Taboola.com (NASDAQ:TBLA) Upgraded by Wall Street Zen to Strong-Buy Rating

Taboola.com (NASDAQ:TBLA) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “strong-buy” rating in a research report issued on Saturday.

Several other equities research analysts have also weighed in on TBLA. B. Riley lifted their price target on Taboola.com from $4.00 to $4.50 and gave the company a “buy” rating in a research report on Thursday, August 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Taboola.com in a research report on Wednesday, October 8th. Finally, BTIG Research began coverage on shares of Taboola.com in a report on Tuesday, October 7th. They set a “neutral” rating on the stock. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $4.50.

Taboola.com Stock Performance

Taboola.com stock opened at $3.79 on Friday. Taboola.com has a fifty-two week low of $2.50 and a fifty-two week high of $4.30. The stock’s 50 day simple moving average is $3.39 and its two-hundred day simple moving average is $3.40. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.07 and a current ratio of 1.06. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 47.38 and a beta of 1.27.

Insider Buying and Selling at Taboola.com

In related news, Director Erez Shachar sold 27,000 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $3.38, for a total transaction of $91,260.00. Following the sale, the director directly owned 218,827 shares of the company’s stock, valued at approximately $739,635.26. This represents a 10.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Eldad Maniv sold 414,816 shares of Taboola.com stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $3.78, for a total transaction of $1,568,004.48. Following the completion of the transaction, the chief operating officer directly owned 10,392,460 shares of the company’s stock, valued at $39,283,498.80. This trade represents a 3.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 451,861 shares of company stock valued at $1,696,933 over the last 90 days. Corporate insiders own 24.70% of the company’s stock.

Institutional Investors Weigh In On Taboola.com

Several institutional investors and hedge funds have recently made changes to their positions in TBLA. AlpInvest Partners B.V. purchased a new position in Taboola.com in the 3rd quarter worth approximately $1,028,000. LSV Asset Management increased its holdings in shares of Taboola.com by 2,001.4% in the 3rd quarter. LSV Asset Management now owns 1,983,558 shares of the company’s stock worth $6,764,000 after purchasing an additional 1,889,168 shares in the last quarter. Allianz Asset Management GmbH purchased a new position in shares of Taboola.com in the third quarter worth $340,000. State of Wyoming lifted its holdings in shares of Taboola.com by 235.1% during the third quarter. State of Wyoming now owns 52,137 shares of the company’s stock valued at $178,000 after purchasing an additional 36,577 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in shares of Taboola.com by 94.1% during the third quarter. Teacher Retirement System of Texas now owns 210,346 shares of the company’s stock valued at $717,000 after purchasing an additional 101,979 shares in the last quarter. Institutional investors own 42.89% of the company’s stock.

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.