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

Taboola.com Ltd. (NASDAQ:TBLA) has earned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $4.75.

TBLA has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of Taboola.com from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Taboola.com in a research report on Thursday, January 22nd. Finally, Rosenblatt Securities assumed coverage on Taboola.com in a research report on Friday, December 19th. They set a “buy” rating and a $6.00 target price on the stock.

Hedge Funds Weigh In On Taboola.com

A number of institutional investors have recently made changes to their positions in the business. Baird Financial Group Inc. acquired a new stake in shares of Taboola.com during the first quarter worth approximately $59,000. AQR Capital Management LLC raised its holdings in Taboola.com by 60.6% in the first quarter. AQR Capital Management LLC now owns 998,731 shares of the company’s stock valued at $2,946,000 after acquiring an additional 376,684 shares in the last quarter. Empowered Funds LLC boosted its stake in Taboola.com by 41.1% during the 1st quarter. Empowered Funds LLC now owns 722,984 shares of the company’s stock valued at $2,133,000 after acquiring an additional 210,562 shares during the last quarter. CWM LLC grew its holdings in Taboola.com by 244.7% during the 2nd quarter. CWM LLC now owns 39,116 shares of the company’s stock worth $143,000 after acquiring an additional 27,768 shares in the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new position in Taboola.com during the 2nd quarter worth $37,000. 42.89% of the stock is owned by institutional investors and hedge funds.

Taboola.com Stock Down 2.9%

Shares of NASDAQ:TBLA opened at $3.40 on Thursday. The company has a market capitalization of $979.95 million, a price-to-earnings ratio of 42.51 and a beta of 1.29. The company has a 50 day moving average of $4.11 and a two-hundred day moving average of $3.70. Taboola.com has a 52-week low of $2.50 and a 52-week high of $4.65. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.08.

About Taboola.com

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.