Taboola.com (NASDAQ:TBLA) Stock Price Down 7.8% – What’s Next?

Taboola.com Ltd. (NASDAQ:TBLA) traded down 7.8% during trading on Thursday . The company traded as low as $2.99 and last traded at $3.08. 462,324 shares were traded during trading, a decline of 56% from the average session volume of 1,042,283 shares. The stock had previously closed at $3.34.

Analyst Upgrades and Downgrades

TBLA has been the subject of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $5.00 price objective on shares of Taboola.com in a research report on Wednesday, October 16th. 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 research 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 target price of $5.31.

Taboola.com Stock Performance

The firm has a fifty day moving average of $3.36 and a 200-day moving average of $3.56. 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 firm has a market cap of $956.01 million, a P/E ratio of -21.93 and a beta of 1.28.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. The business had revenue of $428.00 million during the quarter, compared to analysts’ expectations of $428.67 million. Taboola.com had a negative return on equity of 1.57% and a negative net margin of 3.07%. The firm’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.05) earnings per share. Research analysts predict that Taboola.com Ltd. will post 0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Lynda M. Clarizio sold 29,606 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $3.61, for a total value of $106,877.66. Following the completion of the sale, the director now directly owns 176,158 shares of the company’s stock, valued at $635,930.38. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 22.40% of the company’s stock.

Institutional Trading of Taboola.com

Several hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC grew its stake in 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 acquiring an additional 4,100 shares during the period. Van ECK Associates Corp increased its stake in Taboola.com by 8.5% during the 2nd quarter. Van ECK Associates Corp now owns 71,035 shares of the company’s stock worth $244,000 after purchasing an additional 5,535 shares in the last quarter. Meitav Investment House Ltd. raised its holdings in Taboola.com by 11.3% during the 3rd quarter. Meitav Investment House Ltd. now owns 69,000 shares of the company’s stock worth $242,000 after buying an additional 7,000 shares during the period. Arizona State Retirement System lifted its stake in Taboola.com by 22.2% in the second quarter. Arizona State Retirement System now owns 45,493 shares of the company’s stock valued at $156,000 after buying an additional 8,262 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Taboola.com by 40.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,877 shares of the company’s stock valued at $154,000 after buying an additional 12,869 shares during the period. Institutional investors and hedge funds own 42.89% of the company’s stock.

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.