Taboola.com (NASDAQ:TBLA) Shares Gap Down - What's Next?

Taboola.com Ltd. (NASDAQ:TBLA - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $3.76, but opened at $3.67. Taboola.com shares last traded at $3.71, with a volume of 143,133 shares.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TBLA. Benchmark reaffirmed a "buy" rating and issued a $5.00 target price on shares of Taboola.com in a research 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 Wednesday, October 16th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Taboola.com has an average rating of "Buy" and an average target price of $5.31.

Taboola.com Stock Down 1.3 %

The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a 50 day simple moving average of $3.32 and a 200-day simple moving average of $3.61. The stock has a market cap of $1.08 billion, a P/E ratio of -16.13 and a beta of 1.29.

Taboola.com (NASDAQ:TBLA - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.04. The firm had revenue of $428.00 million during the quarter, compared to analysts' expectations of $428.67 million. Taboola.com had a negative net margin of 3.07% and a negative return on equity of 1.57%. The company's revenue for the quarter was up 28.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.05) earnings per share. On average, equities research analysts forecast that Taboola.com Ltd. will post 0.03 earnings per share for the current fiscal year.

Insider Activity

In other Taboola.com news, Director Lynda M. Clarizio sold 29,606 shares of the company's stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $3.61, for a total value of $106,877.66. Following the transaction, the director now directly owns 176,158 shares of the company's stock, valued at $635,930.38. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 22.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Taboola.com

Hedge funds have recently added to or reduced their stakes in the stock. nVerses Capital LLC grew its stake in Taboola.com by 74.5% during the third quarter. nVerses Capital LLC now owns 9,600 shares of the company's stock worth $32,000 after buying an additional 4,100 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Taboola.com during the 2nd quarter worth approximately $47,000. Bayesian Capital Management LP acquired a new stake in shares of Taboola.com during the 1st quarter worth approximately $61,000. EverSource Wealth Advisors LLC bought a new position in Taboola.com in the second quarter valued at approximately $69,000. Finally, Bailard Inc. acquired a new position in Taboola.com during the second quarter valued at approximately $102,000. 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.