Counterpoint Mutual Funds LLC Purchases New Shares in Taboola.com Ltd. $TBLA

Counterpoint Mutual Funds LLC purchased a new position in shares of Taboola.com Ltd. (NASDAQ:TBLA) during the 1st quarter, Holdings Channel.com reports. The fund purchased 98,470 shares of the company’s stock, valued at approximately $305,000.

A number of other institutional investors have also recently added to or reduced their stakes in TBLA. LSV Asset Management grew its stake in shares of Taboola.com by 31.5% during the fourth quarter. LSV Asset Management now owns 2,608,389 shares of the company’s stock valued at $12,025,000 after acquiring an additional 624,831 shares in the last quarter. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Taboola.com in the fourth quarter worth about $2,305,000. Quent Capital LLC purchased a new position in Taboola.com in the fourth quarter valued at about $968,000. Globeflex Capital L P grew its stake in Taboola.com by 65.0% during the 4th quarter. Globeflex Capital L P now owns 1,638,910 shares of the company’s stock valued at $7,555,000 after purchasing an additional 645,755 shares in the last quarter. Finally, Creek Drive Management Group LLC purchased a new stake in Taboola.com during the 4th quarter worth approximately $649,000. Institutional investors and hedge funds own 42.89% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was 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 of the company’s stock, valued at approximately $79,374,433.60. This represents a 39.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.60% of the stock is currently owned by insiders.

Taboola.com Price Performance

Shares of NASDAQ:TBLA opened at $5.14 on Monday. The company’s fifty day moving average is $4.72 and its two-hundred day moving average is $4.03. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.13 and a current ratio of 1.13. Taboola.com Ltd. has a 1-year low of $2.84 and a 1-year high of $5.26. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 13.53 and a beta of 1.50.

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

Analyst Upgrades and Downgrades

TBLA has been the subject of several research analyst reports. TD Cowen increased their target price on Taboola.com from $4.00 to $6.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Needham & Company LLC raised their price objective 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 research note on Tuesday, April 21st. Zacks Research downgraded Taboola.com from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Benchmark upped their price objective on Taboola.com from $4.50 to $6.50 and gave the company a “buy” rating in a research note on Thursday, May 7th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $5.90.

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.