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

Taboola.com Ltd. (NASDAQ:TBLA) has received a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $4.25.

A number of equities analysts have recently weighed in on TBLA shares. Benchmark dropped their target price on Taboola.com from $4.50 to $4.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Needham & Company LLC reiterated a “buy” rating and issued a $4.00 target price on shares of Taboola.com in a research report on Thursday, March 27th. Citizens Jmp cut shares of Taboola.com from an “outperform” rating to a “market perform” rating in a report on Thursday, February 27th. Oppenheimer reiterated a “market perform” rating on shares of Taboola.com in a report on Wednesday, February 26th. Finally, B. Riley upgraded Taboola.com from a “neutral” rating to a “buy” rating and set a $4.00 price objective for the company in a report on Thursday, May 8th.

Taboola.com Price Performance

TBLA stock opened at $3.61 on Friday. Taboola.com has a one year low of $2.50 and a one year high of $4.30. The firm has a 50-day moving average of $3.14 and a two-hundred day moving average of $3.41. The firm has a market capitalization of $1.16 billion, a PE ratio of -36.10 and a beta of 1.29. 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 announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 26th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 22.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Taboola.com

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC increased its holdings in Taboola.com by 65.8% during the 1st quarter. CWM LLC now owns 11,348 shares of the company’s stock valued at $33,000 after purchasing an additional 4,502 shares in the last quarter. Baird Financial Group Inc. bought a new stake in shares of Taboola.com during the first quarter worth $59,000. Wolverine Trading LLC increased 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 valued at $63,000 after buying an additional 8,463 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Taboola.com in the fourth quarter valued at about $81,000. Finally, Royce & Associates LP bought a new position in shares of Taboola.com in the first quarter valued at about $86,000. 42.89% of the stock is currently owned by institutional investors and hedge funds.

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.