Taboola.com (NASDAQ:TBLA) Sees Strong Trading Volume – What’s Next?

Taboola.com Ltd. (NASDAQ:TBLA) saw an uptick in trading volume on Monday . 3,716,446 shares were traded during mid-day trading, an increase of 132% from the previous session’s volume of 1,603,043 shares.The stock last traded at $3.3780 and had previously closed at $3.30.

Analyst Ratings Changes

Several brokerages recently weighed in on TBLA. Wall Street Zen cut Taboola.com from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 28th. Zacks Research upgraded Taboola.com from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $4.50 price objective on shares of Taboola.com in a research note on Wednesday, February 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Taboola.com in a report on Thursday, January 22nd. Finally, Rosenblatt Securities boosted their target price on shares of Taboola.com from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Taboola.com presently has an average rating of “Moderate Buy” and a consensus price target of $5.00.

Taboola.com Price Performance

The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.11. The stock has a 50-day moving average price of $3.81 and a 200 day moving average price of $3.70. The stock has a market capitalization of $820.66 million, a price-to-earnings ratio of 22.10 and a beta of 1.34.

Taboola.com (NASDAQ:TBLA) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The business had revenue of $522.31 million during the quarter, compared to analyst estimates of $537.80 million. Taboola.com had a return on equity of 11.97% and a net margin of 2.21%.The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 EPS.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership grew its stake in Taboola.com by 412.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,113,200 shares of the company’s stock valued at $11,394,000 after acquiring an additional 2,505,249 shares during the period. LSV Asset Management raised its position in Taboola.com by 2,001.4% during the third quarter. LSV Asset Management now owns 1,983,558 shares of the company’s stock worth $6,764,000 after acquiring an additional 1,889,168 shares during the period. Acadian Asset Management LLC raised its position in Taboola.com by 1.8% during the second quarter. Acadian Asset Management LLC now owns 2,928,713 shares of the company’s stock worth $10,712,000 after acquiring an additional 52,791 shares during the period. Empowered Funds LLC lifted its holdings in Taboola.com by 73.4% during the second quarter. Empowered Funds LLC now owns 1,253,648 shares of the company’s stock valued at $4,588,000 after purchasing an additional 530,664 shares in the last quarter. Finally, Globeflex Capital L P grew its position in shares of Taboola.com by 67.7% in the second quarter. Globeflex Capital L P now owns 881,589 shares of the company’s stock valued at $3,227,000 after purchasing an additional 355,944 shares during the period. 42.89% of the stock is owned by institutional investors and hedge funds.

About Taboola.com

Taboola.com (NASDAQ: TBLA) operates a leading content discovery platform that connects advertisers with premium publishers through native advertising and personalized recommendations. The company’s technology analyzes user behavior and contextual information to deliver promoted content, video, and product recommendations to audiences across a network of thousands of websites and mobile apps. By leveraging machine learning and big data, Taboola helps publishers generate incremental revenue while enabling advertisers to reach engaged users at scale.

Taboola’s suite of products includes feed placements, video recommendations, and sponsored content units designed to blend seamlessly with editorial pages.