Taboola.com Ltd. (NASDAQ:TBLA – Get Rating) was the target of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 955,300 shares, a drop of 14.7% from the May 15th total of 1,120,000 shares. Based on an average daily trading volume, of 623,500 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.8% of the shares of the company are sold short.
Shares of NASDAQ TBLA opened at $2.56 on Friday. Taboola.com has a 1-year low of $2.52 and a 1-year high of $11.44. The company has a market cap of $599.12 million, a PE ratio of -1.95 and a beta of 1.03. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average of $3.74 and a two-hundred day moving average of $5.54.
A number of research analysts recently issued reports on the stock. Cowen lowered their target price on shares of Taboola.com from $13.00 to $9.00 in a research note on Monday, May 16th. JMP Securities reiterated a “buy” rating and issued a $12.00 target price on shares of Taboola.com in a research note on Wednesday, March 30th. Susquehanna lowered shares of Taboola.com from a “positive” rating to a “neutral” rating and lowered their target price for the company from $10.00 to $3.50 in a research note on Monday, May 16th. Finally, Susquehanna Bancshares lowered their target price on shares of Taboola.com from $15.00 to $10.00 and set a “positive” rating on the stock in a research note on Thursday, February 24th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Taboola.com currently has an average rating of “Buy” and a consensus price target of $10.44.
About Taboola.com (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Taboola.com (TBLA)
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