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

Shares of Taboola.com Ltd. (NASDAQ:TBLA) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $4.25.

TBLA has been the topic of a number of recent analyst reports. Benchmark lowered their price objective on Taboola.com from $4.50 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, May 8th. Needham & Company LLC restated a “buy” rating and set a $4.00 price target on shares of Taboola.com in a research report on Thursday, March 27th. Oppenheimer restated a “market perform” rating on shares of Taboola.com in a research report on Wednesday, February 26th. B. Riley upgraded Taboola.com from a “neutral” rating to a “buy” rating and set a $4.00 price target on the stock in a research report on Thursday, May 8th. Finally, Citizens Jmp downgraded Taboola.com from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 27th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TBLA. Empowered Funds LLC grew its stake in shares of Taboola.com by 410.5% during the fourth quarter. Empowered Funds LLC now owns 512,422 shares of the company’s stock valued at $1,870,000 after buying an additional 412,042 shares during the last quarter. Meitav Investment House Ltd. grew its stake in shares of Taboola.com by 9.4% during the fourth quarter. Meitav Investment House Ltd. now owns 75,500 shares of the company’s stock valued at $279,000 after buying an additional 6,500 shares during the last quarter. Yelin Lapidot Holdings Management Ltd. bought a new position in shares of Taboola.com during the fourth quarter valued at about $1,724,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Taboola.com by 4.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,480,668 shares of the company’s stock valued at $5,404,000 after buying an additional 63,324 shares during the last quarter. Finally, Globeflex Capital L P bought a new position in shares of Taboola.com during the fourth quarter valued at about $778,000. 42.89% of the stock is owned by institutional investors.

Taboola.com Trading Down 2.2%

Shares of TBLA stock opened at $3.48 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.31. Taboola.com has a 52-week low of $2.50 and a 52-week high of $4.30. The company has a market capitalization of $1.12 billion, a PE ratio of -34.80 and a beta of 1.29. The business’s fifty day moving average is $3.21 and its 200 day moving average is $3.41.

Taboola.com declared that its Board of Directors has initiated a share buyback plan on Wednesday, February 26th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 22.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

About Taboola.com

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.