Taboola.com (NASDAQ:TBLA) Shares Gap Down – What’s Next?

Taboola.com Ltd. (NASDAQ:TBLA) shares gapped down before the market opened on Monday . The stock had previously closed at $3.14, but opened at $2.90. Taboola.com shares last traded at $3.12, with a volume of 520,038 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TBLA. Needham & Company LLC reiterated a “buy” rating and issued a $5.00 target price on shares of Taboola.com in a research note on Friday, November 8th. Benchmark reissued a “buy” rating and issued a $5.00 target price on shares of Taboola.com in a research report on Monday, October 7th. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $5.31.

Taboola.com Price Performance

The business’s 50 day moving average is $3.34 and its two-hundred day moving average is $3.49. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market capitalization of $919.79 million, a PE ratio of -31.50 and a beta of 1.28.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). The company had revenue of $433.10 million during the quarter, compared to analysts’ expectations of $429.43 million. Taboola.com had a negative net margin of 1.96% and a negative return on equity of 1.68%. During the same quarter last year, the firm posted ($0.02) earnings per share. Equities research analysts anticipate that Taboola.com Ltd. will post 0.03 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Lynda M. Clarizio sold 29,606 shares of the business’s 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 completion of the transaction, the director now owns 176,158 shares of the company’s stock, valued at approximately $635,930.38. The trade was a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 22.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Taboola.com by 2.7% during the first quarter. Vanguard Group Inc. now owns 660,112 shares of the company’s stock valued at $2,931,000 after buying an additional 17,216 shares during the period. Acadian Asset Management LLC boosted its position in shares of Taboola.com by 558.2% during the 1st quarter. Acadian Asset Management LLC now owns 671,712 shares of the company’s stock valued at $2,977,000 after acquiring an additional 569,663 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of Taboola.com during the first quarter worth about $335,000. Price T Rowe Associates Inc. MD bought a new position in shares of Taboola.com in the first quarter worth approximately $271,000. Finally, Bayesian Capital Management LP purchased a new stake in Taboola.com in the first quarter valued at approximately $61,000. 42.89% of the stock is currently owned by hedge funds and other institutional investors.

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.