Taboola.com Ltd. (NASDAQ:TBLA) Short Interest Up 29.6% in June

Taboola.com Ltd. (NASDAQ:TBLA) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totalling 2,760,000 shares, a growth of 29.6% from the May 31st total of 2,130,000 shares. Based on an average daily volume of 922,500 shares, the days-to-cover ratio is currently 3.0 days. Currently, 1.9% of the shares of the stock are sold short.

Hedge Funds Weigh In On Taboola.com

Large investors have recently bought and sold shares of the business. Tidal Investments LLC purchased a new stake in shares of Taboola.com during the 1st quarter worth approximately $806,000. Levin Capital Strategies L.P. grew its holdings in shares of Taboola.com by 238.1% during the first quarter. Levin Capital Strategies L.P. now owns 884,104 shares of the company’s stock worth $3,925,000 after purchasing an additional 622,614 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Taboola.com in the 1st quarter valued at about $61,000. Price T Rowe Associates Inc. MD purchased a new position in Taboola.com during the 1st quarter worth approximately $271,000. Finally, Quadrature Capital Ltd acquired a new position in Taboola.com during the first quarter worth approximately $335,000. Hedge funds and other institutional investors own 42.89% of the company’s stock.

Analyst Upgrades and Downgrades

TBLA has been the subject of several research reports. B. Riley reaffirmed a “buy” rating and set a $5.25 price objective on shares of Taboola.com in a research note on Wednesday, April 24th. Needham & Company LLC reissued a “buy” rating and issued a $6.00 price target on shares of Taboola.com in a research note on Monday, May 20th. Finally, Benchmark reaffirmed a “buy” rating and set a $6.00 price target on shares of Taboola.com in a research report on Monday, May 6th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Taboola.com currently has a consensus rating of “Buy” and an average target price of $5.79.

Taboola.com Stock Up 0.9 %

TBLA stock traded up $0.03 during midday trading on Friday, hitting $3.44. The company’s stock had a trading volume of 417,628 shares, compared to its average volume of 839,920. Taboola.com has a 52-week low of $3.04 and a 52-week high of $5.00. The firm has a 50-day simple moving average of $3.98 and a 200-day simple moving average of $4.22. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $1.00 billion, a P/E ratio of -14.96 and a beta of 1.32.

Taboola.com (NASDAQ:TBLA) last posted its quarterly earnings results on Wednesday, May 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.01. Taboola.com had a negative return on equity of 2.64% and a negative net margin of 5.04%. The company had revenue of $414.01 million for the quarter, compared to analyst estimates of $401.73 million. As a group, equities analysts forecast that Taboola.com will post 0.03 EPS for the current year.

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.