Taboola.com Ltd. (NASDAQ:TBLA) Short Interest Down 49.0% in May

Taboola.com Ltd. (NASDAQ:TBLA) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 2,928,428 shares, a drop of 49.0% from the April 30th total of 5,746,796 shares. Based on an average daily volume of 4,122,241 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.6% of the company’s stock are short sold.

Taboola.com Stock Down 1.3%

NASDAQ:TBLA traded down $0.07 during trading hours on Monday, reaching $4.82. The company had a trading volume of 377,226 shares, compared to its average volume of 1,985,724. The business’s 50-day simple moving average is $3.99 and its two-hundred day simple moving average is $3.90. Taboola.com has a twelve month low of $2.84 and a twelve month high of $5.26. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 12.67 and a beta of 1.50.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.21. Taboola.com had a return on equity of 10.72% and a net margin of 5.64%.The business had revenue of $466.40 million for the quarter, compared to analyst estimates of $453.30 million. During the same quarter in the prior year, the company earned ($0.03) earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities analysts expect that Taboola.com will post 0.41 earnings per share for the current year.

Institutional Investors Weigh In On Taboola.com

A number of institutional investors have recently added to or reduced their stakes in the company. LSV Asset Management grew its stake in Taboola.com by 2,001.4% in the 3rd quarter. LSV Asset Management now owns 1,983,558 shares of the company’s stock valued at $6,764,000 after purchasing an additional 1,889,168 shares during the period. Stoic Point Capital Management LLC purchased a new position in Taboola.com in the fourth quarter valued at about $5,699,000. Two Sigma Investments LP grew its position in shares of Taboola.com by 114.6% during the 3rd quarter. Two Sigma Investments LP now owns 2,005,558 shares of the company’s stock valued at $6,839,000 after acquiring an additional 1,070,864 shares during the period. Walleye Capital LLC purchased a new stake in shares of Taboola.com during the 4th quarter worth approximately $4,414,000. Finally, Marshall Wace LLP purchased a new stake in shares of Taboola.com during the 4th quarter worth approximately $4,008,000. 42.89% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on TBLA shares. Needham & Company LLC increased their price target on Taboola.com from $4.50 to $5.50 and gave the company a “buy” rating in a research report on Thursday, May 7th. Benchmark increased their price target on shares of Taboola.com from $4.50 to $6.50 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Zacks Research cut Taboola.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. TD Cowen increased their price target on Taboola.com from $4.00 to $6.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Finally, Wall Street Zen raised shares of Taboola.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Taboola.com has a consensus rating of “Moderate Buy” and an average target price of $5.90.

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.