Taboola.com Ltd. (NASDAQ:TBLA – Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $3.30, but opened at $3.50. Taboola.com shares last traded at $3.59, with a volume of 245,680 shares trading hands.
Wall Street Analysts Forecast Growth
TBLA has been the topic of a number of recent analyst reports. Benchmark reaffirmed a “buy” rating and set a $5.00 price target on shares of Taboola.com in a report on Monday, October 7th. Needham & Company LLC reissued a “buy” rating and issued a $5.00 price objective on shares of Taboola.com in a report on Friday, November 8th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $5.31.
View Our Latest Report on Taboola.com
Taboola.com Stock Performance
Taboola.com (NASDAQ:TBLA – Get Free Report) last released its earnings results on Thursday, November 7th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Taboola.com had a negative return on equity of 1.68% and a negative net margin of 1.96%. The firm had revenue of $433.10 million for the quarter, compared to the consensus estimate of $429.43 million. During the same quarter in the previous year, the business posted ($0.02) EPS.
Insider Activity
In other news, Director Lynda M. Clarizio sold 29,606 shares of Taboola.com stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $3.61, for a total transaction of $106,877.66. Following the sale, the director now owns 176,158 shares in the company, valued at $635,930.38. This trade represents a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard T. Scanlon sold 250,000 shares of the business’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 position. The disclosure for this sale can be found here. Company insiders own 22.40% of the company’s stock.
Institutional Investors Weigh In On Taboola.com
Several large investors have recently bought and sold shares of TBLA. Acadian Asset Management LLC boosted its stake in Taboola.com by 181.2% during the second quarter. Acadian Asset Management LLC now owns 1,888,614 shares of the company’s stock worth $6,489,000 after buying an additional 1,216,902 shares during the period. Levin Capital Strategies L.P. boosted its stake in Taboola.com by 238.1% during the first quarter. Levin Capital Strategies L.P. now owns 884,104 shares of the company’s stock worth $3,925,000 after buying an additional 622,614 shares during the period. Tredje AP fonden purchased a new position in Taboola.com during the second quarter worth $1,376,000. Millennium Management LLC boosted its stake in Taboola.com by 32.3% during the second quarter. Millennium Management LLC now owns 1,339,987 shares of the company’s stock worth $4,610,000 after buying an additional 327,518 shares during the period. Finally, Algert Global LLC purchased a new position in Taboola.com during the second quarter worth $1,020,000. Institutional investors 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.
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