Taboola.com (NASDAQ:TBLA) Shares Gap Down – Time to Sell?

Taboola.com Ltd. (NASDAQ:TBLA) gapped down prior to trading on Wednesday . The stock had previously closed at $3.58, but opened at $3.46. Taboola.com shares last traded at $3.59, with a volume of 26,685 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TBLA shares. Needham & Company LLC reissued a “buy” rating and set a $5.00 target price on shares of Taboola.com in a research report on Friday, November 8th. Benchmark reissued a “buy” rating and set a $5.00 price objective on shares of Taboola.com in a report on Monday, October 7th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $5.31.

Taboola.com Price Performance

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 company’s 50-day moving average is $3.37 and its 200-day moving average is $3.46. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of -35.50 and a beta of 1.28.

Taboola.com (NASDAQ:TBLA) last posted its earnings results on Thursday, November 7th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). Taboola.com had a negative return on equity of 1.68% and a negative net margin of 1.96%. The company had revenue of $433.10 million for the quarter, compared to the consensus estimate of $429.43 million. During the same quarter last year, the business earned ($0.02) EPS.

Insider Transactions at Taboola.com

In related news, Director Richard T. Scanlon sold 250,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $3.16, for a total transaction of $790,000.00. Following the sale, the director now directly owns 70,642 shares in the company, valued at $223,228.72. This represents a 77.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 22.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Taboola.com

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC raised its holdings in shares of Taboola.com by 181.2% in the second quarter. Acadian Asset Management LLC now owns 1,888,614 shares of the company’s stock valued at $6,489,000 after buying an additional 1,216,902 shares during the last quarter. Tredje AP fonden acquired a new stake in Taboola.com in the 2nd quarter valued at about $1,376,000. Millennium Management LLC lifted its position in shares of Taboola.com by 32.3% during the second quarter. Millennium Management LLC now owns 1,339,987 shares of the company’s stock worth $4,610,000 after purchasing an additional 327,518 shares in the last quarter. Algert Global LLC bought a new stake in shares of Taboola.com during the second quarter valued at approximately $1,020,000. Finally, Tidal Investments LLC acquired a new stake in shares of Taboola.com in the first quarter valued at approximately $806,000. 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.