,339,204.96. This trade represents a 0.42 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Zvi Limon bought 168,506 shares of the stock in a transaction on Thursday, February 27th. The shares were bought at an average price 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. This trade represents a 5.98 % increase in their position. The disclosure for this purchase can be found here. 22.40% of the stock is currently owned by insiders.

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Institutional Trading of Taboola.com

Large investors have recently bought and sold shares of the company. Wolverine Trading LLC grew its position in shares of Taboola.com by 98.4% in the fourth quarter. Wolverine Trading LLC now owns 17,063 shares of the company's stock valued at $63,000 after purchasing an additional 8,463 shares during the last quarter. R Squared Ltd acquired a new position in shares of Taboola.com during the 4th quarter valued at about $68,000. Virtu Financial LLC purchased a new stake in Taboola.com in the fourth quarter valued at approximately $81,000. Aquatic Capital Management LLC purchased a new position in Taboola.com during the fourth quarter worth approximately $103,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Taboola.com in the 4th quarter valued at $109,000. Institutional investors and hedge funds own 42.89% of the company's stock.

Taboola.com Stock Up 0.7 %

Taboola.com stock traded up $0.02 during mid-day trading on Monday, reaching $3.03. 1,872,269 shares of the company's stock were exchanged, compared to its average volume of 1,133,559. The company has a fifty day moving average of $3.42 and a 200-day moving average of $3.49. The company has a market cap of $892.83 million, a P/E ratio of -30.30 and a beta of 1.33. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Taboola.com has a twelve month low of $2.69 and a twelve month high of $4.60.

Taboola.com announced that its Board of Directors has authorized a stock repurchase program 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 programs are usually a sign that the company's board 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.