Eldad Maniv Sells 20,083 Shares of Taboola.com Ltd. (NASDAQ:TBLA) Stock

Taboola.com Ltd. (NASDAQ:TBLA - Get Free Report) COO Eldad Maniv sold 20,083 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $3.75, for a total value of $75,311.25. Following the completion of the sale, the chief operating officer now directly owns 10,872,377 shares of the company's stock, valued at approximately $40,771,413.75. This trade represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Taboola.com Stock Up 3.1%

TBLA traded up $0.11 during trading on Monday, reaching $3.63. The company had a trading volume of 1,479,300 shares, compared to its average volume of 1,364,310. The company has a market cap of $1.17 billion, a P/E ratio of 90.77 and a beta of 1.29. Taboola.com Ltd. has a 12 month low of $2.50 and a 12 month high of $4.30. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.32 and a quick ratio of 1.32. The business's fifty day moving average price is $3.31 and its 200 day moving average price is $3.40.

Taboola.com announced that its board has approved a stock repurchase plan on Wednesday, February 26th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 22.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Oppenheimer restated a "market perform" rating on shares of Taboola.com in a report on Wednesday, February 26th. Needham & Company LLC boosted their price target on shares of Taboola.com from $3.34 to $4.50 and gave the company a "buy" rating in a report on Tuesday, June 17th. B. Riley upgraded shares of Taboola.com from a "neutral" rating to a "buy" rating and set a $4.00 price objective for the company in a research report on Thursday, May 8th. Citizens Jmp lowered Taboola.com from an "outperform" rating to a "market perform" rating in a report on Thursday, February 27th. Finally, Benchmark decreased their target price on Taboola.com from $4.50 to $4.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $4.38.

Hedge Funds Weigh In On Taboola.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC raised its stake in shares of Taboola.com by 65.8% in the 1st quarter. CWM LLC now owns 11,348 shares of the company's stock valued at $33,000 after purchasing an additional 4,502 shares during the period. Baird Financial Group Inc. acquired a new position in shares of Taboola.com during the first quarter worth about $59,000. Wolverine Trading LLC grew its holdings in shares of Taboola.com by 98.4% during the fourth quarter. Wolverine Trading LLC now owns 17,063 shares of the company's stock worth $63,000 after buying an additional 8,463 shares in the last quarter. Virtu Financial LLC acquired a new stake in Taboola.com in the 4th quarter valued at approximately $81,000. Finally, Royce & Associates LP acquired a new stake in Taboola.com in the 1st quarter valued at approximately $86,000. 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.