Taboola.com Ltd. (NASDAQ:TBLA) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Taboola.com Ltd. (NASDAQ:TBLA) have received a consensus rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $5.00.

Several analysts have recently weighed in on TBLA shares. Benchmark restated a “buy” rating and set a $5.00 price objective on shares of Taboola.com in a research report on Tuesday. Oppenheimer reiterated a “market perform” rating on shares of Taboola.com in a research report on Wednesday. Needham & Company LLC reiterated a “buy” rating and issued a $5.00 price target on shares of Taboola.com in a research report on Friday, January 17th. B. Riley downgraded shares of Taboola.com from a “buy” rating to a “neutral” rating and reduced their price target for the company from $5.00 to $4.00 in a research report on Thursday. Finally, Citizens Jmp downgraded shares of Taboola.com from an “outperform” rating to a “market perform” rating in a research report on Thursday.

Taboola.com Stock Down 16.5 %

Shares of NASDAQ:TBLA opened at $3.09 on Thursday. The company has a market capitalization of $902.27 million, a PE ratio of -30.90 and a beta of 1.27. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14. Taboola.com has a twelve month low of $2.87 and a twelve month high of $4.96. The firm has a 50 day simple moving average of $3.74 and a 200-day simple moving average of $3.55.

Taboola.com declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 26th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 22.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Taboola.com

Several institutional investors have recently bought and sold shares of the company. Harbor Capital Advisors Inc. increased its stake in Taboola.com by 22.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 33,051 shares of the company’s stock valued at $121,000 after buying an additional 6,094 shares during the period. Meitav Investment House Ltd. increased its stake in Taboola.com by 9.4% in the 4th quarter. Meitav Investment House Ltd. now owns 75,500 shares of the company’s stock valued at $279,000 after buying an additional 6,500 shares during the period. Tidal Investments LLC increased its stake in Taboola.com by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 183,856 shares of the company’s stock valued at $618,000 after buying an additional 8,127 shares during the period. Wolverine Trading LLC increased its stake in Taboola.com by 98.4% in the 4th quarter. Wolverine Trading LLC now owns 17,063 shares of the company’s stock valued at $63,000 after buying an additional 8,463 shares during the period. Finally, Intellectus Partners LLC increased its stake in Taboola.com by 4.5% in the 3rd quarter. Intellectus Partners LLC now owns 367,668 shares of the company’s stock valued at $1,235,000 after buying an additional 16,000 shares during the period. 42.89% of the stock is owned by institutional investors and hedge funds.

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.