Taboola.com (NASDAQ:TBLA) Shares Gap Down to $4.53

Taboola.com Ltd. (NASDAQ:TBLA)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $4.53, but opened at $4.08. Taboola.com shares last traded at $4.25, with a volume of 675,385 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TBLA shares. Oppenheimer boosted their price target on Taboola.com from $5.50 to $6.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Needham & Company LLC restated a “buy” rating and set a $6.00 price target on shares of Taboola.com in a research note on Wednesday. B. Riley restated a “buy” rating and set a $5.25 price objective on shares of Taboola.com in a research report on Wednesday, April 24th. TheStreet raised shares of Taboola.com from a “d+” rating to a “c-” rating in a report on Friday, January 19th. Finally, Benchmark reissued a “buy” rating and set a $6.00 price target on shares of Taboola.com in a report on Monday. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $5.79.

Taboola.com Price Performance

The stock has a market cap of $1.30 billion, a price-to-earnings ratio of -18.37 and a beta of 1.35. The company’s 50 day moving average is $4.29 and its 200 day moving average is $4.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.32 and a quick ratio of 1.32.

Taboola.com (NASDAQ:TBLA) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. The company had revenue of $419.80 million during the quarter, compared to the consensus estimate of $436.96 million. Taboola.com had a negative net margin of 5.70% and a negative return on equity of 1.85%. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period last year, the firm earned $0.11 EPS. Research analysts forecast that Taboola.com Ltd. will post 0.04 earnings per share for the current fiscal year.

Insider Activity

In related news, CTO Lior Golan sold 10,187 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $4.86, for a total value of $49,508.82. Following the sale, the chief technology officer now directly owns 2,545,291 shares in the company, valued at approximately $12,370,114.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 22.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp grew its holdings in shares of Taboola.com by 24.5% during the third quarter. Bank of New York Mellon Corp now owns 20,504 shares of the company’s stock worth $78,000 after buying an additional 4,030 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in Taboola.com during the fourth quarter worth approximately $98,000. Harbor Capital Advisors Inc. grew its stake in Taboola.com by 10.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 28,326 shares of the company’s stock worth $123,000 after acquiring an additional 2,726 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new position in Taboola.com in the 3rd quarter valued at $145,000. Finally, Schnieders Capital Management LLC purchased a new position in shares of Taboola.com during the 1st quarter worth $163,000. 42.89% of the stock is owned by hedge funds and other institutional investors.

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.