Charles Schwab Investment Management Inc. reduced its stake in Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 32.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 470,585 shares of the company's stock after selling 229,620 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.16% of Taboola.com worth $1,581,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. nVerses Capital LLC raised its holdings in shares of Taboola.com by 74.5% in the 3rd quarter. nVerses Capital LLC now owns 9,600 shares of the company's stock valued at $32,000 after purchasing an additional 4,100 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Taboola.com by 8.5% during the 2nd quarter. Van ECK Associates Corp now owns 71,035 shares of the company's stock worth $244,000 after acquiring an additional 5,535 shares in the last quarter. Meitav Investment House Ltd. increased its holdings in shares of Taboola.com by 11.3% in the 3rd quarter. Meitav Investment House Ltd. now owns 69,000 shares of the company's stock valued at $242,000 after acquiring an additional 7,000 shares during the last quarter. Arizona State Retirement System raised its position in shares of Taboola.com by 22.2% during the 2nd quarter. Arizona State Retirement System now owns 45,493 shares of the company's stock worth $156,000 after acquiring an additional 8,262 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Taboola.com by 40.2% during 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 currently owned by hedge funds and other institutional investors.
Insider Activity at Taboola.com
In other Taboola.com news, Director Richard T. Scanlon sold 250,000 shares of the company's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $3.16, for a total transaction of $790,000.00. Following the completion of the transaction, the director now owns 70,642 shares in the company, valued at approximately $223,228.72. This represents a 77.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.40% of the stock is currently owned by insiders.
Taboola.com Stock Performance
NASDAQ TBLA traded down $0.10 on Tuesday, reaching $3.95. The stock had a trading volume of 720,322 shares, compared to its average volume of 1,094,224. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market cap of $1.15 billion, a P/E ratio of -39.50 and a beta of 1.29. The business's 50-day moving average price is $3.57 and its 200 day moving average price is $3.43. Taboola.com Ltd. has a 12-month low of $2.87 and a 12-month high of $5.00.
Taboola.com (NASDAQ:TBLA - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.02 by ($0.04). The business had revenue of $433.10 million for the quarter, compared to analyst estimates of $429.43 million. Taboola.com had a negative return on equity of 1.68% and a negative net margin of 1.96%. During the same quarter in the prior year, the company earned ($0.02) EPS.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. Benchmark reiterated a "buy" rating and issued a $5.00 price target on shares of Taboola.com in a research note on Monday, October 7th. Needham & Company LLC reaffirmed a "buy" rating and issued a $5.00 target price on shares of Taboola.com in a research report on Friday, November 8th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $5.31.
View Our Latest Report on Taboola.com
Taboola.com Profile
(
Free Report)
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.
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