Taboola.com (NASDAQ:TBLA) Stock Price Down 6.1%

Taboola.com Ltd. (NASDAQ:TBLA) dropped 6.1% on Thursday . The company traded as low as $2.95 and last traded at $2.95. Approximately 217,691 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 1,182,730 shares. The stock had previously closed at $3.14.

Wall Street Analyst Weigh In

A number of analysts have commented on TBLA shares. Needham & Company LLC restated a “buy” rating and issued a $5.00 price target on shares of Taboola.com in a research report on Thursday. Benchmark reissued a “buy” rating and issued a $6.00 price objective on shares of Taboola.com in a research note on Tuesday. Finally, B. Riley reaffirmed a “buy” rating and set a $5.25 target price on shares of Taboola.com in a research report on Wednesday, April 24th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Taboola.com has a consensus rating of “Buy” and a consensus price target of $5.59.

Taboola.com Stock Performance

The stock has a 50-day moving average of $3.42 and a 200 day moving average of $4.05. The stock has a market cap of $912.90 million, a PE ratio of -13.65 and a beta of 1.29. 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 (NASDAQ:TBLA) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.04. Taboola.com had a negative return on equity of 2.64% and a negative net margin of 5.04%. The firm had revenue of $428.00 million during the quarter, compared to the consensus estimate of $428.67 million. During the same period in the prior year, the business earned ($0.05) EPS. The firm’s revenue was up 28.9% compared to the same quarter last year. Equities analysts predict that Taboola.com Ltd. will post 0.03 EPS for the current fiscal year.

Institutional Trading of Taboola.com

A number of large investors have recently modified their holdings of TBLA. Bayesian Capital Management LP acquired a new stake in Taboola.com during the 1st quarter worth about $61,000. Counterpoint Mutual Funds LLC bought a new stake in shares of Taboola.com in the 4th quarter valued at approximately $98,000. Bailard Inc. acquired a new stake in shares of Taboola.com during the 2nd quarter worth about $102,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Taboola.com by 40.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,877 shares of the company’s stock valued at $154,000 after buying an additional 12,869 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of Taboola.com by 22.2% during the second quarter. Arizona State Retirement System now owns 45,493 shares of the company’s stock worth $156,000 after acquiring an additional 8,262 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.