Taboola.com Ltd. (NASDAQ:TBLA) Sees Significant Decrease in Short Interest

Taboola.com Ltd. (NASDAQ:TBLAGet Rating) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totalling 1,140,000 shares, a decline of 31.7% from the March 31st total of 1,670,000 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average daily trading volume, of 645,500 shares, the short-interest ratio is currently 1.8 days.

A number of analysts have recently commented on TBLA shares. Needham & Company LLC dropped their target price on shares of Taboola.com from $13.00 to $10.00 in a report on Friday, January 21st. Susquehanna Bancshares dropped their target price on shares of Taboola.com from $15.00 to $10.00 and set a “positive” rating on the stock in a report on Thursday, February 24th. Susquehanna dropped their target price on shares of Taboola.com from $15.00 to $10.00 and set a “positive” rating on the stock in a report on Thursday, February 24th. JMP Securities restated a “buy” rating and set a $12.00 target price on shares of Taboola.com in a report on Wednesday, March 30th. Finally, Zacks Investment Research upgraded shares of Taboola.com from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a report on Wednesday. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $11.00.

TBLA opened at $4.31 on Friday. The stock has a 50-day moving average price of $5.24 and a 200-day moving average price of $6.86. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.37. Taboola.com has a 1 year low of $4.24 and a 1 year high of $11.44.

Large investors have recently modified their holdings of the business. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Taboola.com in the 4th quarter worth about $25,000. DGS Capital Management LLC purchased a new position in Taboola.com in the 4th quarter worth about $83,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Taboola.com in the 4th quarter worth about $95,000. McDonald Partners LLC purchased a new position in Taboola.com in the 1st quarter worth about $66,000. Finally, Blair William & Co. IL purchased a new position in Taboola.com in the 4th quarter worth about $102,000. 26.68% of the stock is owned by institutional investors and hedge funds.

Taboola.com Company Profile (Get Rating)

Taboola.com Ltd., together with its subsidiaries, operates an artificial intelligence-based algorithmic engine platform in Israel, the United Kingdom, the United States, Germany, France, 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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