Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Taboola.com Ltd. (NASDAQ:TBLA – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 500,000 shares of the company’s stock, valued at approximately $2,305,000. Taboola.com makes up approximately 2.0% of Nano Cap New Millennium Growth Fund L P’s portfolio, making the stock its 9th largest holding.
Several other large investors also recently bought and sold shares of the business. Bridgeway Capital Management LLC grew its stake in Taboola.com by 6.9% during the 3rd quarter. Bridgeway Capital Management LLC now owns 2,289,068 shares of the company’s stock valued at $7,806,000 after acquiring an additional 147,920 shares in the last quarter. Bank of America Corp DE grew its stake in Taboola.com by 8.2% during the 3rd quarter. Bank of America Corp DE now owns 2,149,621 shares of the company’s stock valued at $7,330,000 after acquiring an additional 163,605 shares in the last quarter. Two Sigma Investments LP grew its stake in Taboola.com by 114.6% during the 3rd quarter. Two Sigma Investments LP now owns 2,005,558 shares of the company’s stock valued at $6,839,000 after acquiring an additional 1,070,864 shares in the last quarter. LSV Asset Management grew its stake in Taboola.com by 2,001.4% during the 3rd quarter. LSV Asset Management now owns 1,983,558 shares of the company’s stock valued at $6,764,000 after acquiring an additional 1,889,168 shares in the last quarter. Finally, Lazard Asset Management LLC grew its stake in Taboola.com by 46.2% during the 3rd quarter. Lazard Asset Management LLC now owns 1,174,837 shares of the company’s stock valued at $4,006,000 after acquiring an additional 371,212 shares in the last quarter. Hedge funds and other institutional investors own 42.89% of the company’s stock.
Taboola.com Stock Performance
NASDAQ:TBLA opened at $4.93 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 12.97 and a beta of 1.43. The company’s 50-day moving average is $3.78 and its two-hundred day moving average is $3.85. Taboola.com Ltd. has a 1-year low of $2.84 and a 1-year high of $5.26.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on TBLA shares. Benchmark upped their price objective on shares of Taboola.com from $4.50 to $6.50 and gave the company a “buy” rating in a research note on Thursday, May 7th. Rosenblatt Securities upped their price objective on shares of Taboola.com from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Taboola.com in a report on Tuesday, April 21st. Wall Street Zen upgraded shares of Taboola.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, TD Cowen boosted their target price on shares of Taboola.com from $4.00 to $6.00 and gave the company a “buy” rating in a report on Monday, May 11th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $5.90.
Check Out Our Latest Report on Taboola.com
About Taboola.com
Taboola.com (NASDAQ: TBLA) operates a leading content discovery platform that connects advertisers with premium publishers through native advertising and personalized recommendations. The company’s technology analyzes user behavior and contextual information to deliver promoted content, video, and product recommendations to audiences across a network of thousands of websites and mobile apps. By leveraging machine learning and big data, Taboola helps publishers generate incremental revenue while enabling advertisers to reach engaged users at scale.
Taboola’s suite of products includes feed placements, video recommendations, and sponsored content units designed to blend seamlessly with editorial pages.
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