Taboola.com (NASDAQ:TBLA) Stock Price Expected to Rise, B. Riley Analyst Says

Key Points

• B. Riley raised its price target for Taboola.com (NASDAQ:TBLA) from $4.00 to $4.50, indicating a potential upside of 30.25% from the stock's previous close.
• Several analysts have issued positive ratings for TBLA, with an average price target of $4.50 and a consensus rating of "Moderate Buy".
• Insider selling occurred as COO Eldad Maniv sold 20,083 shares at an average price of $3.75, reducing his ownership stake slightly.

Taboola.com (NASDAQ:TBLA - Free Report) had its target price hoisted by B. Riley from $4.00 to $4.50 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a buy rating on the stock.

TBLA has been the subject of several other research reports. Benchmark reduced 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 note on Thursday, May 8th. Needham & Company LLC raised their target price on shares of Taboola.com from $3.34 to $4.50 and gave the company a "buy" rating in a research note on Tuesday, June 17th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Taboola.com has an average rating of "Moderate Buy" and an average target price of $4.50.

Taboola.com Trading Down 3.4%

TBLA traded down $0.11 during trading on Thursday, reaching $3.17. 1,841,599 shares of the company's stock were exchanged, compared to its average volume of 1,709,973. The stock has a market capitalization of $839.11 million, a PE ratio of 79.25 and a beta of 1.27. Taboola.com has a one year low of $2.50 and a one year high of $4.30. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.10. The firm has a fifty day moving average price of $3.53 and a two-hundred day moving average price of $3.33.

Insider Transactions at Taboola.com

In other Taboola.com news, COO Eldad Maniv sold 20,083 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $3.75, for a total value of $75,311.25. Following the sale, the chief operating officer owned 10,872,377 shares in the company, valued at $40,771,413.75. This trade represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 24.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Taboola.com

Several institutional investors have recently added to or reduced their stakes in the business. R Squared Ltd raised its position in Taboola.com by 17.8% during the second quarter. R Squared Ltd now owns 20,761 shares of the company's stock valued at $76,000 after acquiring an additional 3,141 shares in the last quarter. CWM LLC increased its position in shares of Taboola.com by 65.8% during the first quarter. CWM LLC now owns 11,348 shares of the company's stock worth $33,000 after purchasing an additional 4,502 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Taboola.com by 16.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,300 shares of the company's stock worth $122,000 after purchasing an additional 5,829 shares in the last quarter. Wolverine Trading LLC grew its holdings in 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 buying an additional 8,463 shares in the last quarter. Finally, Atria Wealth Solutions Inc. purchased a new stake in Taboola.com in the 2nd quarter valued at $37,000. Institutional investors and hedge funds 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.