JMP Securities Has Lowered Expectations for Taboola.com (NASDAQ:TBLA) Stock Price

Taboola.com (NASDAQ:TBLA) had its price objective lowered by JMP Securities from $6.00 to $5.00 in a research note published on Monday morning,Benzinga reports. The firm currently has a market outperform rating on the stock.

TBLA has been the topic of several other reports. Needham & Company LLC restated a “buy” rating and set a $5.00 price objective on shares of Taboola.com in a report on Friday, January 17th. Benchmark reiterated a “buy” rating and set a $5.00 price objective on shares of Taboola.com in a research note on Monday, October 7th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $5.25.

Taboola.com Stock Performance

Shares of NASDAQ:TBLA opened at $3.57 on Monday. The business has a 50-day moving average of $3.73 and a two-hundred day moving average of $3.47. The firm has a market capitalization of $1.04 billion, a PE ratio of -35.70 and a beta of 1.26. Taboola.com has a 12 month low of $2.87 and a 12 month high of $5.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 1.31.

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

Insider Activity at Taboola.com

In other Taboola.com news, Director Richard T. Scanlon sold 250,000 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 70,642 shares of the company’s stock, valued at approximately $223,228.72. This trade represents a 77.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 22.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Millennium Management LLC lifted its position in shares of Taboola.com by 32.3% during the 2nd quarter. Millennium Management LLC now owns 1,339,987 shares of the company’s stock valued at $4,610,000 after acquiring an additional 327,518 shares during the last quarter. GSA Capital Partners LLP grew its stake in Taboola.com by 11.6% in the third quarter. GSA Capital Partners LLP now owns 814,598 shares of the company’s stock valued at $2,737,000 after purchasing an additional 84,382 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Taboola.com by 4.2% in the 2nd quarter. Renaissance Technologies LLC now owns 764,500 shares of the company’s stock valued at $2,630,000 after buying an additional 30,500 shares in the last quarter. JPMorgan Chase & Co. grew its position in Taboola.com by 54.7% in the third quarter. JPMorgan Chase & Co. now owns 727,181 shares of the company’s stock worth $2,443,000 after acquiring an additional 257,009 shares in the last quarter. Finally, ARK Investment Management LLC increased its position in Taboola.com by 9.2% during the third quarter. ARK Investment Management LLC now owns 594,590 shares of the company’s stock worth $1,998,000 after buying an additional 50,256 shares during the last quarter. 42.89% of the stock is owned by institutional investors and hedge funds.

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.