Taboola.com Ltd. (NASDAQ:TBLA) Receives Average Rating of “Buy” from Brokerages

Shares of Taboola.com Ltd. (NASDAQ:TBLAGet Rating) have been given a consensus recommendation of “Buy” by the nine research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $11.75.

Several brokerages have recently issued reports on TBLA. Susquehanna lowered their price objective on shares of Taboola.com from $15.00 to $10.00 and set a “positive” rating on the stock in a research note on Thursday, February 24th. Susquehanna Bancshares decreased their price target on shares of Taboola.com from $15.00 to $10.00 and set a “positive” rating for the company in a report on Thursday, February 24th. Zacks Investment Research downgraded shares of Taboola.com from a “buy” rating to a “hold” rating in a research report on Friday, February 25th. Needham & Company LLC reduced their target price on shares of Taboola.com from $13.00 to $10.00 in a research note on Friday, January 21st. Finally, Cowen cut their price target on shares of Taboola.com from $15.00 to $13.00 in a research note on Thursday, February 24th.

TBLA stock opened at $4.42 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.57 and a current ratio of 1.57. Taboola.com has a fifty-two week low of $4.31 and a fifty-two week high of $11.44. The business has a 50-day moving average price of $5.43.

A number of hedge funds have recently modified their holdings of TBLA. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Taboola.com during the 4th quarter valued at approximately $25,000. DGS Capital Management LLC bought a new position in shares of Taboola.com during the 4th quarter valued at approximately $83,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Taboola.com during the 4th quarter valued at approximately $95,000. Blair William & Co. IL bought a new position in shares of Taboola.com during the 4th quarter valued at approximately $102,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Taboola.com during the 4th quarter valued at approximately $105,000. 26.68% of the stock is owned by institutional investors and hedge funds.

About Taboola.com (Get Rating)

Taboola.com Ltd., together with its subsidiaries, operates an artificial intelligence-based algorithmic engine platform in Israel, the United Kingdom, the United States, Germany, France, 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.

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Analyst Recommendations for Taboola.com (NASDAQ:TBLA)

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