Taboola.com (NASDAQ:TBLA) Sees Unusually-High Trading Volume – Time to Buy?

Taboola.com Ltd. (NASDAQ:TBLA) shares saw unusually-high trading volume on Tuesday . Approximately 1,621,668 shares changed hands during trading, an increase of 56% from the previous session’s volume of 1,039,828 shares.The stock last traded at $3.19 and had previously closed at $3.13.

Analysts Set New Price Targets

TBLA has been the topic of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $5.00 target price on shares of Taboola.com in a report on Friday, November 8th. Benchmark reissued a “buy” rating and issued a $5.00 target price on shares of Taboola.com in a report on Monday, October 7th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $5.31.

Taboola.com Price Performance

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’s 50-day moving average is $3.35 and its two-hundred day moving average is $3.50.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Taboola.com had a negative return on equity of 1.68% and a negative net margin of 1.96%. The company had revenue of $433.10 million for the quarter, compared to analyst estimates of $429.43 million. During the same period last year, the firm earned ($0.02) earnings per share. As a group, sell-side analysts forecast that Taboola.com Ltd. will post 0.03 EPS for the current fiscal year.

Insider Transactions at Taboola.com

In other Taboola.com news, Director Lynda M. Clarizio sold 29,606 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $3.61, for a total transaction of $106,877.66. Following the sale, the director now directly owns 176,158 shares in the company, valued at approximately $635,930.38. This trade represents a 14.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 22.40% of the company’s stock.

Institutional Trading of Taboola.com

A number of hedge funds and other institutional investors have recently made changes to their positions in TBLA. Barclays PLC increased its holdings in Taboola.com by 1,218.5% during the third quarter. Barclays PLC now owns 36,431 shares of the company’s stock worth $122,000 after buying an additional 33,668 shares during the last quarter. XTX Topco Ltd increased its holdings in Taboola.com by 99.6% during the third quarter. XTX Topco Ltd now owns 60,229 shares of the company’s stock worth $202,000 after buying an additional 30,059 shares during the last quarter. Jane Street Group LLC increased its holdings in Taboola.com by 698.2% during the third quarter. Jane Street Group LLC now owns 93,353 shares of the company’s stock worth $314,000 after buying an additional 81,658 shares during the last quarter. State Street Corp increased its holdings in Taboola.com by 5.5% during the third quarter. State Street Corp now owns 305,350 shares of the company’s stock worth $1,026,000 after buying an additional 16,055 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in Taboola.com by 529.8% during the third quarter. Point72 Asset Management L.P. now owns 86,600 shares of the company’s stock worth $291,000 after buying an additional 72,849 shares during the last quarter. 42.89% of the stock is currently owned by institutional investors and hedge funds.

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.