Taboola.com (NASDAQ:TBLA) Price Target Raised to $4.50

Taboola.com (NASDAQ:TBLA) had its target price upped by Needham & Company LLC from $3.34 to $4.50 in a report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

TBLA has been the topic of a number of other reports. Benchmark decreased their price target on Taboola.com from $4.50 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. 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 note on Thursday, May 8th. Oppenheimer reaffirmed a “market perform” rating on shares of Taboola.com in a report on Wednesday, February 26th. Finally, Citizens Jmp cut Taboola.com from an “outperform” rating to a “market perform” rating in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $4.38.

Taboola.com Stock Down 0.8%

Taboola.com stock opened at $3.65 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.32 and a quick ratio of 1.32. Taboola.com has a 1-year low of $2.50 and a 1-year high of $4.30. The company has a market cap of $1.17 billion, a PE ratio of 91.27 and a beta of 1.29. The stock’s 50 day moving average price is $3.29 and its 200 day moving average price is $3.41.

Taboola.com declared that its Board of Directors has initiated a stock repurchase program on Wednesday, February 26th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to purchase up to 22.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Taboola.com

A number of institutional investors have recently made changes to their positions in TBLA. Meitav Investment House Ltd. raised its holdings in shares of Taboola.com by 9.4% in the fourth quarter. Meitav Investment House Ltd. now owns 75,500 shares of the company’s stock worth $279,000 after acquiring an additional 6,500 shares during the last quarter. Yelin Lapidot Holdings Management Ltd. acquired a new position in shares of Taboola.com in the fourth quarter worth $1,724,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Taboola.com by 4.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,480,668 shares of the company’s stock worth $5,404,000 after acquiring an additional 63,324 shares during the last quarter. Globeflex Capital L P acquired a new position in shares of Taboola.com in the fourth quarter worth $778,000. Finally, Teacher Retirement System of Texas raised its holdings in shares of Taboola.com by 263.2% in the fourth quarter. Teacher Retirement System of Texas now owns 130,494 shares of the company’s stock worth $476,000 after acquiring an additional 94,565 shares during the last quarter. 42.89% of the stock is owned by institutional investors and hedge funds.

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.