Taboola.com Sees Unusually High Options Volume (NASDAQ:TBLA)

Taboola.com Ltd. (NASDAQ:TBLA – Get Rating) was the target of unusually large options trading activity on Tuesday. Investors purchased 2,500 put options on the stock. This is an increase of approximately 387% compared to the average daily volume of 513 put options.

Hedge Funds Weigh In On Taboola.com

A number of institutional investors have recently modified their holdings of the stock. Cannell Capital LLC increased its position in shares of Taboola.com by 46.7% during the first quarter. Cannell Capital LLC now owns 4,982,409 shares of the company’s stock worth $25,709,000 after acquiring an additional 1,587,157 shares during the period. Wellington Management Group LLP increased its holdings in Taboola.com by 171.8% during the first quarter. Wellington Management Group LLP now owns 3,912,696 shares of the company’s stock valued at $20,190,000 after buying an additional 2,473,366 shares during the period. ARK Investment Management LLC increased its holdings in Taboola.com by 45.6% during the fourth quarter. ARK Investment Management LLC now owns 1,182,664 shares of the company’s stock valued at $3,643,000 after buying an additional 370,251 shares during the period. BlackRock Inc. increased its holdings in Taboola.com by 9.3% during the third quarter. BlackRock Inc. now owns 959,427 shares of the company’s stock valued at $1,736,000 after buying an additional 81,450 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in Taboola.com by 30.2% during the third quarter. Renaissance Technologies LLC now owns 671,444 shares of the company’s stock valued at $1,215,000 after buying an additional 155,544 shares during the period. 33.28% of the stock is owned by hedge funds and other institutional investors.

Taboola.com Stock Performance

Shares of NASDAQ:TBLA opened at $3.71 on Wednesday. The firm has a market cap of $939.85 million, a PE ratio of -33.72 and a beta of 1.33. The firm’s 50 day simple moving average is $2.78 and its 200-day simple moving average is $2.46. Taboola.com has a one year low of $1.52 and a one year high of $7.50. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.74 and a current ratio of 1.74.

Taboola.com (NASDAQ:TBLA – Get Rating) last issued its earnings results on Wednesday, November 9th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.07. The business had revenue of $332.46 million for the quarter, compared to analyst estimates of $322.43 million. Taboola.com had a negative net margin of 1.85% and a positive return on equity of 0.20%. As a group, equities analysts predict that Taboola.com will post 0.05 EPS for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. JMP Securities decreased 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 note on Thursday, November 10th. Susquehanna decreased 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 note on Monday, November 14th. Cowen decreased their price objective on shares of Taboola.com from $9.00 to $6.00 in a research note on Tuesday, November 8th. Needham & Company LLC raised their price objective 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. Finally, Susquehanna Bancshares decreased their price objective on shares of Taboola.com from $3.50 to $2.25 in a research note on Monday, November 14th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $4.43.

Taboola.com Company Profile

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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.