Taboola.com (NASDAQ:TBLA) Sees Large Volume Increase – Here’s What Happened

Shares of Taboola.com Ltd. (NASDAQ:TBLA) saw unusually-high trading volume on Monday . Approximately 3,716,446 shares were traded during mid-day trading, an increase of 132% from the previous session’s volume of 1,603,043 shares.The stock last traded at $3.3780 and had previously closed at $3.30.

Analyst Upgrades and Downgrades

TBLA has been the subject of a number of research reports. Needham & Company LLC reissued a “buy” rating and set a $4.50 target price on shares of Taboola.com in a report on Wednesday, February 25th. Zacks Research raised shares of Taboola.com from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Taboola.com in a research note on Thursday, January 22nd. Wall Street Zen lowered shares of Taboola.com from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 28th. Finally, Rosenblatt Securities raised their target price on shares of Taboola.com from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $5.00.

Taboola.com Stock Performance

The firm has a market cap of $834.28 million, a price-to-earnings ratio of 22.47 and a beta of 1.34. The stock has a 50 day moving average of $3.77 and a 200 day moving average of $3.70. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.11.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Taboola.com had a return on equity of 11.97% and a net margin of 2.21%.The firm had revenue of $522.31 million for the quarter, compared to analyst estimates of $537.80 million. During the same quarter in the previous year, the company earned $0.10 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Quarry LP bought a new stake in Taboola.com during the third quarter worth $42,000. Headlands Technologies LLC bought a new position in shares of Taboola.com in the 2nd quarter valued at $43,000. Captrust Financial Advisors acquired a new position in shares of Taboola.com during the 2nd quarter worth $46,000. Abacus Wealth Partners LLC acquired a new position in shares of Taboola.com during the 4th quarter worth $48,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Taboola.com during the 3rd quarter worth $54,000. 42.89% of the stock is owned by institutional investors.

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.