Taboola.com (NASDAQ:TBLA) Shares Gap Down – Time to Sell?

Taboola.com Ltd. (NASDAQ:TBLA) shares gapped down before the market opened on Tuesday . The stock had previously closed at $3.76, but opened at $3.67. Taboola.com shares last traded at $3.71, with a volume of 143,133 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and set a $5.00 target price on shares of Taboola.com in a research note on Wednesday, October 16th. Benchmark reaffirmed 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, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $5.31.

Taboola.com Stock Down 1.3 %

The firm’s 50 day moving average is $3.33 and its 200-day moving average is $3.60. The firm has a market cap of $1.06 billion, a PE ratio of -16.09 and a beta of 1.29. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Taboola.com (NASDAQ:TBLA) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. The company had revenue of $428.00 million for the quarter, compared to analyst estimates of $428.67 million. Taboola.com had a negative return on equity of 1.57% and a negative net margin of 3.07%. The business’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.05) EPS. As a group, equities research analysts expect that Taboola.com Ltd. will post 0.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Taboola.com news, Director Lynda M. Clarizio sold 29,606 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $3.61, for a total transaction of $106,877.66. Following the transaction, the director now owns 176,158 shares of the company’s stock, valued at $635,930.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 22.40% of the company’s stock.

Hedge Funds Weigh In On Taboola.com

Several hedge funds and other institutional investors have recently modified their holdings of the company. nVerses Capital LLC raised its holdings 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 buying an additional 4,100 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Taboola.com in the 2nd quarter valued at $47,000. Algert Global LLC acquired a new position in shares of Taboola.com during the 2nd quarter valued at $1,020,000. Millennium Management LLC boosted its position in Taboola.com by 32.3% during the 2nd quarter. Millennium Management LLC now owns 1,339,987 shares of the company’s stock worth $4,610,000 after purchasing an additional 327,518 shares during the period. Finally, AQR Capital Management LLC increased its holdings in Taboola.com by 11.6% in the 2nd quarter. AQR Capital Management LLC now owns 271,401 shares of the company’s stock valued at $934,000 after purchasing an additional 28,161 shares in 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.