Ritholtz Wealth Management Purchases New Shares in Taboola.com Ltd. $TBLA

Ritholtz Wealth Management acquired a new stake in Taboola.com Ltd. (NASDAQ:TBLA) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 234,015 shares of the company’s stock, valued at approximately $725,000. Ritholtz Wealth Management owned approximately 0.09% of Taboola.com at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP acquired a new position in shares of Taboola.com in the third quarter valued at about $42,000. Headlands Technologies LLC bought a new stake in Taboola.com in the 2nd quarter valued at about $43,000. Captrust Financial Advisors acquired a new position in shares of Taboola.com during the 2nd quarter worth approximately $46,000. Abacus Wealth Partners LLC bought a new position in shares of Taboola.com during the fourth quarter worth approximately $48,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Taboola.com in the third quarter valued at approximately $54,000. Institutional investors and hedge funds own 42.89% of the company’s stock.

Insider Activity

In other news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $4.40, for a total transaction of $52,800,000.00. Following the completion of the transaction, the insider directly owned 18,039,644 shares in the company, valued at approximately $79,374,433.60. This represents a 39.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 20.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Needham & Company LLC raised their price objective on Taboola.com from $4.50 to $5.50 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Wall Street Zen upgraded Taboola.com from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Zacks Research cut shares of Taboola.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. 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 research report on Monday, May 11th. Finally, Benchmark upped their price target on shares of Taboola.com from $4.50 to $6.50 and gave the stock a “buy” rating in a report on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.90.

Taboola.com Stock Up 4.6%

TBLA stock opened at $4.98 on Tuesday. The firm has a 50-day moving average price of $4.62 and a 200-day moving average price of $4.00. Taboola.com Ltd. has a 12 month low of $2.84 and a 12 month high of $5.26. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $1.21 billion, a P/E ratio of 13.11 and a beta of 1.50.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.21. The company had revenue of $466.39 million for the quarter, compared to analyst estimates of $453.30 million. Taboola.com had a net margin of 5.64% and a return on equity of 10.72%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.03) EPS. As a group, equities research analysts anticipate that Taboola.com Ltd. will post 0.41 EPS for the current fiscal year.

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.