Taboola.com (NASDAQ:TBLA) Shares Gap Down – Here’s What Happened

Taboola.com Ltd. (NASDAQ:TBLA)’s share price gapped down before the market opened on Monday . The stock had previously closed at $3.14, but opened at $2.90. Taboola.com shares last traded at $3.12, with a volume of 520,038 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TBLA shares. Benchmark reaffirmed a “buy” rating and set a $5.00 target price on shares of Taboola.com in a research note on Monday, October 7th. Needham & Company LLC restated a “buy” rating and issued a $5.00 price target on shares of Taboola.com in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $5.31.

Taboola.com Stock Up 0.6 %

The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 1.31. The firm’s fifty day moving average price is $3.34 and its two-hundred day moving average price is $3.49. The stock has a market cap of $919.79 million, a price-to-earnings ratio of -31.50 and a beta of 1.28.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Taboola.com had a negative net margin of 1.96% and a negative return on equity of 1.68%. The firm had revenue of $433.10 million during the quarter, compared to analyst estimates of $429.43 million. During the same period last year, the business posted ($0.02) EPS. Sell-side analysts forecast that Taboola.com Ltd. will post 0.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Taboola.com

In other Taboola.com news, Director Lynda M. Clarizio sold 29,606 shares of the firm’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 transaction, the director now directly owns 176,158 shares of the company’s stock, valued at approximately $635,930.38. This trade represents a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 22.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Taboola.com

Several large investors have recently added to or reduced their stakes in TBLA. nVerses Capital LLC lifted its holdings in shares of Taboola.com by 74.5% in the third quarter. nVerses Capital LLC now owns 9,600 shares of the company’s stock valued at $32,000 after purchasing an additional 4,100 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Taboola.com during the 2nd quarter valued at $47,000. Bayesian Capital Management LP purchased a new position in Taboola.com during the 1st quarter worth $61,000. Aigen Investment Management LP bought a new stake in shares of Taboola.com in the 3rd quarter worth $63,000. Finally, EverSource Wealth Advisors LLC purchased a new stake in shares of Taboola.com in the second quarter valued at about $69,000. Institutional investors 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.