Taboola.com (NASDAQ:TBLA) Shares Gap Down – Should You Sell?

Taboola.com Ltd. (NASDAQ:TBLA) shares gapped down prior to trading on Monday. The stock had previously closed at $3.54, but opened at $3.40. Taboola.com shares last traded at $3.4250, with a volume of 86,489 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TBLA shares. Benchmark decreased their price objective on Taboola.com from $6.50 to $5.50 and set a “buy” rating on the stock in a report on Thursday, August 6th. Weiss Ratings lowered Taboola.com from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, October 12th. TD Cowen dropped their target price on Taboola.com from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Monday, August 10th. Rosenblatt Securities reiterated a “buy” rating and set a $7.00 target price on shares of Taboola.com in a research report on Thursday, August 6th. Finally, Wall Street Zen downgraded Taboola.com from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 8th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $5.75.

Taboola.com Price Performance

The company has a market capitalization of $868.54 million, a price-to-earnings ratio of 8.61 and a beta of 1.50. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.08. The company has a 50 day simple moving average of $3.66 and a 200 day simple moving average of $4.26.

Institutional Trading of Taboola.com

Institutional investors have recently modified their holdings of the company. Williams & Novak Wealth Management LLC increased its position in shares of Taboola.com by 26.2% in the third quarter. Williams & Novak Wealth Management LLC now owns 22,390 shares of the company’s stock worth $75,000 after acquiring an additional 4,650 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Taboola.com in the 2nd quarter valued at $26,000. SG Americas Securities LLC raised its stake in shares of Taboola.com by 31.5% in the 1st quarter. SG Americas Securities LLC now owns 23,125 shares of the company’s stock valued at $72,000 after acquiring an additional 5,546 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in shares of Taboola.com by 27.7% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 29,074 shares of the company’s stock valued at $145,000 after acquiring an additional 6,302 shares during the period. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Taboola.com during the 2nd quarter valued at $50,000. Hedge funds and other institutional investors own 42.89% of the company’s stock.

About Taboola.com

Taboola.com Ltd. is a technology company that operates a digital advertising and content recommendation platform. Its software uses data and artificial intelligence to recommend articles, videos, products and other sponsored content to users across publisher websites, mobile applications and connected devices.

Taboola serves advertisers seeking audience reach and performance-based campaigns, as well as publishers looking to engage users and generate revenue from their digital properties.