Taboola.com Ltd. (NASDAQ:TBLA - Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 450,660 shares changed hands during mid-day trading, a decline of 26% from the previous session's volume of 609,477 shares.The stock last traded at $3.95 and had previously closed at $3.95.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on TBLA shares. Needham & Company LLC reaffirmed a "buy" rating and set a $5.00 price target on shares of Taboola.com in a research note on Friday, January 17th. JMP Securities decreased their price objective on shares of Taboola.com from $6.00 to $5.00 and set a "market outperform" rating on the stock in a report on Monday, January 27th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Taboola.com currently has an average rating of "Buy" and an average price target of $5.25.
Get Our Latest Stock Analysis on TBLA
Taboola.com Trading Down 0.8 %
The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 1.31. The business has a 50-day moving average price of $3.77 and a two-hundred day moving average price of $3.54. The firm has a market cap of $1.08 billion, a PE ratio of -37.10 and a beta of 1.27.
Hedge Funds Weigh In On Taboola.com
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aigen Investment Management LP acquired a new stake in shares of Taboola.com in the third quarter valued at approximately $63,000. Wolverine Trading LLC grew its holdings in Taboola.com by 98.4% during the 4th quarter. Wolverine Trading LLC now owns 17,063 shares of the company's stock valued at $63,000 after buying an additional 8,463 shares during the last quarter. R Squared Ltd purchased a new position in Taboola.com during the fourth quarter worth $68,000. Virtu Financial LLC acquired a new position in shares of Taboola.com in the fourth quarter worth $81,000. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Taboola.com in the fourth quarter valued at $103,000. Institutional investors and hedge funds own 42.89% of the company's stock.
About Taboola.com
(
Get Free Report)
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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