Taboola.com Ltd. (NASDAQ:TBLA) Shares Sold by RBF Capital LLC

RBF Capital LLC lessened its position in shares of Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 39.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 350,500 shares of the company's stock after selling 229,500 shares during the period. RBF Capital LLC owned about 0.12% of Taboola.com worth $1,279,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TBLA. Harbor Capital Advisors Inc. grew its stake in shares of Taboola.com by 22.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 33,051 shares of the company's stock worth $121,000 after purchasing an additional 6,094 shares in the last quarter. Meitav Investment House Ltd. boosted its position in shares of Taboola.com by 9.4% during the 4th quarter. Meitav Investment House Ltd. now owns 75,500 shares of the company's stock worth $279,000 after acquiring an additional 6,500 shares in the last quarter. Tidal Investments LLC raised its position in shares of Taboola.com by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 183,856 shares of the company's stock worth $618,000 after acquiring an additional 8,127 shares in the last quarter. State Street Corp raised its position in shares of Taboola.com by 5.5% during the 3rd quarter. State Street Corp now owns 305,350 shares of the company's stock worth $1,026,000 after acquiring an additional 16,055 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in Taboola.com during the fourth quarter worth approximately $68,000. 42.89% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on TBLA shares. Oppenheimer reissued a "market perform" rating on shares of Taboola.com in a report on Wednesday, February 26th. Needham & Company LLC restated a "buy" rating and issued a $4.00 price objective on shares of Taboola.com in a research note on Thursday, March 27th. JMP Securities cut their target price on Taboola.com from $6.00 to $5.00 and set a "market outperform" rating on the stock in a research report on Monday, January 27th. Citizens Jmp downgraded Taboola.com from an "outperform" rating to a "market perform" rating in a research note on Thursday, February 27th. Finally, B. Riley cut Taboola.com from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $5.00 to $4.00 in a research note on Thursday, February 27th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Taboola.com currently has an average rating of "Moderate Buy" and a consensus price target of $4.38.

Insiders Place Their Bets

In other Taboola.com news, CEO Adam Singolda bought 60,229 shares of the company's stock in a transaction on Friday, February 28th. The shares were bought at an average price of $2.72 per share, for a total transaction of $163,822.88. Following the transaction, the chief executive officer now owns 14,462,943 shares of the company's stock, valued at approximately $39,339,204.96. This trade represents a 0.42 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Zvi Limon purchased 168,506 shares of Taboola.com stock in a transaction dated Thursday, February 27th. The stock was acquired at an average cost of $2.93 per share, with a total value of $493,722.58. Following the completion of the acquisition, the director now directly owns 2,987,383 shares in the company, valued at approximately $8,753,032.19. This trade represents a 5.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 22.40% of the stock is owned by insiders.

Taboola.com Trading Up 3.6 %

NASDAQ:TBLA opened at $2.86 on Wednesday. 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's 50 day simple moving average is $3.01 and its 200-day simple moving average is $3.42. Taboola.com Ltd. has a 12-month low of $2.50 and a 12-month high of $4.60. The firm has a market cap of $843.18 million, a P/E ratio of -28.60 and a beta of 1.21.

Taboola.com announced that its Board of Directors has approved a stock buyback plan on Wednesday, February 26th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 22.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

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.

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