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

Taboola.com Ltd. (NASDAQ:TBLA)’s stock 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 traded.

Analyst Ratings Changes

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

Taboola.com Price Performance

The stock has a fifty day moving average of $4.29 and a 200-day moving average of $4.18. The firm has a market capitalization of $1.30 billion, a P/E ratio of -18.37 and a beta of 1.35. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.13.

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

Insider Buying and Selling

In other news, CTO Lior Golan sold 10,187 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $4.86, for a total transaction of $49,508.82. Following the transaction, the chief technology officer now 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 Securities & Exchange Commission, which is available at this hyperlink. 22.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Taboola.com

Institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP boosted its stake in Taboola.com by 22.2% in the fourth quarter. Wellington Management Group LLP now owns 15,767,681 shares of the company’s stock valued at $68,274,000 after acquiring an additional 2,859,451 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in Taboola.com by 20.9% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,043,235 shares of the company’s stock valued at $17,507,000 after purchasing an additional 700,000 shares during the last quarter. GSA Capital Partners LLP lifted its stake in Taboola.com by 292.4% in the fourth quarter. GSA Capital Partners LLP now owns 657,758 shares of the company’s stock valued at $2,848,000 after buying an additional 490,149 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Taboola.com by 655.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 419,111 shares of the company’s stock worth $1,588,000 after buying an additional 363,662 shares during the last quarter. Finally, Y.D. More Investments Ltd bought a new position in Taboola.com during the third quarter worth about $1,140,000. 42.89% of the stock is owned by institutional investors.

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.