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

Key Points

• Taboola.com Ltd. has an average recommendation of "Moderate Buy" from six research firms, with a twelve-month price target of $4.50.
• Insider trading activities include a sale of 27,000 shares by Director Erez Shachar, representing a 10.98% decrease in their position, and total insider sales amounting to $174,467 in the last quarter.
• Institutional investors own 42.89% of Taboola's stock, with significant position increases from firms like Northern Trust Corp and Graham Capital Management L.P. over the last quarter.

Shares of Taboola.com Ltd. (NASDAQ:TBLA - Get Free Report) have received an average recommendation of "Moderate Buy" from the six research firms that are currently covering the stock, 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 brokers that have covered the stock in the last year is $4.50.

Several analysts have issued reports on TBLA shares. Needham & Company LLC raised their price objective on shares of Taboola.com from $3.34 to $4.50 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. B. Riley boosted their price target on Taboola.com from $4.00 to $4.50 and gave the company a "buy" rating in a report on Thursday, August 7th. Finally, Wall Street Zen upgraded Taboola.com from a "hold" rating to a "buy" rating in a report on Saturday.

Taboola.com Stock Down 1.8%

Shares of NASDAQ TBLA opened at $3.35 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 1.07. The company has a market cap of $886.75 million, a P/E ratio of 83.75 and a beta of 1.27. Taboola.com has a 1 year low of $2.50 and a 1 year high of $4.30. The firm has a 50-day simple moving average of $3.39 and a two-hundred day simple moving average of $3.26.

Insiders Place Their Bets

In other news, Director Erez Shachar sold 27,000 shares of Taboola.com stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $3.38, for a total value of $91,260.00. Following the transaction, the director directly owned 218,827 shares in the company, valued at approximately $739,635.26. This trade represents a 10.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Eldad Maniv sold 20,083 shares of Taboola.com 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 owned 10,872,377 shares in the company, valued at $40,771,413.75. This represents a 0.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,183 shares of company stock worth $174,467 over the last quarter. Company insiders own 22.40% of the company's stock.

Institutional Trading of Taboola.com

A number of institutional investors have recently made changes to their positions in TBLA. Northern Trust Corp boosted its position in shares of Taboola.com by 105.1% in the 4th quarter. Northern Trust Corp now owns 144,011 shares of the company's stock worth $526,000 after purchasing an additional 73,795 shares in the last quarter. Balyasny Asset Management L.P. boosted its position in shares of Taboola.com by 95.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 67,088 shares of the company's stock worth $245,000 after purchasing an additional 32,849 shares in the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in shares of Taboola.com in the 4th quarter worth $785,000. Graham Capital Management L.P. boosted its position in shares of Taboola.com by 208.0% in the 4th quarter. Graham Capital Management L.P. now owns 61,757 shares of the company's stock worth $225,000 after purchasing an additional 41,703 shares in the last quarter. Finally, Millennium Management LLC boosted its position 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 worth $8,094,000 after purchasing an additional 665,944 shares in the last quarter. Institutional investors and hedge funds own 42.89% of the company's stock.

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.

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