Taboola.com (NASDAQ:TBLA) Trading Down 4.7% – Time to Sell?

Shares of Taboola.com Ltd. (NASDAQ:TBLA) traded down 4.7% during mid-day trading on Wednesday . The company traded as low as $4.82 and last traded at $4.8330. 633,128 shares were traded during mid-day trading, a decline of 67% from the average session volume of 1,927,081 shares. The stock had previously closed at $5.07.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Taboola.com in a research note on Tuesday, April 21st. Needham & Company LLC raised their price objective on Taboola.com from $4.50 to $5.50 and gave the stock a “buy” rating in a report on Thursday, May 7th. Rosenblatt Securities upped their target price on Taboola.com from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Zacks Research lowered Taboola.com from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Wall Street Zen upgraded Taboola.com from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Taboola.com has a consensus rating of “Moderate Buy” and an average target price of $5.90.

Taboola.com Price Performance

The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 12.88 and a beta of 1.43. The company has a 50 day moving average of $3.71 and a 200 day moving average of $3.83. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.07.

Taboola.com (NASDAQ:TBLA) last released its earnings results on Wednesday, May 6th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.21. The firm had revenue of $466.40 million during the quarter, compared to analyst estimates of $453.30 million. Taboola.com had a return on equity of 10.72% and a net margin of 5.64%.The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.03) earnings per share. As a group, equities research analysts forecast that Taboola.com Ltd. will post 0.34 EPS for the current fiscal year.

Institutional Trading of Taboola.com

Institutional investors and hedge funds have recently made changes to their positions in the company. Abacus Wealth Partners LLC acquired a new stake in shares of Taboola.com during the 4th quarter worth $48,000. Headlands Technologies LLC acquired a new stake in shares of Taboola.com during the 2nd quarter worth $43,000. DGS Capital Management LLC acquired a new stake in shares of Taboola.com during the 4th quarter worth $55,000. Quarry LP acquired a new stake in shares of Taboola.com during the 3rd quarter worth $42,000. Finally, Captrust Financial Advisors acquired a new stake in shares of Taboola.com during the 2nd quarter worth $46,000. 42.89% of the stock is currently owned by institutional investors and hedge funds.

About Taboola.com

Taboola.com (NASDAQ: TBLA) operates a leading content discovery platform that connects advertisers with premium publishers through native advertising and personalized recommendations. The company’s technology analyzes user behavior and contextual information to deliver promoted content, video, and product recommendations to audiences across a network of thousands of websites and mobile apps. By leveraging machine learning and big data, Taboola helps publishers generate incremental revenue while enabling advertisers to reach engaged users at scale.

Taboola’s suite of products includes feed placements, video recommendations, and sponsored content units designed to blend seamlessly with editorial pages.