Taboola.com Ltd. (NASDAQ:TBLA) Short Interest Up 34.7% in August

Taboola.com Ltd. (NASDAQ:TBLAGet Rating) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 1,080,000 shares, a growth of 34.7% from the August 15th total of 801,500 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 520,500 shares, the short-interest ratio is currently 2.1 days.

Analyst Upgrades and Downgrades

TBLA has been the subject of a number of research analyst reports. Credit Suisse Group cut their price objective on shares of Taboola.com from $8.00 to $7.00 and set an “outperform” rating for the company in a research report on Thursday, August 11th. JMP Securities lowered their target price on shares of Taboola.com from $8.00 to $7.00 and set a “market outperform” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $8.21.

Taboola.com Stock Performance

NASDAQ TBLA opened at $2.18 on Friday. The stock has a market cap of $510.19 million, a P/E ratio of 36.33 and a beta of 1.09. The company’s 50-day simple moving average is $2.68 and its 200 day simple moving average is $3.56. Taboola.com has a twelve month low of $2.16 and a twelve month high of $10.27. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.35.

Taboola.com (NASDAQ:TBLAGet Rating) last issued its quarterly earnings data on Tuesday, August 9th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.07. The firm had revenue of $342.70 million for the quarter, compared to analysts’ expectations of $336.30 million. Taboola.com had a net margin of 1.16% and a return on equity of 2.73%. As a group, research analysts forecast that Taboola.com will post -0.04 earnings per share for the current fiscal year.

Institutional Trading of Taboola.com

Large investors have recently added to or reduced their stakes in the company. McDonald Partners LLC bought a new stake in Taboola.com during the first quarter worth about $66,000. Mirabella Financial Services LLP bought a new stake in shares of Taboola.com during the fourth quarter valued at approximately $231,000. DGS Capital Management LLC grew its stake in shares of Taboola.com by 133.3% during the first quarter. DGS Capital Management LLC now owns 24,740 shares of the company’s stock valued at $128,000 after purchasing an additional 14,135 shares during the last quarter. Cannon Global Investment Management LLC bought a new stake in shares of Taboola.com during the first quarter valued at approximately $323,000. Finally, George Kaiser Family Foundation bought a new stake in shares of Taboola.com during the first quarter valued at approximately $7,369,000. 44.86% of the stock is owned by institutional investors.

About Taboola.com

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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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