Taboola.com Ltd. (NASDAQ:TBLA) Receives Average Rating of "Moderate Buy" from Analysts

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 earned an average rating of "Moderate Buy" from the six analysts that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $4.50.

Several equities research analysts have recently issued reports on the stock. B. Riley increased their price objective on shares of Taboola.com from $4.00 to $4.50 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Wall Street Zen raised shares of Taboola.com from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Finally, Needham & Company LLC increased their price objective on shares of Taboola.com from $3.34 to $4.50 and gave the stock a "buy" rating in a research report on Tuesday, June 17th.

Taboola.com Trading Up 0.1%

TBLA stock traded up $0.01 on Monday, hitting $3.52. 300,432 shares of the company were exchanged, compared to its average volume of 1,627,125. Taboola.com has a twelve month low of $2.50 and a twelve month high of $4.30. 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 business's fifty day moving average is $3.37 and its two-hundred day moving average is $3.27. The stock has a market capitalization of $930.42 million, a price-to-earnings ratio of 87.88 and a beta of 1.27.

Insider Activity

In other news, Director Erez Shachar sold 27,000 shares of the stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $3.38, for a total value of $91,260.00. Following the completion of the sale, the director owned 218,827 shares of the company's stock, valued at $739,635.26. This represents a 10.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 24.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Atria Wealth Solutions Inc. purchased a new position in shares of Taboola.com in the second quarter valued at $37,000. Pallas Capital Advisors LLC purchased a new position in shares of Taboola.com in the second quarter valued at $41,000. CWM LLC boosted its stake in shares of Taboola.com by 65.8% in the first quarter. CWM LLC now owns 11,348 shares of the company's stock valued at $33,000 after purchasing an additional 4,502 shares during the period. Headlands Technologies LLC purchased a new position in shares of Taboola.com in the second quarter valued at $43,000. Finally, Captrust Financial Advisors purchased a new position in shares of Taboola.com in the second quarter valued at $46,000. 42.89% of the stock is currently owned by hedge funds and other institutional investors.

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.