Taboola.com Ltd. (NASDAQ:TBLA) Director Sells $106,877.66 in Stock

Taboola.com Ltd. (NASDAQ:TBLA) Director Lynda M. Clarizio sold 29,606 shares of the firm’s 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 transaction, the director now owns 176,158 shares in the company, valued at approximately $635,930.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Taboola.com Stock Performance

NASDAQ TBLA opened at $3.50 on Friday. Taboola.com Ltd. has a 1 year low of $2.87 and a 1 year high of $5.00. The business’s fifty day moving average is $3.33 and its two-hundred day moving average is $3.91. 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 issued its earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. Taboola.com had a negative return on equity of 1.57% and a negative net margin of 3.07%. The business had revenue of $428.00 million for the quarter, compared to analysts’ expectations of $428.67 million. During the same period in the previous year, the firm posted ($0.05) EPS. The company’s quarterly revenue was up 28.9% on a year-over-year basis. On average, analysts forecast that Taboola.com Ltd. will post 0.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TBLA. GSA Capital Partners LLP boosted its stake in Taboola.com by 292.4% in the 4th quarter. GSA Capital Partners LLP now owns 657,758 shares of the company’s stock worth $2,848,000 after purchasing an additional 490,149 shares during the period. Tidal Investments LLC purchased a new position in shares of Taboola.com during the first quarter valued at $806,000. Wellington Management Group LLP raised its position in Taboola.com by 22.2% during the fourth quarter. Wellington Management Group LLP now owns 15,767,681 shares of the company’s stock valued at $68,274,000 after buying an additional 2,859,451 shares during the period. Vanguard Group Inc. lifted its stake in Taboola.com by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 660,112 shares of the company’s stock worth $2,931,000 after acquiring an additional 17,216 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD acquired a new stake in Taboola.com during the 1st quarter worth about $271,000. 42.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Benchmark reaffirmed a “buy” rating and set a $6.00 price target on shares of Taboola.com in a research note on Tuesday, August 6th. Needham & Company LLC reiterated a “buy” rating and issued a $5.00 price target on shares of Taboola.com in a research report on Thursday, August 8th. Four analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $5.56.

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.