Taboola.com (NASDAQ:TBLA) Now Covered by BTIG Research

BTIG Research initiated coverage on shares of Taboola.com (NASDAQ:TBLA) in a research report released on Tuesday morning, Marketbeat Ratings reports. The firm issued a neutral rating on the stock.

Several other research analysts also recently commented on TBLA. B. Riley boosted their price objective on shares of Taboola.com from $4.00 to $4.50 and gave the company a “buy” rating in a research report on Thursday, August 7th. Wall Street Zen downgraded shares of Taboola.com from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Taboola.com in a report on Saturday, September 27th. Finally, Needham & Company LLC upped 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. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Taboola.com has a consensus rating of “Moderate Buy” and a consensus price target of $4.50.

Taboola.com Stock Down 2.1%

Shares of TBLA opened at $3.21 on Tuesday. Taboola.com has a one year low of $2.50 and a one year high of $4.30. The company has a market cap of $849.69 million, a P/E ratio of 80.25 and a beta of 1.27. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 1.07. The firm has a 50 day simple moving average of $3.36 and a two-hundred day simple moving average of $3.32.

Insider Activity

In related news, Director Erez Shachar sold 27,000 shares of the firm’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $3.38, for a total value of $91,260.00. Following the transaction, the director owned 218,827 shares of the company’s stock, valued at approximately $739,635.26. This trade represents a 10.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Taboola.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC increased its stake in shares of 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 purchasing an additional 4,502 shares during the last quarter. Atria Wealth Solutions Inc. bought a new position in Taboola.com in the 2nd quarter worth approximately $37,000. Pallas Capital Advisors LLC bought a new position in Taboola.com in the 2nd quarter valued at $41,000. Headlands Technologies LLC purchased a new position in shares of Taboola.com during the 2nd quarter valued at $43,000. Finally, Captrust Financial Advisors purchased a new position in shares of Taboola.com during the 2nd quarter valued at $46,000. Hedge funds and other institutional investors own 42.89% of the company’s stock.

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.