296,554 Shares in Taboola.com Ltd. (NASDAQ:TBLA) Acquired by Algert Global LLC

Algert Global LLC purchased a new stake in shares of Taboola.com Ltd. (NASDAQ:TBLA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 296,554 shares of the company’s stock, valued at approximately $1,020,000. Algert Global LLC owned about 0.10% of Taboola.com as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TBLA. Wellington Management Group LLP grew its stake in Taboola.com by 22.2% in the 4th quarter. Wellington Management Group LLP now owns 15,767,681 shares of the company’s stock valued at $68,274,000 after buying an additional 2,859,451 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Taboola.com by 181.2% during the 2nd quarter. Acadian Asset Management LLC now owns 1,888,614 shares of the company’s stock worth $6,489,000 after purchasing an additional 1,216,902 shares during the last quarter. Levin Capital Strategies L.P. increased its position in Taboola.com by 238.1% in the 1st quarter. Levin Capital Strategies L.P. now owns 884,104 shares of the company’s stock worth $3,925,000 after buying an additional 622,614 shares during the period. GSA Capital Partners LLP lifted its holdings in shares of Taboola.com by 292.4% during the fourth quarter. GSA Capital Partners LLP now owns 657,758 shares of the company’s stock worth $2,848,000 after buying an additional 490,149 shares during the last quarter. Finally, Tredje AP fonden bought a new stake in shares of Taboola.com in the second quarter valued at approximately $1,376,000. Institutional investors own 42.89% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Benchmark reiterated a “buy” rating and set a $6.00 target price on shares of Taboola.com in a research note on Tuesday, August 6th. Needham & Company LLC restated a “buy” rating and set a $5.00 price objective on shares of Taboola.com in a report on Tuesday, September 24th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Taboola.com has an average rating of “Buy” and a consensus target price of $5.56.

Insider Buying and Selling at Taboola.com

In related news, Director Lynda M. Clarizio sold 29,606 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $3.61, for a total transaction of $106,877.66. Following the completion of the transaction, the director now owns 176,158 shares in the company, valued at $635,930.38. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 22.40% of the company’s stock.

Taboola.com Stock Up 4.5 %

Shares of TBLA stock opened at $3.28 on Friday. Taboola.com Ltd. has a one year low of $2.87 and a one year high of $5.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a fifty day moving average price of $3.27 and a 200 day moving average price of $3.70. The stock has a market cap of $953.61 million, a P/E ratio of -14.26 and a beta of 1.29.

Taboola.com (NASDAQ:TBLA) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. The company had revenue of $428.00 million during the quarter, compared to the consensus estimate of $428.67 million. Taboola.com had a negative net margin of 3.07% and a negative return on equity of 1.57%. The firm’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.05) EPS. Analysts predict that Taboola.com Ltd. will post 0.03 earnings per share for the current year.

Taboola.com Profile

Taboola.com Ltd., together with its subsidiaries, operates an artificial intelligence-based algorithmic engine platform in Israel, the United States, the United Kingdom, Germany, and internationally. It offers Taboola, a platform that partners with websites, devices, and mobile apps to recommend editorial content and advertisements on the open web to users.