Taboola.com Ltd. $TBLA Shares Bought by Globeflex Capital L P

Globeflex Capital L P raised its position in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 65.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,638,910 shares of the company’s stock after buying an additional 645,755 shares during the quarter. Taboola.com accounts for 1.2% of Globeflex Capital L P’s portfolio, making the stock its 18th largest position. Globeflex Capital L P owned about 0.57% of Taboola.com worth $7,555,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of TBLA. Baird Financial Group Inc. purchased a new stake in Taboola.com during the first quarter valued at about $59,000. AQR Capital Management LLC lifted its stake in Taboola.com by 60.6% during the first quarter. AQR Capital Management LLC now owns 998,731 shares of the company’s stock valued at $2,946,000 after buying an additional 376,684 shares in the last quarter. Empowered Funds LLC lifted its stake in Taboola.com by 41.1% during the first quarter. Empowered Funds LLC now owns 722,984 shares of the company’s stock valued at $2,133,000 after buying an additional 210,562 shares in the last quarter. Creative Planning purchased a new stake in Taboola.com during the second quarter valued at about $154,000. Finally, American Century Companies Inc. lifted its stake in Taboola.com by 22.3% during the second quarter. American Century Companies Inc. now owns 420,732 shares of the company’s stock valued at $1,540,000 after buying an additional 76,640 shares in the last quarter. 42.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on TBLA. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Taboola.com in a research note on Tuesday, April 21st. Needham & Company LLC upped their price objective on shares of Taboola.com from $4.50 to $5.50 and gave the company a “buy” rating in a research note on Thursday, May 7th. Wall Street Zen raised shares of Taboola.com from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. 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. Finally, 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. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5.90.

Insider Buying and Selling at Taboola.com

In other news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of the company’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 transaction, the insider owned 18,039,644 shares in the company, valued at $79,374,433.60. This represents a 39.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 24.70% of the stock is owned by corporate insiders.

Taboola.com Price Performance

Shares of TBLA opened at $4.74 on Friday. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 12.47 and a beta of 1.51. Taboola.com Ltd. has a fifty-two week low of $2.84 and a fifty-two week high of $5.26. 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 business’s 50-day moving average is $4.13 and its 200-day moving average is $3.92.

Taboola.com (NASDAQ:TBLA) last issued its earnings results on Wednesday, May 6th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.21. The company had revenue of $466.40 million for the quarter, compared to the consensus estimate of $453.30 million. Taboola.com had a return on equity of 10.72% and a net margin of 5.64%.The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.03) EPS. Equities research analysts expect that Taboola.com Ltd. will post 0.41 EPS for the current fiscal year.

Taboola.com Company 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.