Brokerages Set Taboola.com Ltd. (NASDAQ:TBLA) Price Target at $4.25

Taboola.com Ltd. (NASDAQ:TBLA - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the six analysts that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $4.25.

A number of research firms have recently issued reports on TBLA. B. Riley upgraded shares of Taboola.com from a "neutral" rating to a "buy" rating and set a $4.00 target price for the company in a research note on Thursday, May 8th. Citizens Jmp downgraded Taboola.com from an "outperform" rating to a "market perform" rating in a research report on Thursday, February 27th. Needham & Company LLC reissued a "buy" rating and issued a $4.00 price objective on shares of Taboola.com in a research note on Thursday, March 27th. Oppenheimer restated a "market perform" rating on shares of Taboola.com in a research note on Wednesday, February 26th. Finally, Benchmark cut their price target on Taboola.com from $4.50 to $4.00 and set a "buy" rating for the company in a report on Thursday, May 8th.

Taboola.com Price Performance

Shares of TBLA traded down $0.05 during trading hours on Friday, hitting $3.56. The stock had a trading volume of 3,111,259 shares, compared to its average volume of 1,335,570. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of -35.60 and a beta of 1.29. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 1.31. The company's fifty day moving average is $3.16 and its two-hundred day moving average is $3.41. Taboola.com has a 52 week low of $2.50 and a 52 week high of $4.30.

Taboola.com declared that its Board of Directors has approved a share buyback plan on Wednesday, February 26th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 22.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board 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. Bridgeway Capital Management LLC boosted its holdings in Taboola.com by 1,257.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 1,362,422 shares of the company's stock valued at $4,973,000 after acquiring an additional 1,262,042 shares during the last quarter. Wellington Management Group LLP lifted its position in Taboola.com by 6.1% during the 4th quarter. Wellington Management Group LLP now owns 19,205,915 shares of the company's stock valued at $70,102,000 after purchasing an additional 1,109,602 shares during the period. Millennium Management LLC boosted its stake in shares of Taboola.com by 42.9% in the 4th quarter. Millennium Management LLC now owns 2,217,442 shares of the company's stock valued at $8,094,000 after purchasing an additional 665,944 shares during the last quarter. Yelin Lapidot Holdings Management Ltd. acquired a new stake in shares of Taboola.com during the 4th quarter worth approximately $1,724,000. Finally, Renaissance Technologies LLC raised its stake in shares of Taboola.com by 40.2% during the fourth quarter. Renaissance Technologies LLC now owns 1,546,300 shares of the company's stock worth $5,644,000 after buying an additional 443,700 shares during the last quarter. 42.89% of the stock is owned by institutional investors and hedge funds.

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.