Bamco Inc. NY Sells 413,491 Shares of Taboola.com Ltd. (NASDAQ:TBLA)

Bamco Inc. NY reduced its position in shares of Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 77.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 120,899 shares of the company's stock after selling 413,491 shares during the quarter. Bamco Inc. NY's holdings in Taboola.com were worth $406,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. nVerses Capital LLC raised its stake in Taboola.com by 74.5% during the 3rd 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 period. Van ECK Associates Corp raised its stake in shares of Taboola.com by 8.5% in the second quarter. Van ECK Associates Corp now owns 71,035 shares of the company's stock worth $244,000 after purchasing an additional 5,535 shares during the last quarter. Meitav Investment House Ltd. raised its stake in shares of Taboola.com by 11.3% in the third quarter. Meitav Investment House Ltd. now owns 69,000 shares of the company's stock worth $242,000 after purchasing an additional 7,000 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Taboola.com by 22.2% in the second quarter. Arizona State Retirement System now owns 45,493 shares of the company's stock worth $156,000 after purchasing an additional 8,262 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Taboola.com by 40.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,877 shares of the company's stock worth $154,000 after purchasing an additional 12,869 shares during the last quarter. 42.89% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Taboola.com news, Director Richard T. Scanlon sold 250,000 shares of Taboola.com stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $3.16, for a total transaction of $790,000.00. Following the completion of the sale, the director now owns 70,642 shares of the company's stock, valued at $223,228.72. The trade was a 77.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 22.40% of the company's stock.

Taboola.com Price Performance

NASDAQ:TBLA remained flat at $3.97 during trading hours on Wednesday. The company had a trading volume of 1,894,718 shares, compared to its average volume of 1,077,821. The company has a market cap of $1.16 billion, a price-to-earnings ratio of -39.90 and a beta of 1.29. Taboola.com Ltd. has a 12 month low of $2.87 and a 12 month high of $5.00. The company has a 50 day moving average of $3.41 and a two-hundred day moving average of $3.44. 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 (NASDAQ:TBLA - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). The business had revenue of $433.10 million for the quarter, compared to the consensus estimate of $429.43 million. Taboola.com had a negative net margin of 1.96% and a negative return on equity of 1.68%. During the same period in the prior year, the business posted ($0.02) EPS.

Analysts Set New Price Targets

Several analysts have recently commented on TBLA shares. Benchmark reissued a "buy" rating and issued a $5.00 price objective on shares of Taboola.com in a research note on Monday, October 7th. Needham & Company LLC reissued a "buy" rating and set a $5.00 price objective on shares of Taboola.com in a report on Friday, November 8th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $5.31.

Taboola.com Profile

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.