Taboola.com Ltd. (NASDAQ:TBLA) Sees Large Growth in Short Interest

Taboola.com Ltd. (NASDAQ:TBLA) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totalling 2,760,000 shares, a growth of 29.6% from the May 31st total of 2,130,000 shares. Currently, 1.9% of the shares of the company are short sold. Based on an average trading volume of 922,500 shares, the short-interest ratio is presently 3.0 days.

Institutional Trading of Taboola.com

Several institutional investors and hedge funds have recently modified their holdings of TBLA. Bayesian Capital Management LP purchased a new stake in Taboola.com in the 1st quarter valued at $61,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of Taboola.com in the fourth quarter valued at about $98,000. Harbor Capital Advisors Inc. lifted its position in shares of Taboola.com by 10.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 28,326 shares of the company’s stock valued at $123,000 after purchasing an additional 2,726 shares in the last quarter. Schnieders Capital Management LLC purchased a new position in Taboola.com during the first quarter worth about $163,000. Finally, Arizona State Retirement System bought a new position in shares of Taboola.com in the fourth quarter valued at approximately $164,000. 42.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TBLA has been the subject of several recent analyst reports. Benchmark reaffirmed a “buy” rating and set a $6.00 price objective on shares of Taboola.com in a research report on Monday, May 6th. Needham & Company LLC restated a “buy” rating and issued a $6.00 target price on shares of Taboola.com in a research report on Monday, May 20th. Finally, B. Riley reiterated a “buy” rating and set a $5.25 price target on shares of Taboola.com in a research report on Wednesday, April 24th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Taboola.com currently has a consensus rating of “Buy” and an average price target of $5.79.

Taboola.com Stock Up 0.9 %

Shares of TBLA stock opened at $3.44 on Monday. The business’s 50 day simple moving average is $3.98 and its 200 day simple moving average is $4.22. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14. Taboola.com has a one year low of $3.04 and a one year high of $5.00.

Taboola.com (NASDAQ:TBLA) last issued its earnings results on Wednesday, May 8th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.01. Taboola.com had a negative return on equity of 2.64% and a negative net margin of 5.04%. The company had revenue of $414.01 million during the quarter, compared to the consensus estimate of $401.73 million. As a group, equities analysts anticipate that Taboola.com will post 0.03 earnings per share for the current fiscal year.

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.