Taboola.com Target of Unusually High Options Trading (NASDAQ:TBLA)

Taboola.com Ltd. (NASDAQ:TBLAGet Rating) was the recipient of unusually large options trading activity on Tuesday. Traders acquired 2,500 put options on the stock. This is an increase of 387% compared to the average volume of 513 put options.

Wall Street Analyst Weigh In

TBLA has been the topic of several research reports. Needham & Company LLC raised their price target on shares of Taboola.com from $2.50 to $3.50 and gave the stock a “buy” rating in a research note on Monday, December 19th. Susquehanna cut their price objective on shares of Taboola.com from $3.50 to $2.25 and set a “neutral” rating for the company in a research report on Monday, November 14th. Cowen cut their price objective on shares of Taboola.com from $9.00 to $6.00 in a research report on Tuesday, November 8th. JMP Securities cut their price objective on shares of Taboola.com from $7.00 to $6.00 and set a “market outperform” rating for the company in a research report on Thursday, November 10th. Finally, Susquehanna Bancshares cut their price objective on shares of Taboola.com from $3.50 to $2.25 in a research report on Monday, November 14th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $4.43.

Institutional Investors Weigh In On Taboola.com

A number of institutional investors have recently made changes to their positions in TBLA. Swiss National Bank increased its position in shares of Taboola.com by 9.2% during the first quarter. Swiss National Bank now owns 137,700 shares of the company’s stock valued at $711,000 after acquiring an additional 11,600 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Taboola.com during the first quarter valued at about $36,000. BlackRock Inc. increased its position in shares of Taboola.com by 17.5% during the first quarter. BlackRock Inc. now owns 851,627 shares of the company’s stock valued at $4,394,000 after acquiring an additional 127,139 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Taboola.com during the first quarter valued at about $54,000. Finally, DC Investments Management LLC increased its position in shares of Taboola.com by 127.7% during the first quarter. DC Investments Management LLC now owns 587,575 shares of the company’s stock valued at $3,032,000 after acquiring an additional 329,575 shares during the last quarter. 33.28% of the stock is currently owned by institutional investors and hedge funds.

Taboola.com Trading Down 4.7 %

Taboola.com stock traded down $0.18 during midday trading on Tuesday, hitting $3.68. 739,053 shares of the stock were exchanged, compared to its average volume of 1,366,050. Taboola.com has a fifty-two week low of $1.52 and a fifty-two week high of $7.50. The stock has a market capitalization of $932.25 million, a price-to-earnings ratio of -35.09 and a beta of 1.33. The stock’s 50-day simple moving average is $2.74 and its 200 day simple moving average is $2.45. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.35.

Taboola.com (NASDAQ:TBLAGet Rating) last announced its quarterly earnings results on Wednesday, November 9th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.07. Taboola.com had a negative net margin of 1.85% and a positive return on equity of 0.20%. The business had revenue of $332.46 million during the quarter, compared to analysts’ expectations of $322.43 million. On average, equities analysts anticipate that Taboola.com will post 0.05 EPS for the current year.

About Taboola.com

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Taboola.com Ltd., together with its subsidiaries, operates an artificial intelligence-based algorithmic engine platform in Israel, the United Kingdom, the United States, Germany, France, 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.

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