Millennium Management LLC increased its holdings in shares of Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 32.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,339,987 shares of the company's stock after purchasing an additional 327,518 shares during the quarter. Millennium Management LLC owned 0.46% of Taboola.com worth $4,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. raised its stake in shares of Taboola.com by 8.0% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 60,701 shares of the company's stock worth $270,000 after buying an additional 4,478 shares during the period. Van ECK Associates Corp lifted its stake in shares of Taboola.com by 8.5% during the 2nd quarter. Van ECK Associates Corp now owns 71,035 shares of the company's stock worth $244,000 after acquiring an additional 5,535 shares during the last quarter. Counterpoint Mutual Funds LLC raised its position in Taboola.com by 35.6% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 30,798 shares of the company's stock valued at $137,000 after purchasing an additional 8,079 shares in the last quarter. Arizona State Retirement System raised its position in Taboola.com by 22.2% during the 2nd quarter. Arizona State Retirement System now owns 45,493 shares of the company's stock valued at $156,000 after purchasing an additional 8,262 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Taboola.com by 40.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,877 shares of the company's stock valued at $154,000 after acquiring an additional 12,869 shares during the period. 42.89% of the stock is owned by institutional investors.
Taboola.com Stock Performance
Shares of NASDAQ:TBLA traded up $0.05 during trading hours on Friday, hitting $3.34. The stock had a trading volume of 368,688 shares, compared to its average volume of 1,071,421. The stock's fifty day simple moving average is $3.26 and its 200 day simple moving average is $3.65. Taboola.com Ltd. has a 1-year low of $2.87 and a 1-year high of $5.00. The firm has a market capitalization of $971.05 million, a price-to-earnings ratio of -14.52 and a beta of 1.29. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.31.
Taboola.com (NASDAQ:TBLA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.04. The firm had revenue of $428.00 million for the quarter, compared to analyst estimates of $428.67 million. Taboola.com had a negative net margin of 3.07% and a negative return on equity of 1.57%. The firm's quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.05) earnings per share. Sell-side analysts anticipate that Taboola.com Ltd. will post 0.03 earnings per share for the current fiscal year.
Insider Buying and Selling at Taboola.com
In other news, Director Lynda M. Clarizio sold 29,606 shares of the firm's stock in a transaction 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 transaction, the director now owns 176,158 shares in the company, valued at approximately $635,930.38. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 22.40% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have 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 research report on Thursday. Benchmark reaffirmed a "buy" rating and set a $5.00 price target on shares of Taboola.com in a report on Monday, October 7th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, Taboola.com presently has a consensus rating of "Buy" and a consensus price target of $5.31.
View Our Latest Analysis on TBLA
Taboola.com Company 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.
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