Taboola.com Ltd. (NASDAQ:TBLA - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six ratings firms that are currently covering the company, 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 1 year price target among analysts that have updated their coverage on the stock in the last year is $4.38.
A number of equities research analysts have weighed in on TBLA shares. Citizens Jmp lowered Taboola.com from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 27th. Needham & Company LLC reissued a "buy" rating and set a $4.00 price target on shares of Taboola.com in a research report on Thursday, March 27th. Oppenheimer restated a "market perform" rating on shares of Taboola.com in a research note on Wednesday, February 26th. B. Riley downgraded shares of 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, February 27th. Finally, JMP Securities dropped their target price on shares of Taboola.com from $6.00 to $5.00 and set a "market outperform" rating for the company in a research report on Monday, January 27th.
View Our Latest Report on TBLA
Insider Buying and Selling at Taboola.com
In other Taboola.com news, Director Zvi Limon bought 168,506 shares of the business's stock in a transaction on Thursday, February 27th. The shares were purchased 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 directly owns 2,987,383 shares of the company's stock, valued at approximately $8,753,032.19. The trade was a 5.98 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Adam Singolda bought 60,229 shares of the stock in a transaction dated 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 completion of the acquisition, the chief executive officer now directly owns 14,462,943 shares of the company's stock, valued at approximately $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.
Institutional Trading of Taboola.com
Hedge funds have recently made changes to their positions in the stock. State Street Corp increased its position in Taboola.com by 5.5% in the third quarter. State Street Corp now owns 305,350 shares of the company's stock worth $1,026,000 after buying an additional 16,055 shares during the period. Jane Street Group LLC grew its position in shares of Taboola.com by 698.2% during the third quarter. Jane Street Group LLC now owns 93,353 shares of the company's stock worth $314,000 after acquiring an additional 81,658 shares during the last quarter. XTX Topco Ltd increased its holdings in shares of Taboola.com by 99.6% in the 3rd quarter. XTX Topco Ltd now owns 60,229 shares of the company's stock worth $202,000 after acquiring an additional 30,059 shares during the period. Barclays PLC lifted its position in Taboola.com by 1,218.5% in the 3rd quarter. Barclays PLC now owns 36,431 shares of the company's stock valued at $122,000 after purchasing an additional 33,668 shares during the last quarter. Finally, Tidal Investments LLC boosted its stake in Taboola.com by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 183,856 shares of the company's stock valued at $618,000 after purchasing an additional 8,127 shares during the period. Institutional investors own 42.89% of the company's stock.
Taboola.com Stock Up 1.9 %
NASDAQ:TBLA traded up $0.06 on Friday, reaching $2.92. The stock had a trading volume of 1,419,124 shares, compared to its average volume of 1,219,455. Taboola.com has a 12-month low of $2.50 and a 12-month high of $4.60. The stock has a market cap of $859.40 million, a P/E ratio of -29.15 and a beta of 1.21. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average of $2.99 and a 200 day moving average of $3.42.
Taboola.com declared that its board has approved a share repurchase program on Wednesday, February 26th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to reacquire up to 22.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.
About Taboola.com
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Get Free ReportTaboola.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.
Further Reading
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