Brokerages Set Taboola.com Ltd. (NASDAQ:TBLA) Target Price at $4.25

Taboola.com Ltd. (NASDAQ:TBLA) has been assigned an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $4.25.

Several analysts have commented on the stock. Benchmark decreased their target price on shares of Taboola.com from $4.50 to $4.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Needham & Company LLC reissued a “buy” rating and issued a $4.00 target price on shares of Taboola.com in a research report on Thursday, March 27th. Oppenheimer reissued a “market perform” rating on shares of Taboola.com in a research report on Wednesday, February 26th. Citizens Jmp downgraded shares of Taboola.com from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 27th. Finally, B. Riley raised shares of Taboola.com from a “neutral” rating to a “buy” rating and set a $4.00 target price for the company in a research report on Thursday, May 8th.

Insider Transactions at Taboola.com

In related news, CEO Adam Singolda purchased 60,229 shares of the business’s stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $2.72 per share, with a total value of $163,822.88. Following the completion of the purchase, the chief executive officer now owns 14,462,943 shares in the company, valued at $39,339,204.96. This represents a 0.42% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Zvi Limon purchased 168,506 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was bought at an average cost of $2.93 per share, for a total transaction of $493,722.58. Following the purchase, the director now owns 2,987,383 shares of the company’s stock, valued at approximately $8,753,032.19. This represents a 5.98% increase in their position. The disclosure for this purchase can be found here. 24.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Taboola.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC lifted its position in Taboola.com by 65.8% during the 1st quarter. CWM LLC now owns 11,348 shares of the company’s stock worth $33,000 after buying an additional 4,502 shares in the last quarter. Wolverine Trading LLC raised its holdings in shares of Taboola.com by 98.4% in the 4th 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 period. R Squared Ltd acquired a new position in Taboola.com in the 4th quarter valued at about $68,000. Baird Financial Group Inc. acquired a new position in Taboola.com in the 1st quarter valued at about $59,000. Finally, Virtu Financial LLC acquired a new position in shares of Taboola.com during the 4th quarter worth approximately $81,000. 42.89% of the stock is owned by institutional investors.

Taboola.com Stock Down 1.5%

Taboola.com stock opened at $3.39 on Tuesday. The firm has a market cap of $1.09 billion, a PE ratio of -33.90 and a beta of 1.21. 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’s 50 day moving average price is $2.95 and its two-hundred day moving average price is $3.38. Taboola.com has a twelve month low of $2.50 and a twelve month high of $4.40.

Taboola.com announced that its Board of Directors has approved 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 generally an indication that the company’s board of directors believes its shares are 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.