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

Shares of Taboola.com Ltd. (NASDAQ:TBLA - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $4.25.

Several equities analysts have commented on the company. Oppenheimer reissued a "market perform" rating on shares of Taboola.com in a research report on Wednesday, February 26th. Benchmark lowered their price objective on Taboola.com from $4.50 to $4.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. JMP Securities cut their target price on Taboola.com from $6.00 to $5.00 and set a "market outperform" rating on the stock in a research note on Monday, January 27th. B. Riley raised Taboola.com from a "neutral" rating to a "buy" rating and set a $4.00 price target for the company in a research report on Thursday, May 8th. Finally, Needham & Company LLC reissued a "buy" rating and set a $4.00 price objective on shares of Taboola.com in a research report on Thursday, March 27th.

Insiders Place Their Bets

In other news, Director Zvi Limon bought 168,506 shares of the company's stock in a transaction on Thursday, February 27th. The shares were acquired at an average cost of $2.93 per share, with a total value of $493,722.58. Following the completion of the transaction, the director now owns 2,987,383 shares of the company's stock, valued at approximately $8,753,032.19. This trade represents a 5.98% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Adam Singolda purchased 60,229 shares of the business's stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $2.72 per share, with a total value of $163,822.88. Following the completion of the purchase, the chief executive officer now owns 14,462,943 shares in the company, valued at approximately $39,339,204.96. This trade represents a 0.42% increase in their ownership of the stock. The disclosure for this purchase can be found here. 24.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Taboola.com

Institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC raised its position in Taboola.com by 65.8% in the first quarter. CWM LLC now owns 11,348 shares of the company's stock worth $33,000 after acquiring an additional 4,502 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Taboola.com by 16.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 41,300 shares of the company's stock worth $122,000 after purchasing an additional 5,829 shares during the period. Harbor Capital Advisors Inc. lifted its position in Taboola.com by 22.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 33,051 shares of the company's stock valued at $121,000 after purchasing an additional 6,094 shares in the last quarter. Meitav Investment House Ltd. increased its position in Taboola.com by 9.4% in the fourth quarter. Meitav Investment House Ltd. now owns 75,500 shares of the company's stock worth $279,000 after buying an additional 6,500 shares in the last quarter. Finally, Wolverine Trading LLC raised its stake in shares of Taboola.com by 98.4% in the fourth quarter. Wolverine Trading LLC now owns 17,063 shares of the company's stock worth $63,000 after buying an additional 8,463 shares during the period. Hedge funds and other institutional investors own 42.89% of the company's stock.

Taboola.com Stock Up 0.6%

Shares of TBLA traded up $0.02 on Tuesday, reaching $3.41. The stock had a trading volume of 2,783,182 shares, compared to its average volume of 1,279,609. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.31. Taboola.com has a 12-month low of $2.50 and a 12-month high of $4.40. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -34.10 and a beta of 1.21. The company has a 50-day simple moving average of $2.95 and a 200-day simple moving average of $3.38.

Taboola.com announced that its board has approved a stock repurchase program on Wednesday, February 26th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to purchase up to 22.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board 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.