Taboola.com Ltd. (NASDAQ:TBLA - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $3.32, but opened at $3.20. Taboola.com shares last traded at $3.29, with a volume of 583,135 shares trading hands.
Wall Street Analyst Weigh In
A number of brokerages recently commented on TBLA. Wall Street Zen lowered Taboola.com from a "buy" rating to a "hold" rating in a research note on Friday. B. Riley upped their target price on Taboola.com from $4.00 to $4.50 and gave the company a "buy" rating in a research note on Thursday, August 7th. Benchmark dropped their price objective on Taboola.com from $4.50 to $4.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Finally, Needham & Company LLC increased their price objective on Taboola.com from $3.34 to $4.50 and gave the stock a "buy" rating in a research note on Tuesday, June 17th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $4.50.
Read Our Latest Research Report on TBLA
Taboola.com Stock Performance
The company has a market capitalization of $900.00 million, a price-to-earnings ratio of 85.00 and a beta of 1.27. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.08 and a quick ratio of 1.07. The stock has a 50 day moving average price of $3.47 and a two-hundred day moving average price of $3.30.
Insider Buying and Selling
In other Taboola.com news, COO Eldad Maniv sold 20,083 shares of the firm's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $3.75, for a total transaction of $75,311.25. Following the transaction, the chief operating officer owned 10,872,377 shares in the company, valued at approximately $40,771,413.75. This trade represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 24.70% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Taboola.com
Several institutional investors have recently modified their holdings of TBLA. Millennium Management LLC raised its position in Taboola.com by 42.9% in the 4th quarter. Millennium Management LLC now owns 2,217,442 shares of the company's stock valued at $8,094,000 after buying an additional 665,944 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Taboola.com by 16.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 41,300 shares of the company's stock worth $122,000 after purchasing an additional 5,829 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new position in shares of Taboola.com during the 4th quarter worth approximately $785,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Taboola.com by 37.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 373,075 shares of the company's stock worth $1,362,000 after purchasing an additional 101,677 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Taboola.com by 20.1% during the 4th quarter. Geode Capital Management LLC now owns 288,168 shares of the company's stock worth $1,052,000 after purchasing an additional 48,188 shares during the last quarter. Institutional investors own 42.89% of the company's stock.
About Taboola.com
(
Get Free Report)
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.
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