Taboola.com (NASDAQ:TBLA) Shares Gap Up - Should You Buy?

Key Points

• Taboola.com shares gapped up from $3.21 to $3.70 before settling at $3.37, trading over 1 million shares during the session.
• Analysts have a consensus rating of "Moderate Buy" for Taboola.com, with price targets ranging from $4.00 to $4.50.
• Insider trading activity includes COO Eldad Maniv selling over 20,000 shares at an average price of $3.75, reducing his total holdings in the company.

Taboola.com Ltd. (NASDAQ:TBLA - Get Free Report)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $3.21, but opened at $3.70. Taboola.com shares last traded at $3.37, with a volume of 1,076,189 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Needham & Company LLC lifted their price target on shares of Taboola.com from $3.34 to $4.50 and gave the company a "buy" rating in a research report on Tuesday, June 17th. B. Riley boosted their price objective on shares of Taboola.com from $4.00 to $4.50 and gave the stock a "buy" rating in a report on Thursday. Finally, Benchmark decreased their price target on shares of Taboola.com from $4.50 to $4.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Taboola.com presently has an average rating of "Moderate Buy" and an average price target of $4.50.

Taboola.com Trading Down 4.5%

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.32 and a quick ratio of 1.32. The company has a fifty day simple moving average of $3.53 and a two-hundred day simple moving average of $3.34. The company has a market capitalization of $1.05 billion, a P/E ratio of 81.63 and a beta of 1.27.

Insider Transactions at Taboola.com

In other Taboola.com news, COO Eldad Maniv sold 20,083 shares of the firm's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $3.75, for a total value of $75,311.25. Following the sale, the chief operating officer owned 10,872,377 shares of the company's stock, valued at $40,771,413.75. This trade represents a 0.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 24.70% of the stock is owned by company insiders.

Institutional Trading of Taboola.com

A number of hedge funds have recently modified their holdings of the company. CWM LLC increased its holdings in Taboola.com by 65.8% in the 1st quarter. CWM LLC now owns 11,348 shares of the company's stock valued at $33,000 after buying an additional 4,502 shares during the period. Atria Wealth Solutions Inc. acquired a new position in Taboola.com in the second quarter valued at about $37,000. Pallas Capital Advisors LLC bought a new stake in Taboola.com during the second quarter worth about $41,000. Baird Financial Group Inc. acquired a new stake in shares of Taboola.com during the first quarter worth approximately $59,000. Finally, Wolverine Trading LLC raised its stake in shares of Taboola.com by 98.4% in the fourth quarter. Wolverine Trading LLC now owns 17,063 shares of the company's stock valued at $63,000 after acquiring an additional 8,463 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.