Taboola.com (NASDAQ:TBLA) Sees Large Volume Increase – What’s Next?

Shares of Taboola.com Ltd. (NASDAQ:TBLA) saw unusually-strong trading volume on Thursday . Approximately 5,660,106 shares traded hands during mid-day trading, an increase of 253% from the previous session’s volume of 1,604,755 shares.The stock last traded at $3.7950 and had previously closed at $3.71.

Wall Street Analyst Weigh In

A number of analysts have issued reports on TBLA shares. B. Riley lifted their price objective on Taboola.com from $4.00 to $4.50 and gave the stock a “buy” rating in a research note on Thursday, August 7th. BTIG Research started coverage on Taboola.com in a research note on Tuesday, October 7th. They issued a “neutral” rating on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Taboola.com in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded Taboola.com from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Taboola.com has a consensus rating of “Moderate Buy” and a consensus price target of $4.50.

Taboola.com Trading Up 1.5%

The company has a 50-day moving average price of $3.37 and a two-hundred day moving average price of $3.39. The stock has a market cap of $996.86 million, a P/E ratio of 94.15 and a beta of 1.27. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.10.

Insider Buying and Selling

In other Taboola.com news, Director Erez Shachar sold 27,000 shares of the company’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $3.38, for a total value of $91,260.00. Following the transaction, the director owned 218,827 shares of the company’s stock, valued at $739,635.26. This represents a 10.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 24.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Taboola.com

Hedge funds have recently made changes to their positions in the company. Atria Wealth Solutions Inc. purchased a new stake in shares of Taboola.com in the 2nd quarter worth $37,000. Pallas Capital Advisors LLC purchased a new stake in shares of Taboola.com during the 2nd quarter worth $41,000. CWM LLC lifted its stake in shares of Taboola.com by 65.8% during the 1st quarter. CWM LLC now owns 11,348 shares of the company’s stock worth $33,000 after purchasing an additional 4,502 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Taboola.com during the 2nd quarter worth $43,000. Finally, Captrust Financial Advisors purchased a new stake in shares of Taboola.com during the 2nd quarter worth $46,000. 42.89% of the stock is currently owned by hedge funds and other institutional investors.

About Taboola.com

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.