Richard T. Scanlon Sells 250,000 Shares of Taboola.com Ltd. (NASDAQ:TBLA) Stock

Taboola.com Ltd. (NASDAQ:TBLA) Director Richard T. Scanlon sold 250,000 shares of Taboola.com stock in a transaction 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 sale, the director now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Taboola.com Price Performance

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’s 50-day moving average price is $3.36 and its two-hundred day moving average price is $3.49. The firm has a market cap of $1.03 billion, a PE ratio of -35.30 and a beta of 1.28. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Taboola.com (NASDAQ:TBLA) last announced its earnings results on Thursday, November 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The company had revenue of $433.10 million for the quarter, compared to analyst estimates of $429.43 million. Taboola.com had a negative return on equity of 1.68% and a negative net margin of 1.96%. During the same quarter in the previous year, the company posted ($0.02) earnings per share.

Institutional Investors Weigh In On Taboola.com

Institutional investors and hedge funds have recently modified their holdings of the business. nVerses Capital LLC raised its stake in shares of Taboola.com by 74.5% during the third quarter. nVerses Capital LLC now owns 9,600 shares of the company’s stock worth $32,000 after buying an additional 4,100 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Taboola.com during the second quarter worth approximately $47,000. Bayesian Capital Management LP bought a new stake in shares of Taboola.com during the first quarter worth approximately $61,000. Aigen Investment Management LP bought a new stake in Taboola.com in the third quarter valued at approximately $63,000. Finally, EverSource Wealth Advisors LLC bought a new stake in Taboola.com in the second quarter valued at approximately $69,000. 42.89% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Benchmark reissued a “buy” rating and set a $5.00 target price on shares of Taboola.com in a research note on Monday, October 7th. Needham & Company LLC restated a “buy” rating and set a $5.00 price target on shares of Taboola.com in a report on Friday, November 8th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target 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.