Taboola.com Ltd. (NASDAQ:TBLA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Taboola.com Ltd. (NASDAQ:TBLA) have received an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $4.50.

Several research analysts have commented on TBLA shares. Wall Street Zen downgraded Taboola.com from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Taboola.com in a research report on Wednesday, October 8th. BTIG Research began coverage on shares of Taboola.com in a research note on Tuesday, October 7th. They set a “neutral” rating for the company. Finally, B. Riley increased their target price on shares of Taboola.com from $4.00 to $4.50 and gave the stock a “buy” rating in a research note on Thursday, August 7th.

Insider Activity

In related news, Director Erez Shachar sold 27,000 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $3.38, for a total value of $91,260.00. Following the sale, the director owned 218,827 shares in the company, valued at approximately $739,635.26. This trade represents a 10.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 22.40% of the company’s stock.

Hedge Funds Weigh In On Taboola.com

A number of institutional investors have recently added to or reduced their stakes in TBLA. Atria Wealth Solutions Inc. purchased a new stake in shares of Taboola.com in the 2nd quarter valued at about $37,000. Pallas Capital Advisors LLC bought a new position in shares of Taboola.com in the second quarter worth approximately $41,000. CWM LLC raised its stake in Taboola.com by 65.8% in the first 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. Headlands Technologies LLC bought a new stake in Taboola.com during the second quarter valued at approximately $43,000. Finally, Captrust Financial Advisors bought a new stake in Taboola.com during the second quarter valued at approximately $46,000. 42.89% of the stock is currently owned by institutional investors.

Taboola.com Price Performance

Taboola.com stock opened at $3.50 on Tuesday. The firm has a market capitalization of $926.45 million, a P/E ratio of 87.50 and a beta of 1.27. Taboola.com has a one year low of $2.50 and a one year high of $4.30. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 1.07. The business has a fifty day moving average price of $3.36 and a 200-day moving average price of $3.39.

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.