Migdal Insurance & Financial Holdings Ltd. cut its position in shares of Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 3.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,714,179 shares of the company's stock after selling 212,999 shares during the period. Migdal Insurance & Financial Holdings Ltd. owned 1.96% of Taboola.com worth $19,200,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in TBLA. Susquehanna Fundamental Investments LLC bought a new position in shares of Taboola.com during the 1st quarter valued at $195,000. Vanguard Group Inc. raised its holdings in Taboola.com by 2.7% during the first quarter. Vanguard Group Inc. now owns 660,112 shares of the company's stock valued at $2,931,000 after buying an additional 17,216 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Taboola.com by 558.2% in the first quarter. Acadian Asset Management LLC now owns 671,712 shares of the company's stock worth $2,977,000 after buying an additional 569,663 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Taboola.com during the 1st quarter worth about $335,000. Finally, Price T Rowe Associates Inc. MD bought a new stake in shares of Taboola.com during the 1st quarter worth about $271,000. 42.89% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. Needham & Company LLC restated a "buy" rating and issued a $5.00 target price on shares of Taboola.com in a report on Friday. Benchmark restated a "buy" rating and issued a $5.00 price objective on shares of Taboola.com in a research note on Monday, October 7th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $5.31.
Get Our Latest Stock Report on Taboola.com
Taboola.com Stock Performance
NASDAQ TBLA traded down $0.08 during trading on Friday, hitting $3.24. The company's stock had a trading volume of 1,111,758 shares, compared to its average volume of 714,802. Taboola.com Ltd. has a 52 week low of $2.87 and a 52 week high of $5.00. The firm has a market cap of $944.36 million, a P/E ratio of -21.60 and a beta of 1.28. The firm has a 50 day moving average price of $3.35 and a 200 day moving average price of $3.55. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.
Taboola.com (NASDAQ:TBLA - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.04). Taboola.com had a negative return on equity of 1.57% and a negative net margin of 3.07%. The company had revenue of $433.10 million for the quarter, compared to the consensus estimate of $429.43 million. During the same period last year, the firm posted ($0.02) EPS. Equities research analysts forecast that Taboola.com Ltd. will post 0.03 earnings per share for the current fiscal year.
Insider Activity
In related news, Director Lynda M. Clarizio sold 29,606 shares of Taboola.com stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $3.61, for a total transaction of $106,877.66. Following the sale, the director now directly owns 176,158 shares of the company's stock, valued at $635,930.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.40% of the stock is owned by company insiders.
About Taboola.com
(
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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