BTIG Research Initiates Coverage on Taboola.com (NASDAQ:TBLA)

Key Points

• BTIG Research has initiated coverage on Taboola.com (NASDAQ:TBLA) with a "neutral" rating, while competing analysts have varied opinions, including a "buy" rating from Needham & Company.
• The current average target price for Taboola.com is $4.50, with four analysts rating the stock as a "Moderate Buy."
• Insider trading was noted as Director Erez Shachar sold 27,000 shares, reducing their stake in the company by nearly 11%, after which insiders held 22.40% of the shares.

Stock analysts at BTIG Research began coverage on shares of Taboola.com (NASDAQ:TBLA - Get Free Report) in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports. The brokerage set a "neutral" rating on the stock.

Several other research firms have also weighed in on TBLA. Needham & Company LLC upped their target price on Taboola.com from $3.34 to $4.50 and gave the company a "buy" rating in a report on Tuesday, June 17th. Weiss Ratings restated a "hold (c)" rating on shares of Taboola.com in a report on Saturday, September 27th. Wall Street Zen downgraded shares of Taboola.com from a "buy" rating to a "hold" rating in a research note on Friday. Finally, B. Riley raised their price target on Taboola.com from $4.00 to $4.50 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Taboola.com currently has a consensus rating of "Moderate Buy" and an average target price of $4.50.

Taboola.com Stock Down 0.8%

Shares of Taboola.com stock traded down $0.03 during trading hours on Tuesday, hitting $3.26. The company had a trading volume of 185,425 shares, compared to its average volume of 1,593,401. The company's 50-day moving average is $3.36 and its two-hundred day moving average is $3.32. Taboola.com has a twelve month low of $2.50 and a twelve month high of $4.30. 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 company has a market cap of $861.60 million, a P/E ratio of 81.38 and a beta of 1.27.

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 stock was 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 in the company, valued at approximately $739,635.26. This trade represents a 10.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 22.40% of the company's stock.

Hedge Funds Weigh In On Taboola.com

A number of institutional investors have recently made changes to their positions in TBLA. CWM LLC increased its position in shares of Taboola.com by 65.8% in 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 during the 2nd quarter worth $37,000. Pallas Capital Advisors LLC acquired a new stake in Taboola.com in the second quarter worth $41,000. Headlands Technologies LLC bought a new stake in Taboola.com in the second quarter valued at $43,000. Finally, Captrust Financial Advisors bought a new position in shares of Taboola.com during the second quarter worth about $46,000. 42.89% of the stock is owned by institutional investors and hedge funds.

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.

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