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

Shares of Taboola.com Ltd. (NASDAQ:TBLA) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $5.75.

Several equities research analysts have commented on the stock. Benchmark cut their price target on shares of Taboola.com from $6.50 to $5.50 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Rosenblatt Securities reaffirmed a “buy” rating and set a $7.00 price target on shares of Taboola.com in a report on Thursday, August 6th. Wall Street Zen downgraded shares of Taboola.com from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 8th. Needham & Company LLC boosted their target price on shares of Taboola.com from $4.50 to $5.50 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, TD Cowen cut their price target on Taboola.com from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Monday.

Insider Buying and Selling

In other news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $4.40, for a total value of $52,800,000.00. Following the completion of the transaction, the insider directly owned 18,039,644 shares in the company, valued at approximately $79,374,433.60. The trade was a 39.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 20.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TBLA. Baird Financial Group Inc. bought a new stake in Taboola.com during the first quarter worth $59,000. AQR Capital Management LLC increased its stake in shares of Taboola.com by 60.6% in the 1st quarter. AQR Capital Management LLC now owns 998,731 shares of the company’s stock valued at $2,946,000 after purchasing an additional 376,684 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Taboola.com by 41.1% in the 1st quarter. Empowered Funds LLC now owns 722,984 shares of the company’s stock valued at $2,133,000 after purchasing an additional 210,562 shares during the last quarter. Creative Planning acquired a new position in shares of Taboola.com during the 2nd quarter worth $154,000. Finally, American Century Companies Inc. raised its holdings in shares of Taboola.com by 22.3% during the 2nd quarter. American Century Companies Inc. now owns 420,732 shares of the company’s stock worth $1,540,000 after buying an additional 76,640 shares in the last quarter. 42.89% of the stock is owned by institutional investors.

Taboola.com Price Performance

NASDAQ TBLA opened at $3.88 on Thursday. The firm’s 50 day moving average is $4.90 and its 200-day moving average is $4.18. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $978.23 million, a PE ratio of 9.70 and a beta of 1.50. Taboola.com has a 12-month low of $2.84 and a 12-month high of $5.71.

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.