ExodusPoint Capital Management LP Buys Shares of 186,384 Taboola.com Ltd. (NASDAQ:TBLA)

ExodusPoint Capital Management LP bought a new stake in shares of Taboola.com Ltd. (NASDAQ:TBLA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 186,384 shares of the company's stock, valued at approximately $680,000. ExodusPoint Capital Management LP owned approximately 0.06% of Taboola.com at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of TBLA. Verition Fund Management LLC acquired a new stake in Taboola.com in the third quarter worth about $126,000. Point72 Asset Management L.P. boosted its holdings in shares of Taboola.com by 529.8% in the third quarter. Point72 Asset Management L.P. now owns 86,600 shares of the company's stock valued at $291,000 after acquiring an additional 72,849 shares in the last quarter. State Street Corp boosted its holdings in shares of Taboola.com by 5.5% in the third quarter. State Street Corp now owns 305,350 shares of the company's stock valued at $1,026,000 after acquiring an additional 16,055 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Taboola.com by 698.2% during the third quarter. Jane Street Group LLC now owns 93,353 shares of the company's stock valued at $314,000 after acquiring an additional 81,658 shares during the period. Finally, XTX Topco Ltd raised its holdings in Taboola.com by 99.6% during the third quarter. XTX Topco Ltd now owns 60,229 shares of the company's stock worth $202,000 after purchasing an additional 30,059 shares in the last quarter. Institutional investors own 42.89% of the company's stock.

Taboola.com Trading Up 1.6 %

NASDAQ TBLA traded up $0.05 on Thursday, hitting $2.80. 731,774 shares of the company were exchanged, compared to its average volume of 1,204,038. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 1.31. Taboola.com Ltd. has a twelve month low of $2.50 and a twelve month high of $4.60. The firm has a market capitalization of $823.59 million, a P/E ratio of -27.95 and a beta of 1.21. The company's 50 day moving average price is $3.10 and its 200-day moving average price is $3.43.

Taboola.com announced that its Board of Directors has initiated a share repurchase plan on Wednesday, February 26th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to buy up to 22.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Oppenheimer reiterated a "market perform" rating on shares of Taboola.com in a research report on Wednesday, February 26th. Benchmark reaffirmed a "buy" rating and set a $4.50 target price on shares of Taboola.com in a report on Thursday, March 27th. B. Riley downgraded shares of Taboola.com from a "buy" rating to a "neutral" rating and cut their price target for the company from $5.00 to $4.00 in a report on Thursday, February 27th. Needham & Company LLC reiterated a "buy" rating and issued a $4.00 target price on shares of Taboola.com in a report on Thursday, March 27th. Finally, JMP Securities cut their target price on shares of Taboola.com from $6.00 to $5.00 and set a "market outperform" rating for the company in a research note on Monday, January 27th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $4.38.

Taboola.com Company 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.