EVR Research LP lowered its position in Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 36.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,800,000 shares of the company's stock after selling 1,050,000 shares during the period. Taboola.com accounts for approximately 1.8% of EVR Research LP's portfolio, making the stock its 21st biggest holding. EVR Research LP owned approximately 0.62% of Taboola.com worth $6,192,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in TBLA. Wellington Management Group LLP boosted its holdings in Taboola.com by 22.2% during the 4th quarter. Wellington Management Group LLP now owns 15,767,681 shares of the company's stock valued at $68,274,000 after acquiring an additional 2,859,451 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Taboola.com by 181.2% in the second quarter. Acadian Asset Management LLC now owns 1,888,614 shares of the company's stock valued at $6,489,000 after purchasing an additional 1,216,902 shares in the last quarter. Yarra Square Partners LP increased its stake in Taboola.com by 6.1% during the 2nd quarter. Yarra Square Partners LP now owns 1,113,858 shares of the company's stock worth $3,832,000 after buying an additional 64,373 shares during the period. Checchi Capital Advisers LLC lifted its holdings in Taboola.com by 38.5% during the 1st quarter. Checchi Capital Advisers LLC now owns 1,069,944 shares of the company's stock worth $4,751,000 after buying an additional 297,411 shares in the last quarter. Finally, Levin Capital Strategies L.P. boosted its position in Taboola.com by 238.1% in the 1st quarter. Levin Capital Strategies L.P. now owns 884,104 shares of the company's stock valued at $3,925,000 after buying an additional 622,614 shares during the period. 42.89% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the company. Benchmark reaffirmed a "buy" rating and set a $6.00 price objective on shares of Taboola.com in a research report on Tuesday, August 6th. Needham & Company LLC restated a "buy" rating and set a $5.00 price target on shares of Taboola.com in a report on Tuesday. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $5.56.
Check Out Our Latest Analysis on Taboola.com
Insider Buying and Selling
In other news, Director Lynda M. Clarizio sold 29,606 shares of the business's stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $3.61, for a total value of $106,877.66. Following the completion of the sale, the director now directly owns 176,158 shares of the company's stock, valued at approximately $635,930.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.40% of the stock is owned by company insiders.
Taboola.com Stock Up 1.9 %
NASDAQ:TBLA traded up $0.06 during trading hours on Thursday, hitting $3.27. The company's stock had a trading volume of 762,460 shares, compared to its average volume of 1,090,347. Taboola.com Ltd. has a 52-week low of $2.87 and a 52-week high of $5.00. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $950.70 million, a P/E ratio of -13.96 and a beta of 1.29. The stock has a fifty day moving average of $3.29 and a 200-day moving average of $3.74.
Taboola.com (NASDAQ:TBLA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.04. Taboola.com had a negative return on equity of 1.57% and a negative net margin of 3.07%. The firm had revenue of $428.00 million during the quarter, compared to the consensus estimate of $428.67 million. During the same period in the prior year, the company posted ($0.05) earnings per share. The firm's quarterly revenue was up 28.9% compared to the same quarter last year. On average, equities analysts forecast that Taboola.com Ltd. will post 0.03 earnings per share for the current year.
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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