Taboola.com Ltd. (NASDAQ:TBLA) Short Interest Update

Taboola.com Ltd. (NASDAQ:TBLA) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 4,170,000 shares, a growth of 23.4% from the March 31st total of 3,380,000 shares. Approximately 2.8% of the company’s stock are short sold. Based on an average trading volume of 2,060,000 shares, the short-interest ratio is presently 2.0 days.

Insiders Place Their Bets

In other news, CEO Adam Singolda bought 60,229 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average price of $2.72 per share, for a total transaction of $163,822.88. Following the acquisition, the chief executive officer now directly owns 14,462,943 shares of the company’s stock, valued at $39,339,204.96. The trade was a 0.42 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Zvi Limon acquired 168,506 shares of Taboola.com stock in a transaction dated Thursday, February 27th. The stock was acquired at an average cost of $2.93 per share, with a total value of $493,722.58. Following the completion of the transaction, the director now directly owns 2,987,383 shares of the company’s stock, valued at $8,753,032.19. This trade represents a 5.98 % increase in their position. The disclosure for this purchase can be found here. Insiders own 22.40% of the company’s stock.

Institutional Investors Weigh In On Taboola.com

A number of large investors have recently modified their holdings of TBLA. CWM LLC lifted its holdings in shares of Taboola.com by 65.8% in the first quarter. CWM LLC now owns 11,348 shares of the company’s stock worth $33,000 after acquiring an additional 4,502 shares during the last quarter. Wolverine Trading LLC increased its position in Taboola.com by 98.4% during the 4th quarter. Wolverine Trading LLC now owns 17,063 shares of the company’s stock worth $63,000 after purchasing an additional 8,463 shares in the last quarter. R Squared Ltd bought a new position in Taboola.com in the 4th quarter valued at approximately $68,000. Virtu Financial LLC acquired a new stake in Taboola.com in the fourth quarter valued at approximately $81,000. Finally, Aquatic Capital Management LLC bought a new stake in shares of Taboola.com during the fourth quarter worth $103,000. Institutional investors and hedge funds own 42.89% of the company’s stock.

Taboola.com Stock Up 2.0 %

Shares of TBLA opened at $3.09 on Friday. The firm has a market cap of $910.99 million, a P/E ratio of -30.90 and a beta of 1.21. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.31. Taboola.com has a 52 week low of $2.50 and a 52 week high of $4.60. The firm’s 50-day simple moving average is $2.88 and its 200 day simple moving average is $3.40.

Taboola.com declared that its Board of Directors has approved a stock repurchase plan on Wednesday, February 26th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to purchase up to 22.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $4.00 price objective on shares of Taboola.com in a report on Thursday, March 27th. Citizens Jmp cut shares of Taboola.com from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 27th. B. Riley cut shares of Taboola.com from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $5.00 to $4.00 in a research report on Thursday, February 27th. JMP Securities decreased their price objective on Taboola.com from $6.00 to $5.00 and set a “market outperform” rating on the stock in a research report on Monday, January 27th. Finally, Benchmark restated a “buy” rating and set a $4.50 target price on shares of Taboola.com in a research report on Thursday, March 27th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $4.38.

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.