Taboola.com (NASDAQ:TBLA) Shares Gap Down – Should You Sell?

Taboola.com Ltd. (NASDAQ:TBLA) gapped down prior to trading on Tuesday . The stock had previously closed at $3.76, but opened at $3.67. Taboola.com shares last traded at $3.71, with a volume of 143,133 shares changing hands.

Analyst Ratings Changes

TBLA has been the subject of several research analyst reports. Benchmark restated a “buy” rating and set a $5.00 price target on shares of Taboola.com in a research report on Monday, October 7th. Needham & Company LLC restated a “buy” rating and issued a $5.00 target price on shares of Taboola.com in a research report on Wednesday, October 16th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Taboola.com presently has a consensus rating of “Buy” and an average target price of $5.31.

Taboola.com Stock Performance

The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a fifty day moving average price of $3.32 and a 200 day moving average price of $3.61. The firm has a market cap of $1.08 billion, a PE ratio of -16.57 and a beta of 1.29.

Taboola.com (NASDAQ:TBLA) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.04. The firm had revenue of $428.00 million for the quarter, compared to analyst estimates of $428.67 million. Taboola.com had a negative net margin of 3.07% and a negative return on equity of 1.57%. The business’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.05) EPS. As a group, equities research analysts expect that Taboola.com Ltd. will post 0.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Taboola.com news, Director Lynda M. Clarizio sold 29,606 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $3.61, for a total value of $106,877.66. Following the completion of the transaction, the director now owns 176,158 shares in the company, valued at $635,930.38. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 22.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Taboola.com

A number of hedge funds and other institutional investors have recently made changes to their positions in TBLA. Acadian Asset Management LLC increased its position in Taboola.com by 181.2% during the second quarter. Acadian Asset Management LLC now owns 1,888,614 shares of the company’s stock worth $6,489,000 after buying an additional 1,216,902 shares during the period. 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 buying an additional 622,614 shares during the last quarter. Tredje AP fonden purchased a new stake in Taboola.com during the 2nd quarter valued at approximately $1,376,000. Millennium Management LLC grew its position in Taboola.com by 32.3% in the 2nd quarter. Millennium Management LLC now owns 1,339,987 shares of the company’s stock valued at $4,610,000 after buying an additional 327,518 shares during the last quarter. Finally, Algert Global LLC acquired a new position in Taboola.com during the 2nd quarter worth approximately $1,020,000. Institutional investors and hedge funds own 42.89% of the company’s stock.

Taboola.com Company Profile

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.