Brokerages Set Taboola.com Ltd. (NASDAQ:TBLA) Target Price at $4.80

Shares of Taboola.com Ltd. (NASDAQ:TBLA) have been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $4.80.

A number of equities analysts have issued reports on the company. BTIG Research assumed coverage on Taboola.com in a report on Tuesday, October 7th. They issued a “neutral” rating for the company. Rosenblatt Securities assumed coverage on Taboola.com in a research note on Friday, December 19th. They issued a “buy” rating and a $6.00 price objective for the company. Wall Street Zen upgraded shares of Taboola.com from a “hold” rating to a “strong-buy” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Taboola.com in a research report on Wednesday, October 8th.

Insiders Place Their Bets

In related news, Director Nechemia Jacob Peres sold 6,387,648 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $3.67, for a total transaction of $23,442,668.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Eldad Maniv sold 414,816 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $3.78, for a total value of $1,568,004.48. Following the completion of the sale, the chief operating officer directly owned 10,392,460 shares of the company’s stock, valued at approximately $39,283,498.80. The trade was a 3.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 6,812,509 shares of company stock valued at $25,048,341 over the last 90 days. 24.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Taboola.com

Several institutional investors have recently added to or reduced their stakes in the business. R Squared Ltd increased its stake in shares of Taboola.com by 17.8% in the 2nd quarter. R Squared Ltd now owns 20,761 shares of the company’s stock valued at $76,000 after acquiring an additional 3,141 shares in the last quarter. SG Americas Securities LLC increased its stake in Taboola.com by 51.1% in the fourth quarter. SG Americas Securities LLC now owns 17,579 shares of the company’s stock valued at $81,000 after purchasing an additional 5,944 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Taboola.com by 20.1% in the third quarter. Russell Investments Group Ltd. now owns 50,827 shares of the company’s stock valued at $176,000 after purchasing an additional 8,500 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Taboola.com by 16.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 63,574 shares of the company’s stock valued at $273,000 after purchasing an additional 8,886 shares during the period. Finally, Atria Wealth Solutions Inc. bought a new position in shares of Taboola.com during the 2nd quarter worth about $37,000. 42.89% of the stock is owned by institutional investors and hedge funds.

Taboola.com Trading Up 1.2%

Shares of Taboola.com stock opened at $4.14 on Friday. The firm’s 50 day moving average is $4.15 and its 200 day moving average is $3.67. The firm has a market capitalization of $1.19 billion, a PE ratio of 51.76 and a beta of 1.26. Taboola.com has a 1 year low of $2.50 and a 1 year high of $4.65. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08.

Taboola.com (NASDAQ:TBLA) last issued its earnings results on Wednesday, November 5th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). The company had revenue of $496.76 million during the quarter, compared to analyst estimates of $465.57 million. Taboola.com had a net margin of 1.34% and a return on equity of 8.12%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.02) EPS.

Taboola.com Company Profile

Taboola.com (NASDAQ: TBLA) operates a leading content discovery platform that connects advertisers with premium publishers through native advertising and personalized recommendations. The company’s technology analyzes user behavior and contextual information to deliver promoted content, video, and product recommendations to audiences across a network of thousands of websites and mobile apps. By leveraging machine learning and big data, Taboola helps publishers generate incremental revenue while enabling advertisers to reach engaged users at scale.

Taboola’s suite of products includes feed placements, video recommendations, and sponsored content units designed to blend seamlessly with editorial pages.