Brokerages Set Taboola.com Ltd. (NASDAQ:TBLA) Target Price at $4.38

Key Points

• Taboola.com Ltd. has received a consensus rating of "Moderate Buy" from six analysts, with an average 12-month price target of $4.38.
• Recent insider activity included COO Eldad Maniv selling 20,083 shares at an average price of $3.75, keeping ownership of around 10.87 million shares.
• Institutional investors have increased their stakes in Taboola.com, with significant raises reported from firms such as CWM LLC and Wealth Enhancement Advisory Services LLC.

Taboola.com Ltd. (NASDAQ:TBLA - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six analysts that are presently covering the stock, 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 target price among brokerages that have covered the stock in the last year is $4.38.

Several equities analysts have weighed in on the company. B. Riley raised Taboola.com from a "neutral" rating to a "buy" rating and set a $4.00 target price on the stock in a research note on Thursday, May 8th. Benchmark lowered their target price on Taboola.com from $4.50 to $4.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, Needham & Company LLC lifted their target price on Taboola.com from $3.34 to $4.50 and gave the company a "buy" rating in a research note on Tuesday, June 17th.

Insider Buying and Selling

In other Taboola.com news, COO Eldad Maniv sold 20,083 shares of the stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $3.75, for a total value of $75,311.25. Following the transaction, the chief operating officer owned 10,872,377 shares of the company's stock, valued at approximately $40,771,413.75. This represents a 0.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 24.70% of the company's stock.

Institutional Investors Weigh In On Taboola.com

Hedge funds have recently modified their holdings of the business. Wellington Management Group LLP grew its stake in Taboola.com by 6.1% in the fourth quarter. Wellington Management Group LLP now owns 19,205,915 shares of the company's stock valued at $70,102,000 after purchasing an additional 1,109,602 shares in the last quarter. Phoenix Financial Ltd. boosted its stake in shares of Taboola.com by 0.3% during the 1st quarter. Phoenix Financial Ltd. now owns 7,419,080 shares of the company's stock worth $21,886,000 after acquiring an additional 21,400 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Taboola.com by 13.1% during the 1st quarter. Acadian Asset Management LLC now owns 2,875,922 shares of the company's stock worth $8,476,000 after acquiring an additional 332,660 shares during the period. Millennium Management LLC boosted its stake in shares of Taboola.com by 42.9% during the 4th quarter. Millennium Management LLC now owns 2,217,442 shares of the company's stock worth $8,094,000 after acquiring an additional 665,944 shares during the period. Finally, Bridgeway Capital Management LLC boosted its stake in shares of Taboola.com by 15.5% during the 1st quarter. Bridgeway Capital Management LLC now owns 1,572,984 shares of the company's stock worth $4,640,000 after acquiring an additional 210,562 shares during the period. Institutional investors and hedge funds own 42.89% of the company's stock.

Taboola.com Trading Down 0.6%

TBLA traded down $0.02 during trading on Friday, reaching $3.23. The company had a trading volume of 1,057,094 shares, compared to its average volume of 952,243. The firm's 50-day simple moving average is $3.56 and its 200 day simple moving average is $3.35. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 80.77 and a beta of 1.28. Taboola.com has a 12-month low of $2.50 and a 12-month high of $4.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 1.32.

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.