Taboola.com (NASDAQ:TBLA) Sees Strong Trading Volume – Still a Buy?

Taboola.com Ltd. (NASDAQ:TBLA) shares saw unusually-high trading volume on Tuesday . Approximately 1,621,668 shares changed hands during trading, an increase of 56% from the previous session’s volume of 1,039,828 shares.The stock last traded at $3.19 and had previously closed at $3.13.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Benchmark reiterated a “buy” rating and issued a $5.00 price objective on shares of Taboola.com in a research note on Monday, October 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $5.00 price target on shares of Taboola.com in a research report on Friday, November 8th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $5.31.

Taboola.com Stock Performance

The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.31. The business has a 50-day moving average of $3.35 and a two-hundred day moving average of $3.49.

Taboola.com (NASDAQ:TBLA) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The firm had revenue of $433.10 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted ($0.02) earnings per share.

Insider Transactions at Taboola.com

In other news, Director Lynda M. Clarizio sold 29,606 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $3.61, for a total value of $106,877.66. Following the sale, the director now directly owns 176,158 shares in the company, valued at approximately $635,930.38. This represents a 14.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 22.40% of the stock is owned by insiders.

Institutional Trading of Taboola.com

A number of large investors have recently bought and sold shares of TBLA. Acadian Asset Management LLC boosted its stake in shares of Taboola.com by 181.2% in the 2nd 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 in the last quarter. Levin Capital Strategies L.P. boosted its stake in Taboola.com by 238.1% in the first quarter. Levin Capital Strategies L.P. now owns 884,104 shares of the company’s stock worth $3,925,000 after purchasing an additional 622,614 shares in the last quarter. Tredje AP fonden bought a new stake in Taboola.com during the 2nd quarter worth about $1,376,000. Millennium Management LLC boosted its position in Taboola.com by 32.3% in the 2nd quarter. Millennium Management LLC now owns 1,339,987 shares of the company’s stock valued at $4,610,000 after buying an additional 327,518 shares during the last quarter. Finally, Algert Global LLC acquired a new stake in Taboola.com in the second quarter worth about $1,020,000. 42.89% of the stock is currently owned by institutional investors.

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.