Teacher Retirement System of Texas Increases Position in Taboola.com Ltd. (NASDAQ:TBLA)

Teacher Retirement System of Texas raised its stake in shares of Taboola.com Ltd. (NASDAQ:TBLA - Free Report) by 263.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 130,494 shares of the company's stock after purchasing an additional 94,565 shares during the period. Teacher Retirement System of Texas' holdings in Taboola.com were worth $476,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. grew its stake in shares of Taboola.com by 22.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 33,051 shares of the company's stock worth $121,000 after buying an additional 6,094 shares in the last quarter. Meitav Investment House Ltd. grew its position in Taboola.com by 9.4% in the fourth 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 increased its stake in Taboola.com by 4.6% during the third quarter. Tidal Investments LLC now owns 183,856 shares of the company's stock worth $618,000 after acquiring an additional 8,127 shares during the last quarter. State Street Corp raised its position in Taboola.com by 5.5% during the third quarter. State Street Corp now owns 305,350 shares of the company's stock valued at $1,026,000 after purchasing an additional 16,055 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Taboola.com in the 4th quarter valued at approximately $68,000. Hedge funds and other institutional investors own 42.89% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TBLA. JMP Securities decreased their price target on Taboola.com from $6.00 to $5.00 and set a "market outperform" rating on the stock in a report on Monday, January 27th. Needham & Company LLC reissued a "buy" rating and issued a $4.00 target price on shares of Taboola.com in a research note on Thursday, March 27th. Oppenheimer reiterated a "market perform" rating on shares of Taboola.com in a report on Wednesday, February 26th. Citizens Jmp lowered shares of Taboola.com from an "outperform" rating to a "market perform" rating in a research report on Thursday, February 27th. Finally, Benchmark restated a "buy" rating and set a $4.50 target price on shares of Taboola.com in a research report on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Taboola.com has a consensus rating of "Moderate Buy" and an average target price of $4.38.

Insider Transactions at Taboola.com

In related news, Director Zvi Limon bought 168,506 shares of the company's stock in a transaction on Thursday, February 27th. The shares were bought at an average price of $2.93 per share, with a total value of $493,722.58. Following the transaction, the director now 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam Singolda acquired 60,229 shares of the company's stock in a transaction dated Friday, February 28th. The shares were bought at an average cost of $2.72 per share, for a total transaction of $163,822.88. Following the completion of the acquisition, the chief executive officer now directly owns 14,462,943 shares of the company's stock, valued at approximately $39,339,204.96. The trade was a 0.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 22.40% of the company's stock.

Taboola.com Stock Down 6.7 %

Shares of NASDAQ TBLA traded down $0.19 during trading hours on Friday, hitting $2.66. 2,879,443 shares of the stock were exchanged, compared to its average volume of 1,170,736. Taboola.com Ltd. has a 12 month low of $2.62 and a 12 month high of $4.60. The firm has a fifty day moving average price of $3.32 and a 200-day moving average price of $3.47. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market cap of $783.81 million, a PE ratio of -26.60 and a beta of 1.21.

Taboola.com declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 26th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to reacquire up to 22.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is 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.