Taboola.com (NASDAQ:TBLA) Shares Gap Up – Should You Buy?

Taboola.com Ltd. (NASDAQ:TBLA) shares gapped up prior to trading on Wednesday . The stock had previously closed at $3.33, but opened at $3.68. Taboola.com shares last traded at $3.4810, with a volume of 845,138 shares traded.

Analyst Ratings Changes

Several equities analysts recently commented on the company. BTIG Research initiated coverage on Taboola.com in a research report on Tuesday, October 7th. They set a “neutral” rating for the company. Wall Street Zen downgraded Taboola.com from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Taboola.com in a report on Wednesday, October 8th. Finally, B. Riley boosted their target price on Taboola.com from $4.00 to $4.50 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $4.50.

Taboola.com Price Performance

The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.10. The company has a market cap of $968.03 million, a PE ratio of 91.63 and a beta of 1.27. The firm has a 50 day moving average of $3.36 and a two-hundred day moving average of $3.39.

Insider Buying and Selling at Taboola.com

In other news, Director Erez Shachar sold 27,000 shares of the firm’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $3.38, for a total transaction of $91,260.00. Following the completion of the transaction, the director owned 218,827 shares in the company, valued at $739,635.26. This trade represents a 10.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 22.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC grew its position in Taboola.com by 65.8% in the first quarter. CWM LLC now owns 11,348 shares of the company’s stock worth $33,000 after acquiring an additional 4,502 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new position in shares of Taboola.com during the second quarter valued at approximately $37,000. Pallas Capital Advisors LLC purchased a new position in shares of Taboola.com during the second quarter valued at approximately $41,000. Headlands Technologies LLC purchased a new position in shares of Taboola.com during the second quarter valued at approximately $43,000. Finally, Captrust Financial Advisors purchased a new position in shares of Taboola.com during the second quarter valued at approximately $46,000. Hedge funds and other institutional investors own 42.89% of the company’s stock.

Taboola.com Company Profile

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.