Taboola.com Ltd. (NASDAQ:TBLA) Sees Large Growth in Short Interest

Taboola.com Ltd. (NASDAQ:TBLA) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 2,760,000 shares, a growth of 29.6% from the May 31st total of 2,130,000 shares. Approximately 1.9% of the shares of the stock are sold short. Based on an average daily volume of 922,500 shares, the short-interest ratio is presently 3.0 days.

Wall Street Analyst Weigh In

TBLA has been the subject of a number of research analyst reports. Benchmark restated a “buy” rating and issued a $6.00 target price on shares of Taboola.com in a research report on Monday, May 6th. B. Riley restated a “buy” rating and issued a $5.25 target price on shares of Taboola.com in a research report on Wednesday, April 24th. Finally, Needham & Company LLC restated a “buy” rating and issued a $6.00 target price on shares of Taboola.com in a research report on Monday, May 20th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $5.79.

Taboola.com Stock Performance

Shares of NASDAQ:TBLA opened at $3.44 on Monday. The stock has a fifty day moving average of $3.98 and a 200-day moving average of $4.22. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14. Taboola.com has a one year low of $3.04 and a one year high of $5.00.

Taboola.com (NASDAQ:TBLA) last announced its earnings results on Wednesday, May 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.01. Taboola.com had a negative net margin of 5.04% and a negative return on equity of 2.64%. The company had revenue of $414.01 million for the quarter, compared to the consensus estimate of $401.73 million. Research analysts forecast that Taboola.com will post 0.03 EPS for the current year.

Institutional Trading of Taboola.com

Large investors have recently added to or reduced their stakes in the company. Bayesian Capital Management LP acquired a new stake in Taboola.com during the 1st quarter valued at $61,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Taboola.com in the fourth quarter worth $98,000. Harbor Capital Advisors Inc. increased its stake in shares of Taboola.com by 10.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 28,326 shares of the company’s stock worth $123,000 after acquiring an additional 2,726 shares during the last quarter. Schnieders Capital Management LLC acquired a new position in shares of Taboola.com in the first quarter worth $163,000. Finally, Arizona State Retirement System acquired a new position in shares of Taboola.com in the fourth quarter worth $164,000. 42.89% of the stock is owned by institutional investors and hedge funds.

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.