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

Key Points

• Taboola.com shares fell at the open, dropping from a previous close of $3.54 to $3.40 and last trading near $3.43.
• Analyst sentiment remains cautiously positive: four analysts rate the stock a Buy and two rate it a Hold, producing a consensus “Moderate Buy” rating with a $5.75 target price, despite several recent target and rating cuts.
• Institutional ownership stands at 42.89%, with several major investors increasing their positions, including State Street, which boosted its holdings by 355% during the second quarter.

Taboola.com Ltd. (NASDAQ:TBLA - Get Free Report)'s stock price gapped down before the market opened 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.

Analyst Ratings Changes

A number of research firms have commented on TBLA. Weiss Ratings cut shares of Taboola.com from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, October 12th. Benchmark dropped their price target on shares of Taboola.com from $6.50 to $5.50 and set a "buy" rating for the company in a research report on Thursday, August 6th. Wall Street Zen cut shares of Taboola.com from a "strong-buy" rating to a "hold" rating in a research report on Saturday, August 8th. TD Cowen decreased their price objective on Taboola.com from $6.00 to $5.00 and set a "buy" rating for the company in a report on Monday, August 10th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and issued a $7.00 target price on shares of Taboola.com in a report on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $5.75.

Taboola.com Stock Performance

The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.08. The stock's 50 day moving average price is $3.66 and its two-hundred day moving average price is $4.26. The firm has a market capitalization of $868.54 million, a PE ratio of 8.61 and a beta of 1.50.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TBLA. State Street Corp grew its holdings in shares of Taboola.com by 355.0% during the second quarter. State Street Corp now owns 3,944,961 shares of the company's stock worth $19,725,000 after buying an additional 3,077,973 shares in the last quarter. Globeflex Capital L P purchased a new position in shares of Taboola.com during the second quarter valued at approximately $9,555,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Taboola.com by 14.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,719,172 shares of the company's stock valued at $5,329,000 after buying an additional 214,758 shares during the period. Empowered Funds LLC boosted its position in Taboola.com by 3.9% during the first quarter. Empowered Funds LLC now owns 1,483,014 shares of the company's stock worth $4,597,000 after acquiring an additional 55,536 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its position in Taboola.com by 5.3% during the first quarter. Lazard Asset Management LLC now owns 1,311,639 shares of the company's stock worth $4,066,000 after acquiring an additional 66,543 shares during the last quarter. Institutional investors and hedge funds 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.

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