Taboola.com (NASDAQ:TBLA) Shares Gap Down to $3.80

Taboola.com Ltd. (NASDAQ:TBLA) shares gapped down prior to trading on Friday . The stock had previously closed at $3.80, but opened at $3.72. Taboola.com shares last traded at $3.77, with a volume of 217,798 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Benchmark restated a “buy” rating and set a $6.00 price target on shares of Taboola.com in a research note on Tuesday, November 7th. Needham & Company LLC restated a “buy” rating and set a $5.00 price target on shares of Taboola.com in a research note on Thursday, November 9th. Finally, Credit Suisse Group boosted their price target on Taboola.com from $5.50 to $5.70 and gave the stock an “outperform” rating in a research note on Thursday, August 10th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $5.09.

Taboola.com Price Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -20.00 and a beta of 1.47. The stock has a fifty day moving average of $3.74 and a 200 day moving average of $3.39.

Insider Transactions at Taboola.com

In other Taboola.com news, CTO Lior Golan sold 30,000 shares of the company’s stock in a transaction on Friday, October 6th. The stock was sold at an average price of $4.02, for a total value of $120,600.00. Following the completion of the sale, the chief technology officer now directly owns 2,545,291 shares in the company, valued at approximately $10,232,069.82. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold a total of 61,220 shares of company stock valued at $246,680 in the last three months. 23.49% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Swiss National Bank grew its stake in shares of Taboola.com by 9.2% in the 1st quarter. Swiss National Bank now owns 137,700 shares of the company’s stock valued at $711,000 after purchasing an additional 11,600 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Taboola.com in the 1st quarter valued at approximately $36,000. BlackRock Inc. lifted its holdings in shares of Taboola.com by 17.5% in the 1st quarter. BlackRock Inc. now owns 851,627 shares of the company’s stock valued at $4,394,000 after buying an additional 127,139 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Taboola.com in the 1st quarter valued at approximately $54,000. Finally, DC Investments Management LLC raised its holdings in Taboola.com by 127.7% during the first quarter. DC Investments Management LLC now owns 587,575 shares of the company’s stock worth $3,032,000 after purchasing an additional 329,575 shares during the last quarter. Hedge funds and other institutional investors own 30.30% 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 the United States, Israel, 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.