Taboola.com Ltd. (NASDAQ:TBLA) Receives $4.75 Consensus Target Price from Brokerages

Taboola.com Ltd. (NASDAQ:TBLA) has earned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $4.75.

Several analysts recently commented on TBLA shares. Rosenblatt Securities started coverage on shares of Taboola.com in a research note on Friday, December 19th. They set a “buy” rating and a $6.00 target price for the company. Wall Street Zen upgraded Taboola.com from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Taboola.com in a report on Thursday, January 22nd.

Institutional Trading of Taboola.com

Hedge funds have recently bought and sold shares of the company. Baird Financial Group Inc. acquired a new position in shares of Taboola.com in the first quarter worth about $59,000. AQR Capital Management LLC grew its position in Taboola.com by 60.6% during the 1st quarter. AQR Capital Management LLC now owns 998,731 shares of the company’s stock worth $2,946,000 after purchasing an additional 376,684 shares in the last quarter. Empowered Funds LLC grew its position in Taboola.com by 41.1% during the 1st quarter. Empowered Funds LLC now owns 722,984 shares of the company’s stock worth $2,133,000 after purchasing an additional 210,562 shares in the last quarter. CWM LLC lifted its holdings in shares of 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 in the last quarter. Finally, Atria Wealth Solutions Inc. purchased a new stake in shares of Taboola.com in the second quarter valued at $37,000. 42.89% of the stock is owned by hedge funds and other institutional investors.

Taboola.com Stock Up 0.6%

TBLA stock opened at $3.36 on Thursday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $968.42 million, a price-to-earnings ratio of 42.01 and a beta of 1.29. The firm’s 50-day moving average is $4.08 and its two-hundred day moving average is $3.70. Taboola.com has a 52 week low of $2.50 and a 52 week high of $4.65.

Taboola.com Company Profile

Taboola.com (NASDAQ: TBLA) operates a leading content discovery platform that connects advertisers with premium publishers through native advertising and personalized recommendations. The company’s technology analyzes user behavior and contextual information to deliver promoted content, video, and product recommendations to audiences across a network of thousands of websites and mobile apps. By leveraging machine learning and big data, Taboola helps publishers generate incremental revenue while enabling advertisers to reach engaged users at scale.

Taboola’s suite of products includes feed placements, video recommendations, and sponsored content units designed to blend seamlessly with editorial pages.