Taboola.com (NASDAQ:TBLA) Shares Gap Down – Should You Sell?

Shares of Taboola.com Ltd. (NASDAQ:TBLA) gapped down before the market opened on Wednesday . The stock had previously closed at $3.58, but opened at $3.46. Taboola.com shares last traded at $3.59, with a volume of 26,685 shares trading hands.

Wall Street Analyst Weigh In

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

Taboola.com Stock Down 0.3 %

The firm has a market cap of $1.04 billion, a price-to-earnings ratio of -36.00 and a beta of 1.28. The firm’s fifty day moving average is $3.36 and its two-hundred day moving average is $3.46. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 1.31.

Taboola.com (NASDAQ:TBLA) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The business had revenue of $433.10 million during the quarter, compared to analyst estimates 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 period in the previous year, the company posted ($0.02) earnings per share.

Insider Transactions at Taboola.com

In other Taboola.com news, Director Lynda M. Clarizio sold 29,606 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $3.61, for a total transaction of $106,877.66. Following the transaction, the director now owns 176,158 shares in the company, valued at $635,930.38. This trade represents a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard T. Scanlon sold 250,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $3.16, for a total value of $790,000.00. Following the transaction, the director now owns 70,642 shares in the company, valued at approximately $223,228.72. This trade represents a 77.97 % decrease in their position. The disclosure for this sale can be found here. 22.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Taboola.com

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC grew its holdings in Taboola.com by 181.2% during the second quarter. Acadian Asset Management LLC now owns 1,888,614 shares of the company’s stock valued at $6,489,000 after purchasing an additional 1,216,902 shares during the last quarter. Millennium Management LLC grew its stake in shares of Taboola.com by 32.3% in the second quarter. Millennium Management LLC now owns 1,339,987 shares of the company’s stock worth $4,610,000 after acquiring an additional 327,518 shares during the last quarter. Yarra Square Partners LP grew its stake in shares of Taboola.com by 6.1% in the second quarter. Yarra Square Partners LP now owns 1,113,858 shares of the company’s stock worth $3,832,000 after acquiring an additional 64,373 shares during the last quarter. GSA Capital Partners LLP grew its stake in shares of Taboola.com by 11.6% in the third quarter. GSA Capital Partners LLP now owns 814,598 shares of the company’s stock worth $2,737,000 after acquiring an additional 84,382 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Taboola.com by 4.2% in the second quarter. Renaissance Technologies LLC now owns 764,500 shares of the company’s stock worth $2,630,000 after acquiring an additional 30,500 shares during the last quarter. Institutional investors and hedge funds 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.