Brokerages Set Taboola.com Ltd. (NASDAQ:TBLA) Target Price at $4.75

Taboola.com Ltd. (NASDAQ:TBLA) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $4.75.

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Taboola.com from a “hold” rating to a “strong-buy” rating in a report on Saturday, November 8th. Weiss Ratings restated a “hold (c)” rating on shares of Taboola.com in a research note on Thursday, January 22nd. Finally, Rosenblatt Securities began coverage on Taboola.com in a research report on Friday, December 19th. They set a “buy” rating and a $6.00 price objective for the company.

Taboola.com Stock Down 0.3%

TBLA stock opened at $3.30 on Thursday. The company’s 50 day moving average price is $4.04 and its 200 day moving average price is $3.70. The firm has a market capitalization of $951.13 million, a price-to-earnings ratio of 41.26 and a beta of 1.29. Taboola.com has a fifty-two week low of $2.50 and a fifty-two week high of $4.65. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 1.06.

Institutional Trading of Taboola.com

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Taboola.com by 126.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 79,591 shares of the company’s stock valued at $367,000 after buying an additional 44,498 shares in the last quarter. Empowered Funds LLC lifted its position in Taboola.com by 4.1% in the fourth quarter. Empowered Funds LLC now owns 1,427,478 shares of the company’s stock valued at $6,581,000 after acquiring an additional 55,910 shares during the last quarter. XTX Topco Ltd boosted its stake in Taboola.com by 78.8% in the fourth quarter. XTX Topco Ltd now owns 635,318 shares of the company’s stock valued at $2,929,000 after acquiring an additional 280,036 shares in the last quarter. VARCOV Co. purchased a new position in shares of Taboola.com during the fourth quarter worth about $761,000. Finally, Stoic Point Capital Management LLC acquired a new stake in shares of Taboola.com during the fourth quarter worth about $5,699,000. Institutional investors and hedge funds own 42.89% of the company’s stock.

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.