Taboola.com (NASDAQ:TBLA) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Taboola.com (NASDAQ:TBLA – Get Rating) in a research note published on Monday morning, Benzinga reports. Needham & Company LLC currently has a $5.00 price target on the stock.

TBLA has been the topic of several other research reports. JMP Securities restated a market outperform rating and set a $6.00 price objective on shares of Taboola.com in a report on Monday, February 27th. Cowen increased their target price on Taboola.com from $5.00 to $6.00 and gave the company an outperform rating in a research note on Monday, February 27th. Susquehanna increased their target price on shares of Taboola.com from $2.25 to $3.00 and gave the stock a neutral rating in a report on Tuesday, February 28th. Cowen lowered their price objective on shares of Taboola.com from $9.00 to $6.00 in a report on Tuesday, November 8th. Finally, Oppenheimer decreased their target price on shares of Taboola.com from $4.50 to $4.00 and set an outperform rating for the company in a research note on Monday, February 27th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $4.66.

Taboola.com Stock Down 1.5 %

Taboola.com stock opened at $3.33 on Monday. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.35. Taboola.com has a 12-month low of $1.52 and a 12-month high of $5.83. The firm’s fifty day moving average is $3.57 and its 200 day moving average is $2.66. The company has a market capitalization of $843.59 million, a PE ratio of -66.59 and a beta of 1.55.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TBLA. Wellington Management Group LLP raised its holdings in Taboola.com by 171.8% in the first quarter. Wellington Management Group LLP now owns 3,912,696 shares of the company’s stock valued at $20,190,000 after acquiring an additional 2,473,366 shares in the last quarter. G2 Investment Partners Management LLC grew its holdings in Taboola.com by 173.8% during the fourth quarter. G2 Investment Partners Management LLC now owns 2,998,139 shares of the company’s stock worth $9,234,000 after acquiring an additional 1,903,139 shares during the period. Cannell Capital LLC grew its position in Taboola.com by 46.7% during the first quarter. Cannell Capital LLC now owns 4,982,409 shares of the company’s stock worth $25,709,000 after buying an additional 1,587,157 shares during the period. Millennium Management LLC boosted its position in Taboola.com by 518.3% during the fourth quarter. Millennium Management LLC now owns 1,519,938 shares of the company’s stock worth $4,681,000 after purchasing an additional 1,274,104 shares in the last quarter. Finally, Metavasi Capital LP purchased a new position in Taboola.com during the 4th quarter valued at about $3,388,000. 33.28% of the stock is currently owned by hedge funds and other institutional investors.

Taboola.com Company Profile

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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.