Taboola.com Ltd. (NASDAQ:TBLA) Receives $4.38 Consensus Price Target from Analysts

Taboola.com Ltd. (NASDAQ:TBLA - Get Free Report) has been given an average rating of "Moderate Buy" by the six brokerages that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $4.38.

A number of equities research analysts recently commented on TBLA shares. B. Riley upgraded Taboola.com from a "neutral" rating to a "buy" rating and set a $4.00 price target on the stock in a research report on Thursday, May 8th. Needham & Company LLC increased their price target on Taboola.com from $3.34 to $4.50 and gave the stock a "buy" rating in a research report on Tuesday, June 17th. Finally, Benchmark decreased their price target on Taboola.com from $4.50 to $4.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th.

Insider Transactions at Taboola.com

In other Taboola.com news, COO Eldad Maniv sold 20,083 shares of the company's stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $3.75, for a total transaction of $75,311.25. Following the transaction, the chief operating officer owned 10,872,377 shares of the company's stock, valued at approximately $40,771,413.75. This represents a 0.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 24.70% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Millennium Management LLC lifted its holdings in Taboola.com by 42.9% during the 4th quarter. Millennium Management LLC now owns 2,217,442 shares of the company's stock worth $8,094,000 after buying an additional 665,944 shares in the last quarter. Quantbot Technologies LP lifted its holdings in Taboola.com by 61.5% during the 4th quarter. Quantbot Technologies LP now owns 55,863 shares of the company's stock worth $204,000 after buying an additional 21,281 shares in the last quarter. Virtu Financial LLC acquired a new position in Taboola.com during the 4th quarter worth $81,000. D. E. Shaw & Co. Inc. acquired a new position in Taboola.com during the 4th quarter worth $785,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Taboola.com by 37.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 373,075 shares of the company's stock worth $1,362,000 after buying an additional 101,677 shares in the last quarter. Institutional investors and hedge funds own 42.89% of the company's stock.

Taboola.com Price Performance

Shares of TBLA stock traded down $0.12 during trading hours on Wednesday, hitting $3.51. The company had a trading volume of 699,476 shares, compared to its average volume of 1,403,189. Taboola.com has a 12 month low of $2.50 and a 12 month high of $4.30. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 87.77 and a beta of 1.28. The firm's fifty day moving average is $3.46 and its 200 day moving average is $3.37. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 1.32.

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.