Taboola.com (NASDAQ:TBLA) Shares Gap Up – Should You Buy?

Taboola.com Ltd. (NASDAQ:TBLA)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $3.33, but opened at $3.68. Taboola.com shares last traded at $3.4810, with a volume of 845,138 shares changing hands.

Analyst Ratings Changes

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

Taboola.com Trading Up 0.5%

The firm’s 50 day simple moving average is $3.38 and its 200-day simple moving average is $3.40. The company has a market capitalization of $1.09 billion, a PE ratio of 15.08 and a beta of 1.27. The company has a quick ratio of 1.07, a current ratio of 1.06 and a debt-to-equity ratio of 0.08.

Insider Transactions at Taboola.com

In other news, Director Erez Shachar sold 27,000 shares of the company’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $3.38, for a total value of $91,260.00. Following the completion of the transaction, the director directly owned 218,827 shares in the company, valued at approximately $739,635.26. This represents a 10.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Eldad Maniv sold 414,816 shares of Taboola.com stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $3.78, for a total transaction of $1,568,004.48. Following the sale, the chief operating officer directly owned 10,392,460 shares in the company, valued at $39,283,498.80. This trade represents a 3.84% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 451,861 shares of company stock worth $1,696,933. 24.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Taboola.com

A number of hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its stake in Taboola.com by 16.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,300 shares of the company’s stock worth $122,000 after purchasing an additional 5,829 shares in the last quarter. Acadian Asset Management LLC raised its stake in Taboola.com by 13.1% during the first quarter. Acadian Asset Management LLC now owns 2,875,922 shares of the company’s stock valued at $8,476,000 after buying an additional 332,660 shares in the last quarter. Pallas Capital Advisors LLC bought a new position in Taboola.com during the 2nd quarter worth approximately $41,000. Bridgeway Capital Management LLC grew its position in shares of Taboola.com by 15.5% in the 1st quarter. Bridgeway Capital Management LLC now owns 1,572,984 shares of the company’s stock worth $4,640,000 after acquiring an additional 210,562 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Taboola.com by 42.7% in the 1st quarter. American Century Companies Inc. now owns 344,092 shares of the company’s stock valued at $1,015,000 after acquiring an additional 102,982 shares during the last quarter. Institutional investors and hedge funds own 42.89% of the company’s stock.

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.