Taboola.com (NASDAQ:TBLA) Trading Down 4.7% – Time to Sell?

Shares of Taboola.com Ltd. (NASDAQ:TBLA) were down 4.7% during mid-day trading on Wednesday . The stock traded as low as $4.82 and last traded at $4.8330. Approximately 633,128 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 1,927,081 shares. The stock had previously closed at $5.07.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on TBLA shares. Needham & Company LLC boosted their price target on Taboola.com from $4.50 to $5.50 and gave the company a “buy” rating in a research report on Thursday, May 7th. Wall Street Zen raised Taboola.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Rosenblatt Securities increased their target price on Taboola.com from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Taboola.com in a report on Tuesday, April 21st. Finally, Benchmark raised their price target on Taboola.com from $4.50 to $6.50 and gave the company a “buy” rating in a report on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $5.90.

Taboola.com Stock Down 3.5%

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a fifty day moving average price of $3.71 and a 200 day moving average price of $3.83. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 12.88 and a beta of 1.43.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.21. The business had revenue of $466.40 million for the quarter, compared to analyst estimates of $453.30 million. Taboola.com had a return on equity of 10.72% and a net margin of 5.64%.The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.03) EPS. As a group, sell-side analysts expect that Taboola.com Ltd. will post 0.34 EPS for the current fiscal year.

Institutional Investors Weigh In On Taboola.com

Institutional investors have recently modified their holdings of the company. Abacus Wealth Partners LLC purchased a new stake in shares of Taboola.com during the 4th quarter worth approximately $48,000. Headlands Technologies LLC purchased a new stake in shares of Taboola.com during the 2nd quarter worth approximately $43,000. DGS Capital Management LLC purchased a new stake in shares of Taboola.com during the 4th quarter worth approximately $55,000. Quarry LP purchased a new stake in shares of Taboola.com during the 3rd quarter worth approximately $42,000. Finally, Captrust Financial Advisors purchased a new stake in shares of Taboola.com during the 2nd quarter worth approximately $46,000. Hedge funds and other institutional investors own 42.89% of the company’s stock.

About Taboola.com

Taboola.com (NASDAQ: TBLA) operates a leading content discovery platform that connects advertisers with premium publishers through native advertising and personalized recommendations. The company’s technology analyzes user behavior and contextual information to deliver promoted content, video, and product recommendations to audiences across a network of thousands of websites and mobile apps. By leveraging machine learning and big data, Taboola helps publishers generate incremental revenue while enabling advertisers to reach engaged users at scale.

Taboola’s suite of products includes feed placements, video recommendations, and sponsored content units designed to blend seamlessly with editorial pages.