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

Taboola.com Ltd. (NASDAQ:TBLA - Get Free Report) 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.

Analyst Upgrades and Downgrades

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

Taboola.com Trading Up 0.2 %

The firm has a market capitalization of $1.34 billion, a PE ratio of -18.42 and a beta of 1.35. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.13. The stock's fifty day simple moving average is $4.29 and its 200 day simple moving average is $4.18.

Taboola.com (NASDAQ:TBLA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.04) by $0.05. The firm had revenue of $419.80 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.11 earnings per share. On average, sell-side analysts predict that Taboola.com Ltd. will post 0.04 earnings per share for the current year.

Insider Buying and Selling

In other Taboola.com news, CTO Lior Golan sold 10,187 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $4.86, for a total transaction of $49,508.82. Following the completion of the transaction, the chief technology officer now owns 2,545,291 shares in the company, valued at $12,370,114.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 22.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Taboola.com

Several institutional investors have recently bought and sold shares of the business. Susquehanna Fundamental Investments LLC bought a new position in Taboola.com during the first quarter valued at $195,000. River Global Investors LLP bought a new position in Taboola.com during the first quarter valued at $908,000. Yarra Square Partners LP lifted its holdings in shares of Taboola.com by 6.6% in the 1st quarter. Yarra Square Partners LP now owns 1,049,485 shares of the company's stock worth $4,660,000 after acquiring an additional 65,000 shares during the last quarter. AlpInvest Partners B.V. bought a new stake in shares of Taboola.com in the 1st quarter worth about $271,000. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Taboola.com by 20.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 258,500 shares of the company's stock worth $1,148,000 after acquiring an additional 43,936 shares during the last quarter. 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.