Taboola.com (NASDAQ:TBLA) Shares Gap Down - Here's Why

Taboola.com Ltd. (NASDAQ:TBLA - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $3.14, but opened at $2.90. Taboola.com shares last traded at $3.12, with a volume of 520,038 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TBLA. Needham & Company LLC restated a "buy" rating and issued a $5.00 price target on shares of Taboola.com in a research report on Friday, November 8th. Benchmark reaffirmed a "buy" rating and set a $5.00 price target on shares of Taboola.com in a research report on Monday, October 7th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Taboola.com presently has an average rating of "Buy" and an average price target of $5.31.

Taboola.com Stock Down 0.3 %

The company has a market cap of $913.96 million, a P/E ratio of -31.30 and a beta of 1.28. The firm's 50 day moving average price is $3.35 and its two-hundred day moving average price is $3.50. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.31.

Taboola.com (NASDAQ:TBLA - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). The company had revenue of $433.10 million for the quarter, compared to analyst estimates of $429.43 million. Taboola.com had a negative net margin of 1.96% and a negative return on equity of 1.68%. During the same quarter in the prior year, the company posted ($0.02) EPS. Equities research analysts anticipate that Taboola.com Ltd. will post 0.03 EPS for the current fiscal year.

Insider Buying and Selling at Taboola.com

In other news, Director Lynda M. Clarizio sold 29,606 shares of the business's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $3.61, for a total transaction of $106,877.66. Following the completion of the sale, the director now directly owns 176,158 shares of the company's stock, valued at $635,930.38. The trade was a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 22.40% of the company's stock.

Hedge Funds Weigh In On Taboola.com

A number of hedge funds have recently added to or reduced their stakes in the stock. nVerses Capital LLC grew its stake in shares of Taboola.com by 74.5% in the 3rd quarter. nVerses Capital LLC now owns 9,600 shares of the company's stock worth $32,000 after acquiring an additional 4,100 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Taboola.com in the 2nd quarter worth about $47,000. Bayesian Capital Management LP purchased a new stake in Taboola.com in the 1st quarter valued at about $61,000. Aigen Investment Management LP purchased a new stake in Taboola.com in the 3rd quarter valued at about $63,000. Finally, EverSource Wealth Advisors LLC bought a new position in shares of Taboola.com during the 2nd quarter worth approximately $69,000. Institutional investors and hedge funds 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.