Taboola.com Ltd. (NASDAQ:TBLA - Get Free Report) COO Eldad Maniv sold 20,083 shares of the stock in a transaction on 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 transaction, the chief operating officer now owns 10,872,377 shares of the company's stock, valued at $40,771,413.75. This trade represents a 0.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Taboola.com Stock Down 3.6%
NASDAQ TBLA traded down $0.13 during trading on Friday, reaching $3.52. 1,525,812 shares of the company's stock were exchanged, compared to its average volume of 1,362,922. Taboola.com Ltd. has a fifty-two week low of $2.50 and a fifty-two week high of $4.30. The firm has a market capitalization of $1.13 billion, a PE ratio of 36.50 and a beta of 1.29. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. The company's fifty day simple moving average is $3.29 and its 200-day simple moving average is $3.41.
Taboola.com announced that its board has authorized a share buyback program on Wednesday, February 26th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to repurchase up to 22.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.
Institutional Investors Weigh In On Taboola.com
Hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC raised its stake in shares of Taboola.com by 65.8% during 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 in the last quarter. Wolverine Trading LLC raised its stake in shares of Taboola.com by 98.4% during the 4th quarter. Wolverine Trading LLC now owns 17,063 shares of the company's stock worth $63,000 after purchasing an additional 8,463 shares in the last quarter. Baird Financial Group Inc. purchased a new stake in shares of Taboola.com during the 1st quarter worth about $59,000. Virtu Financial LLC purchased a new stake in shares of Taboola.com during the 4th quarter worth about $81,000. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Taboola.com during the 4th quarter worth about $103,000. 42.89% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
TBLA has been the subject of a number of recent analyst reports. Benchmark decreased their price target on Taboola.com from $4.50 to $4.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Needham & Company LLC raised their price objective on Taboola.com from $3.34 to $4.50 and gave the stock a "buy" rating in a research report on Tuesday. Citizens Jmp lowered Taboola.com from an "outperform" rating to a "market perform" rating in a research report on Thursday, February 27th. B. Riley upgraded 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. Finally, Oppenheimer restated a "market perform" rating on shares of Taboola.com in a research report on Wednesday, February 26th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $4.38.
View Our Latest Stock Report on Taboola.com
About Taboola.com
(
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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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