Brokerages Set Taboola.com Ltd. (NASDAQ:TBLA) PT at $4.38

Shares of Taboola.com Ltd. (NASDAQ:TBLA) have received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have given 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 research analysts recently issued reports on the stock. Needham & Company LLC increased their price target on shares of Taboola.com from $3.34 to $4.50 and gave the stock a “buy” rating in a report on Tuesday, June 17th. B. Riley upgraded Taboola.com from a “neutral” rating to a “buy” rating and set a $4.00 target price on the stock in a research report on Thursday, May 8th. Finally, Benchmark reduced their price target on Taboola.com from $4.50 to $4.00 and set a “buy” rating for the company in a report on Thursday, May 8th.

Insider Buying and Selling

In other Taboola.com news, COO Eldad Maniv sold 20,083 shares of the company’s stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $3.75, for a total transaction of $75,311.25. Following the transaction, the chief operating officer directly owned 10,872,377 shares in the company, valued at approximately $40,771,413.75. This represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 22.40% of the company’s stock.

Institutional Investors Weigh In On Taboola.com

Institutional investors have recently modified their holdings of the company. Atria Wealth Solutions Inc. purchased a new position in Taboola.com in the 2nd quarter valued at approximately $37,000. CWM LLC grew its holdings in Taboola.com by 244.7% in the second quarter. CWM LLC now owns 39,116 shares of the company’s stock valued at $143,000 after purchasing an additional 27,768 shares during the last quarter. Meitav Investment House Ltd. increased its position in shares of Taboola.com by 66.2% in the second quarter. Meitav Investment House Ltd. now owns 125,500 shares of the company’s stock valued at $456,000 after buying an additional 50,000 shares in the last quarter. PFG Investments LLC purchased a new position in shares of Taboola.com in the second quarter valued at $66,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Taboola.com by 34.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 55,590 shares of the company’s stock worth $205,000 after buying an additional 14,290 shares during the last quarter. Hedge funds and other institutional investors own 42.89% of the company’s stock.

Taboola.com Stock Down 1.8%

TBLA stock opened at $3.25 on Friday. The stock has a market capitalization of $1.04 billion, a PE ratio of 81.27 and a beta of 1.28. The company has a fifty day moving average of $3.57 and a 200-day moving average of $3.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 1.32. Taboola.com has a one year low of $2.50 and a one year high of $4.30.

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.