Yelin Lapidot Holdings Management Ltd. Makes New $1.72 Million Investment in Taboola.com Ltd. (NASDAQ:TBLA)

Yelin Lapidot Holdings Management Ltd. purchased a new position in shares of Taboola.com Ltd. (NASDAQ:TBLA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 472,313 shares of the company's stock, valued at approximately $1,724,000. Yelin Lapidot Holdings Management Ltd. owned 0.16% of Taboola.com as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. GSA Capital Partners LLP lifted its position in Taboola.com by 11.6% during the third quarter. GSA Capital Partners LLP now owns 814,598 shares of the company's stock worth $2,737,000 after acquiring an additional 84,382 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Taboola.com by 54.7% during the third quarter. JPMorgan Chase & Co. now owns 727,181 shares of the company's stock worth $2,443,000 after acquiring an additional 257,009 shares during the last quarter. ARK Investment Management LLC lifted its position in Taboola.com by 9.2% during the third quarter. ARK Investment Management LLC now owns 594,590 shares of the company's stock worth $1,998,000 after acquiring an additional 50,256 shares during the last quarter. Empowered Funds LLC lifted its position in Taboola.com by 410.5% during the fourth quarter. Empowered Funds LLC now owns 512,422 shares of the company's stock worth $1,870,000 after acquiring an additional 412,042 shares during the last quarter. Finally, Intellectus Partners LLC lifted its position in Taboola.com by 4.5% during the third quarter. Intellectus Partners LLC now owns 367,668 shares of the company's stock worth $1,235,000 after acquiring an additional 16,000 shares during the last quarter. 42.89% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. JMP Securities cut their price objective on shares of Taboola.com from $6.00 to $5.00 and set a "market outperform" rating for the company in a research report on Monday, January 27th. Needham & Company LLC dropped their price target on shares of Taboola.com from $5.00 to $4.00 and set a "buy" rating for the company in a research report on Thursday. Oppenheimer reiterated a "market perform" rating on shares of Taboola.com in a research report on Wednesday, February 26th. Citizens Jmp downgraded shares of Taboola.com from an "outperform" rating to a "market perform" rating in a research report on Thursday. Finally, B. Riley downgraded shares of Taboola.com from a "buy" rating to a "neutral" rating and dropped their price target for the company from $5.00 to $4.00 in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $4.50.

Insider Activity at Taboola.com

In other news, Director Zvi Limon acquired 168,506 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average cost of $2.93 per share, with a total value of $493,722.58. Following the completion of the purchase, the director now directly owns 2,987,383 shares of the company's stock, valued at $8,753,032.19. The trade was a 5.98 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Adam Singolda acquired 60,229 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average cost of $2.72 per share, for a total transaction of $163,822.88. Following the completion of the purchase, the chief executive officer now directly owns 14,462,943 shares of the company's stock, valued at $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. 22.40% of the stock is currently owned by insiders.

Taboola.com Price Performance

NASDAQ:TBLA traded up $0.08 during mid-day trading on Monday, reaching $2.81. The stock had a trading volume of 10,618,105 shares, compared to its average volume of 1,485,259. The stock has a 50-day simple moving average of $3.68 and a two-hundred day simple moving average of $3.54. The stock has a market capitalization of $828.01 million, a PE ratio of -28.10 and a beta of 1.27. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 1.31. Taboola.com Ltd. has a 12 month low of $2.69 and a 12 month high of $4.76.

Taboola.com announced that its board has authorized a share repurchase program on Wednesday, February 26th that authorizes the company to buyback $200.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 22.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board 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.