Benchmark Reaffirms Buy Rating for Taboola.com (NASDAQ:TBLA)

Taboola.com (NASDAQ:TBLA)‘s stock had its “buy” rating reissued by investment analysts at Benchmark in a report released on Tuesday,Benzinga reports. They presently have a $5.00 price target on the stock. Benchmark’s price target points to a potential upside of 36.05% from the stock’s previous close.

Other analysts also recently issued reports about the company. Needham & Company LLC restated a “buy” rating and issued a $5.00 price objective on shares of Taboola.com in a report on Friday, January 17th. JMP Securities decreased their target price on shares of Taboola.com from $6.00 to $5.00 and set a “market outperform” rating for the company in a research report on Monday, January 27th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Taboola.com presently has an average rating of “Buy” and an average price target of $5.25.

Taboola.com Trading Up 1.0 %

Shares of Taboola.com stock traded up $0.04 on Tuesday, hitting $3.68. The stock had a trading volume of 170,994 shares, compared to its average volume of 678,849. Taboola.com has a twelve month low of $2.87 and a twelve month high of $4.96. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market capitalization of $1.07 billion, a P/E ratio of -36.75 and a beta of 1.27. The stock has a 50 day moving average of $3.76 and a 200 day moving average of $3.55.

Institutional Investors Weigh In On Taboola.com

Several hedge funds and other institutional investors have recently bought and sold shares of TBLA. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Taboola.com by 37.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 373,075 shares of the company’s stock valued at $1,362,000 after buying an additional 101,677 shares during the period. Wolverine Trading LLC increased its holdings in shares of Taboola.com by 98.4% during the fourth quarter. Wolverine Trading LLC now owns 17,063 shares of the company’s stock valued at $63,000 after acquiring an additional 8,463 shares in the last quarter. Sphera Management Technology Funds Ltd bought a new position in shares of Taboola.com in the 4th quarter worth $730,000. Squarepoint Ops LLC lifted its holdings in shares of Taboola.com by 168.1% in the 4th quarter. Squarepoint Ops LLC now owns 150,793 shares of the company’s stock worth $550,000 after purchasing an additional 94,555 shares in the last quarter. Finally, Two Sigma Advisers LP grew its position in Taboola.com by 184.9% in the 4th quarter. Two Sigma Advisers LP now owns 355,000 shares of the company’s stock valued at $1,296,000 after purchasing an additional 230,400 shares during the period. 42.89% of the stock is owned by institutional investors.

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.