Taboola.com (NASDAQ:TBLA - Get Free Report) had its target price upped by stock analysts at Needham & Company LLC from $3.34 to $4.50 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Needham & Company LLC's target price indicates a potential upside of 26.40% from the stock's current price.
Several other equities research analysts also recently commented on the company. Oppenheimer reiterated a "market perform" rating on shares of Taboola.com in a report on Wednesday, February 26th. Benchmark cut their price target on shares of Taboola.com from $4.50 to $4.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. B. Riley raised 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. Finally, Citizens Jmp downgraded shares of Taboola.com from an "outperform" rating to a "market perform" rating in a report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Taboola.com presently has an average rating of "Moderate Buy" and a consensus target price of $4.38.
Read Our Latest Report on TBLA
Taboola.com Price Performance
TBLA opened at $3.56 on Tuesday. The company has a 50 day moving average of $3.23 and a two-hundred day moving average of $3.41. Taboola.com has a 52-week low of $2.50 and a 52-week high of $4.30. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market cap of $1.14 billion, a P/E ratio of -35.60 and a beta of 1.29.
Taboola.com declared that its board has initiated a stock repurchase program on Wednesday, February 26th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 22.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.
Hedge Funds Weigh In On Taboola.com
Large investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its stake in shares of Taboola.com by 13.1% in the first quarter. Acadian Asset Management LLC now owns 2,875,922 shares of the company's stock valued at $8,476,000 after purchasing an additional 332,660 shares in the last quarter. Empowered Funds LLC increased its holdings in Taboola.com by 41.1% in the 1st quarter. Empowered Funds LLC now owns 722,984 shares of the company's stock valued at $2,133,000 after buying an additional 210,562 shares during the period. Bridgeway Capital Management LLC boosted its position in shares of Taboola.com by 15.5% during the 1st quarter. Bridgeway Capital Management LLC now owns 1,572,984 shares of the company's stock valued at $4,640,000 after acquiring an additional 210,562 shares in the last quarter. AQR Capital Management LLC increased its stake in Taboola.com by 60.6% in the first quarter. AQR Capital Management LLC now owns 998,731 shares of the company's stock valued at $2,946,000 after acquiring an additional 376,684 shares during the period. Finally, Cubist Systematic Strategies LLC raised its position in Taboola.com by 59.0% in the first quarter. Cubist Systematic Strategies LLC now owns 573,067 shares of the company's stock worth $1,691,000 after purchasing an additional 212,584 shares in the last quarter. Institutional investors and hedge funds own 42.89% of the company's stock.
Taboola.com Company Profile
(
Get Free Report)
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.
Further Reading
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