Taboola.com Ltd. (NASDAQ:TBLA) Short Interest Update

Taboola.com Ltd. (NASDAQ:TBLA) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 2,928,428 shares, a drop of 49.0% from the April 30th total of 5,746,796 shares. Based on an average daily trading volume, of 4,122,241 shares, the short-interest ratio is presently 0.7 days. Approximately 1.6% of the shares of the stock are short sold.

Taboola.com Stock Down 4.6%

NASDAQ:TBLA traded down $0.23 during trading hours on Wednesday, reaching $4.64. 1,672,871 shares of the company traded hands, compared to its average volume of 2,020,279. Taboola.com has a 1 year low of $2.84 and a 1 year high of $5.26. The stock has a market capitalization of $1.13 billion, a P/E ratio of 12.20 and a beta of 1.50. The business’s 50-day moving average price is $4.03 and its two-hundred day moving average price is $3.91. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.07.

Taboola.com (NASDAQ:TBLA) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.21. Taboola.com had a return on equity of 10.72% and a net margin of 5.64%.The firm had revenue of $466.40 million during the quarter, compared to analyst estimates of $453.30 million. During the same quarter in the previous year, the firm earned ($0.03) EPS. Taboola.com’s quarterly revenue was up 9.1% compared to the same quarter last year. Analysts predict that Taboola.com will post 0.41 earnings per share for the current year.

Insiders Place Their Bets

In other Taboola.com news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $4.40, for a total value of $52,800,000.00. Following the sale, the insider owned 18,039,644 shares of the company’s stock, valued at $79,374,433.60. This trade represents a 39.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 22.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Taboola.com

A number of hedge funds have recently added to or reduced their stakes in the stock. LSV Asset Management grew its stake in shares of Taboola.com by 31.5% during the 4th quarter. LSV Asset Management now owns 2,608,389 shares of the company’s stock valued at $12,025,000 after purchasing an additional 624,831 shares during the period. Bridgeway Capital Management LLC lifted its stake in shares of Taboola.com by 6.9% in the 3rd quarter. Bridgeway Capital Management LLC now owns 2,289,068 shares of the company’s stock worth $7,806,000 after purchasing an additional 147,920 shares during the period. Bank of America Corp DE lifted its stake in shares of Taboola.com by 8.2% in the 3rd quarter. Bank of America Corp DE now owns 2,149,621 shares of the company’s stock worth $7,330,000 after purchasing an additional 163,605 shares during the period. Two Sigma Investments LP boosted its holdings in shares of Taboola.com by 114.6% in the third quarter. Two Sigma Investments LP now owns 2,005,558 shares of the company’s stock worth $6,839,000 after buying an additional 1,070,864 shares during the last quarter. Finally, Globeflex Capital L P boosted its holdings in shares of Taboola.com by 16.4% in the first quarter. Globeflex Capital L P now owns 1,907,015 shares of the company’s stock worth $5,912,000 after buying an additional 268,105 shares during the last quarter. 42.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on TBLA shares. Zacks Research downgraded Taboola.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. TD Cowen lifted their price objective on Taboola.com from $4.00 to $6.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Wall Street Zen upgraded Taboola.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Needham & Company LLC boosted their price objective on shares of Taboola.com from $4.50 to $5.50 and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Benchmark raised their target price on shares of Taboola.com from $4.50 to $6.50 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $5.90.

Taboola.com Company Profile

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.