OMERS ADMINISTRATION Corp acquired a new position in Taboola.com Ltd. (NASDAQ:TBLA – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 132,000 shares of the company’s stock, valued at approximately $409,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Hsbc Holdings PLC acquired a new position in Taboola.com during the 4th quarter worth about $887,000. Globeflex Capital L P increased its stake in shares of Taboola.com by 16.4% in the first quarter. Globeflex Capital L P now owns 1,907,015 shares of the company’s stock valued at $5,912,000 after buying an additional 268,105 shares during the period. LSV Asset Management increased its stake in shares of Taboola.com by 31.5% in the fourth quarter. LSV Asset Management now owns 2,608,389 shares of the company’s stock valued at $12,025,000 after buying an additional 624,831 shares during the period. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Taboola.com during the fourth quarter worth about $2,305,000. Finally, Quent Capital LLC bought a new position in shares of Taboola.com during the fourth quarter worth about $968,000. 42.89% of the stock is currently owned by institutional investors and hedge funds.
Taboola.com Stock Down 1.8%
Shares of NASDAQ TBLA opened at $5.01 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.22 billion, a PE ratio of 13.18 and a beta of 1.50. The company’s fifty day simple moving average is $4.98 and its 200 day simple moving average is $4.17. Taboola.com Ltd. has a 12-month low of $2.84 and a 12-month high of $5.71.
Insider Activity at Taboola.com
In related news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $4.40, for a total value of $52,800,000.00. Following the completion of the sale, the insider directly owned 18,039,644 shares of the company’s stock, valued at $79,374,433.60. The trade was a 39.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 20.60% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several analysts recently commented on TBLA shares. TD Cowen upped their target price on Taboola.com from $4.00 to $6.00 and gave the company a “buy” rating in a report on Monday, May 11th. Needham & Company LLC raised their price target on shares of Taboola.com from $4.50 to $5.50 and gave the stock a “buy” rating in a report on Thursday, May 7th. Weiss Ratings restated a “hold (c)” rating on shares of Taboola.com in a report on Friday, July 17th. Zacks Research downgraded shares of Taboola.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, 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. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.90.
Get Our Latest Report on Taboola.com
Taboola.com Profile
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.
Featured Articles
- Five stocks we like better than Taboola.com
- Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
- Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
- Apple’s Record Quarter Could Not Outrun Its Guidance Problem
- McKesson’s Compounding Keeps Adding Up
Want to see what other hedge funds are holding TBLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Taboola.com Ltd. (NASDAQ:TBLA – Free Report).
Receive News & Ratings for Taboola.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Taboola.com and related companies with MarketBeat.com's FREE daily email newsletter.
