Taboola.com Ltd. (NASDAQ:TBLA) Director Richard T. Scanlon Sells 250,000 Shares

Taboola.com Ltd. (NASDAQ:TBLA) Director Richard T. Scanlon sold 250,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $3.16, for a total transaction of $790,000.00. Following the completion of the sale, the director now owns 70,642 shares in the company, valued at $223,228.72. This represents a 77.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Taboola.com Stock Performance

NASDAQ:TBLA opened at $3.53 on Friday. The firm has a market capitalization of $1.03 billion, a PE ratio of -35.30 and a beta of 1.28. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Taboola.com Ltd. has a 12-month low of $2.87 and a 12-month high of $5.00. The firm has a 50-day moving average price of $3.36 and a 200 day moving average price of $3.48.

Taboola.com (NASDAQ:TBLA) last issued its earnings results 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 company had revenue of $433.10 million during the quarter, compared to analyst estimates of $429.43 million. Taboola.com had a negative return on equity of 1.68% and a negative net margin of 1.96%. During the same period in the previous year, the company posted ($0.02) earnings per share.

Institutional Investors Weigh In On Taboola.com

Large investors have recently made changes to their positions in the company. Acadian Asset Management LLC boosted its position in Taboola.com by 181.2% in the second quarter. Acadian Asset Management LLC now owns 1,888,614 shares of the company’s stock valued at $6,489,000 after buying an additional 1,216,902 shares in the last quarter. Levin Capital Strategies L.P. raised its stake in shares of Taboola.com by 238.1% in the first quarter. Levin Capital Strategies L.P. now owns 884,104 shares of the company’s stock valued at $3,925,000 after acquiring an additional 622,614 shares during the last quarter. Tredje AP fonden acquired a new position in shares of Taboola.com in the 2nd quarter worth approximately $1,376,000. Millennium Management LLC grew its position in Taboola.com by 32.3% during the 2nd 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. Finally, Algert Global LLC acquired a new stake in Taboola.com during the 2nd quarter valued at $1,020,000. Institutional investors own 42.89% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.