Taboola.com (NASDAQ:TBLA) Shares Gap Down to $4.53

Taboola.com Ltd. (NASDAQ:TBLA)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $4.53, but opened at $4.08. Taboola.com shares last traded at $4.25, with a volume of 675,385 shares.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $6.00 price objective on shares of Taboola.com in a report on Wednesday. B. Riley reiterated a “buy” rating and issued a $5.25 price objective on shares of Taboola.com in a research report on Wednesday, April 24th. Oppenheimer increased their target price on Taboola.com from $5.50 to $6.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. TheStreet raised shares of Taboola.com from a “d+” rating to a “c-” rating in a report on Friday, January 19th. Finally, Benchmark reaffirmed a “buy” rating and issued a $6.00 target price on shares of Taboola.com in a research note on Monday. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $5.79.

Taboola.com Stock Up 0.3 %

The business’s fifty day simple moving average is $4.30 and its 200 day simple moving average is $4.18. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of -18.98 and a beta of 1.35.

Taboola.com (NASDAQ:TBLA) last posted its earnings results on Wednesday, February 28th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.05. The company had revenue of $419.80 million during the quarter, compared to analyst estimates of $436.96 million. Taboola.com had a negative return on equity of 1.85% and a negative net margin of 5.70%. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 EPS. Equities analysts forecast that Taboola.com Ltd. will post 0.04 earnings per share for the current fiscal year.

Insider Buying and Selling at Taboola.com

In other news, CTO Lior Golan sold 10,187 shares of Taboola.com stock in a transaction on Monday, February 12th. The shares were sold at an average price of $4.86, for a total transaction of $49,508.82. Following the transaction, the chief technology officer now directly owns 2,545,291 shares of the company’s stock, valued at $12,370,114.26. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 22.40% of the company’s stock.

Institutional Investors Weigh In On Taboola.com

A number of hedge funds have recently modified their holdings of TBLA. Bank of New York Mellon Corp increased its stake in Taboola.com by 24.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 20,504 shares of the company’s stock worth $78,000 after purchasing an additional 4,030 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new stake in shares of Taboola.com during the fourth quarter worth $98,000. Harbor Capital Advisors Inc. raised its holdings in shares of Taboola.com by 10.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 28,326 shares of the company’s stock worth $123,000 after acquiring an additional 2,726 shares during the period. Hennion & Walsh Asset Management Inc. bought a new stake in Taboola.com in the 3rd quarter valued at $145,000. Finally, Schnieders Capital Management LLC acquired a new position in Taboola.com in the 1st quarter worth $163,000. Institutional investors and hedge funds own 42.89% of the company’s stock.

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.