Taboola.com Ltd. (NASDAQ:TBLA) Given Average Rating of "Moderate Buy" by Brokerages

Taboola.com Ltd. (NASDAQ:TBLA - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $4.25.

A number of equities analysts have issued reports on the stock. Oppenheimer reaffirmed a "market perform" rating on shares of Taboola.com in a research note on Wednesday, February 26th. B. Riley raised 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. Benchmark lowered their price target on shares of Taboola.com from $4.50 to $4.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Citizens Jmp cut Taboola.com from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 27th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $4.00 price target on shares of Taboola.com in a report on Thursday, March 27th.

Institutional Investors Weigh In On Taboola.com

Large investors have recently made changes to their positions in the business. Empowered Funds LLC raised its stake in shares of Taboola.com by 410.5% during the 4th quarter. Empowered Funds LLC now owns 512,422 shares of the company's stock valued at $1,870,000 after purchasing an additional 412,042 shares during the period. Meitav Investment House Ltd. grew its holdings in Taboola.com by 9.4% during the 4th quarter. Meitav Investment House Ltd. now owns 75,500 shares of the company's stock valued at $279,000 after buying an additional 6,500 shares in the last quarter. Yelin Lapidot Holdings Management Ltd. bought a new stake in shares of Taboola.com during the fourth quarter valued at about $1,724,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Taboola.com by 4.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,480,668 shares of the company's stock worth $5,404,000 after buying an additional 63,324 shares in the last quarter. Finally, Globeflex Capital L P bought a new position in shares of Taboola.com in the fourth quarter valued at approximately $778,000. 42.89% of the stock is owned by hedge funds and other institutional investors.

Taboola.com Stock Performance

NASDAQ TBLA opened at $3.64 on Friday. Taboola.com has a twelve month low of $2.50 and a twelve month 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 stock has a market cap of $1.17 billion, a P/E ratio of -36.40 and a beta of 1.29. The company's 50-day simple moving average is $3.13 and its 200 day simple moving average is $3.41.

Taboola.com declared that its board has initiated a share buyback program on Wednesday, February 26th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 22.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

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.

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