Taboola.com Ltd. (NASDAQ:TBLA) Shares Sold by Marshall Wace LLP

Marshall Wace LLP decreased its position in Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 17.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,348,015 shares of the company's stock after selling 276,590 shares during the period. Marshall Wace LLP owned 0.46% of Taboola.com worth $4,637,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TBLA. Wellington Management Group LLP boosted its holdings in shares of Taboola.com by 22.2% in the fourth quarter. Wellington Management Group LLP now owns 15,767,681 shares of the company's stock valued at $68,274,000 after purchasing an additional 2,859,451 shares during the period. Acadian Asset Management LLC lifted its holdings in Taboola.com by 181.2% during the second quarter. Acadian Asset Management LLC now owns 1,888,614 shares of the company's stock worth $6,489,000 after buying an additional 1,216,902 shares during the period. Levin Capital Strategies L.P. lifted its holdings in Taboola.com by 238.1% during the first quarter. Levin Capital Strategies L.P. now owns 884,104 shares of the company's stock worth $3,925,000 after buying an additional 622,614 shares during the period. GSA Capital Partners LLP lifted its holdings in Taboola.com by 292.4% during the fourth quarter. GSA Capital Partners LLP now owns 657,758 shares of the company's stock worth $2,848,000 after buying an additional 490,149 shares during the period. Finally, Tredje AP fonden purchased a new stake in Taboola.com during the second quarter worth $1,376,000. Hedge funds and other institutional investors own 42.89% of the company's stock.

Taboola.com Stock Down 0.9 %

Shares of TBLA traded down $0.03 during midday trading on Wednesday, hitting $3.16. 881,539 shares of the company's stock traded hands, compared to its average volume of 1,086,690. Taboola.com Ltd. has a 1 year low of $2.87 and a 1 year high of $5.00. The firm's fifty day moving average is $3.28 and its 200-day moving average is $3.70. 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 $918.72 million, a price-to-earnings ratio of -13.74 and a beta of 1.29.

Taboola.com (NASDAQ:TBLA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate 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 analyst estimates of $428.67 million. During the same quarter in the prior year, the business posted ($0.05) EPS. The business's revenue for the quarter was up 28.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Taboola.com Ltd. will post 0.03 earnings per share for the current year.

Insider Activity at Taboola.com

In related news, Director Lynda M. Clarizio sold 29,606 shares of the company's stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $3.61, for a total value of $106,877.66. Following the transaction, 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 legal filing with the SEC, which is available through this hyperlink. 22.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TBLA. Needham & Company LLC restated a "buy" rating and set a $5.00 target price on shares of Taboola.com in a report on Tuesday, September 24th. Benchmark restated a "buy" rating and set a $6.00 target price on shares of Taboola.com in a report on Tuesday, August 6th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Taboola.com currently has an average rating of "Buy" and a consensus price target of $5.56.

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.