Taboola.com (NASDAQ:TBLA) Shares Gap Down After Earnings Miss

Shares of Taboola.com Ltd. (NASDAQ:TBLA) gapped down before the market opened on Wednesday following a weaker than expected earnings announcement. The stock had previously closed at $3.70, but opened at $3.45. Taboola.com shares last traded at $3.08, with a volume of 1,689,273 shares changing hands.

The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Taboola.com had a negative return on equity of 1.68% and a negative net margin of 1.96%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $5.00 price objective on shares of Taboola.com in a research note on Friday, January 17th. JMP Securities cut their target price on shares of Taboola.com from $6.00 to $5.00 and set a “market outperform” rating on the stock in a report on Monday, January 27th. Finally, Benchmark reissued a “buy” rating and issued a $5.00 price target on shares of Taboola.com in a report on Tuesday. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $5.25.

Institutional Investors Weigh In On Taboola.com

Institutional investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Taboola.com by 37.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 373,075 shares of the company’s stock valued at $1,362,000 after purchasing an additional 101,677 shares during the last quarter. Wolverine Trading LLC grew its position in Taboola.com by 98.4% in the fourth quarter. Wolverine Trading LLC now owns 17,063 shares of the company’s stock valued at $63,000 after purchasing an additional 8,463 shares in the last quarter. Sphera Management Technology Funds Ltd acquired a new stake in Taboola.com in the 4th quarter valued at $730,000. Squarepoint Ops LLC lifted its position in Taboola.com by 168.1% during the 4th quarter. Squarepoint Ops LLC now owns 150,793 shares of the company’s stock worth $550,000 after buying an additional 94,555 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its position in Taboola.com by 184.9% during the 4th quarter. Two Sigma Advisers LP now owns 355,000 shares of the company’s stock worth $1,296,000 after buying an additional 230,400 shares in the last quarter. Institutional investors own 42.89% of the company’s stock.

Taboola.com Stock Performance

The company has a market capitalization of $903.73 million, a price-to-earnings ratio of -30.95 and a beta of 1.27. The stock’s 50 day moving average price is $3.75 and its 200 day moving average price is $3.55. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14.

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.