Insider Selling: Taboola.com Ltd. (NASDAQ:TBLA) Director Sells $790,000.00 in Stock

Taboola.com Ltd. (NASDAQ:TBLA) Director Richard T. Scanlon sold 250,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $3.16, for a total transaction of $790,000.00. Following the completion of the transaction, the director now owns 70,642 shares of the company’s stock, valued at $223,228.72. This trade represents a 77.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Taboola.com Trading Down 2.2 %

NASDAQ TBLA opened at $3.53 on Friday. Taboola.com Ltd. has a 12 month low of $2.87 and a 12 month high of $5.00. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average of $3.36 and a 200-day moving average of $3.49. The company has a market cap of $1.03 billion, a PE ratio of -35.30 and a beta of 1.28.

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). The firm had revenue of $433.10 million during the quarter, compared to the consensus estimate 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 period last year, the business earned ($0.02) EPS.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TBLA. Millennium Management LLC boosted its stake in Taboola.com by 32.3% in the 2nd quarter. Millennium Management LLC now owns 1,339,987 shares of the company’s stock valued at $4,610,000 after purchasing an additional 327,518 shares during the period. Tidal Investments LLC bought a new stake in shares of Taboola.com in the first quarter valued at about $806,000. Algert Global LLC acquired a new position in shares of Taboola.com in the second quarter valued at about $1,020,000. Tredje AP fonden acquired a new position in shares of Taboola.com in the second quarter valued at about $1,376,000. Finally, Vanguard Group Inc. boosted its holdings in Taboola.com by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 660,112 shares of the company’s stock valued at $2,931,000 after purchasing an additional 17,216 shares during the period. Institutional investors and hedge funds own 42.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TBLA. Needham & Company LLC reiterated a “buy” rating and issued a $5.00 price target on shares of Taboola.com in a report on Friday, November 8th. Benchmark reiterated a “buy” rating and issued a $5.00 price target on shares of Taboola.com in a report on Monday, October 7th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $5.31.

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.