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

Taboola.com Ltd. (NASDAQ:TBLA - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight brokerages that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $4.50.

TBLA has been the subject of a number of recent analyst reports. Needham & Company LLC increased their target price on shares of Taboola.com from $3.34 to $4.50 and gave the company a "buy" rating in a research report on Tuesday, June 17th. Weiss Ratings reissued a "hold (c)" rating on shares of Taboola.com in a research report on Wednesday. B. Riley increased their target price on shares of Taboola.com from $4.00 to $4.50 and gave the company a "buy" rating in a research report on Thursday, August 7th. Wall Street Zen downgraded shares of Taboola.com from a "buy" rating to a "hold" rating in a research report on Friday, October 3rd. Finally, BTIG Research initiated coverage on shares of Taboola.com in a research report on Tuesday. They set a "neutral" rating for the company.

Taboola.com Stock Performance

NASDAQ:TBLA opened at $3.18 on Friday. The company has a market capitalization of $841.75 million, a PE ratio of 79.50 and a beta of 1.27. The company has a 50 day simple moving average of $3.35 and a two-hundred day simple moving average of $3.32. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.07 and a current ratio of 1.08. Taboola.com has a fifty-two week low of $2.50 and a fifty-two week high of $4.30.

Insider Activity at Taboola.com

In other news, Director Erez Shachar sold 27,000 shares of the firm's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $3.38, for a total transaction 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 trade represents a 10.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 24.70% of the stock is currently owned by company insiders.

Institutional Trading of Taboola.com

Large investors have recently modified their holdings of the stock. Atria Wealth Solutions Inc. acquired a new stake in shares of Taboola.com during the 2nd quarter worth approximately $37,000. Pallas Capital Advisors LLC acquired a new stake in shares of Taboola.com during the 2nd quarter worth approximately $41,000. CWM LLC grew its position in shares of Taboola.com by 65.8% during the 1st quarter. CWM LLC now owns 11,348 shares of the company's stock worth $33,000 after buying an additional 4,502 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Taboola.com during the 2nd quarter worth approximately $43,000. Finally, Captrust Financial Advisors acquired a new stake in shares of Taboola.com during the 2nd quarter worth approximately $46,000. Institutional investors and hedge funds own 42.89% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.