Algert Global LLC bought a new position in Taboola.com Ltd. (NASDAQ:TBLA - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 296,554 shares of the company's stock, valued at approximately $1,020,000. Algert Global LLC owned about 0.10% of Taboola.com at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GSA Capital Partners LLP raised its position in Taboola.com by 292.4% in the fourth quarter. GSA Capital Partners LLP now owns 657,758 shares of the company's stock worth $2,848,000 after acquiring an additional 490,149 shares during the period. Tidal Investments LLC bought a new stake in Taboola.com in the 1st quarter valued at $806,000. Wellington Management Group LLP increased its holdings in Taboola.com by 22.2% in 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 last quarter. Tredje AP fonden bought a new stake in Taboola.com in the 2nd quarter valued at $1,376,000. Finally, Vanguard Group Inc. increased its holdings in Taboola.com by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 660,112 shares of the company's stock valued at $2,931,000 after acquiring an additional 17,216 shares during the last quarter. Hedge funds and other institutional investors own 42.89% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $5.00 price target on shares of Taboola.com in a report on Tuesday, September 24th. Benchmark reiterated a "buy" rating and issued a $6.00 price target 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, the stock currently has a consensus rating of "Buy" and a consensus price target of $5.56.
View Our Latest Report on Taboola.com
Taboola.com Trading Up 4.5 %
TBLA traded up $0.14 on Friday, reaching $3.28. 601,177 shares of the company traded hands, compared to its average volume of 1,080,790. Taboola.com Ltd. has a one year low of $2.87 and a one year high of $5.00. The firm has a fifty day simple moving average of $3.27 and a two-hundred day simple moving average of $3.69. The company has a market cap of $953.61 million, a P/E ratio of -14.26 and a beta of 1.29. 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 posted its quarterly earnings results 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 net margin of 3.07% and a negative return on equity of 1.57%. The business had revenue of $428.00 million during the quarter, compared to analyst estimates of $428.67 million. During the same quarter in the previous year, the business posted ($0.05) EPS. The company's quarterly revenue was up 28.9% compared to the same quarter last year. As a group, equities research analysts expect that Taboola.com Ltd. will post 0.03 earnings per share for the current year.
Insider Buying and Selling
In other Taboola.com news, Director Lynda M. Clarizio sold 29,606 shares of the business's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $3.61, for a total transaction of $106,877.66. Following the sale, the director now owns 176,158 shares of the company's stock, valued at approximately $635,930.38. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 22.40% of the stock is currently owned by company insiders.
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.
Further Reading
Before you consider Taboola.com, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Taboola.com wasn't on the list.
While Taboola.com currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
