State Street Corp Purchases 16,055 Shares of Taboola.com Ltd. (NASDAQ:TBLA)

State Street Corp increased its position in Taboola.com Ltd. (NASDAQ:TBLA) by 5.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 305,350 shares of the company’s stock after purchasing an additional 16,055 shares during the quarter. State Street Corp owned approximately 0.10% of Taboola.com worth $1,026,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC lifted its stake in Taboola.com by 32.3% during the second quarter. Millennium Management LLC now owns 1,339,987 shares of the company’s stock worth $4,610,000 after purchasing an additional 327,518 shares during the period. Algert Global LLC acquired a new stake in Taboola.com in the 2nd quarter valued at $1,020,000. Tredje AP fonden bought a new stake in Taboola.com in the second quarter valued at $1,376,000. Acadian Asset Management LLC raised its stake in Taboola.com by 181.2% during the second quarter. Acadian Asset Management LLC now owns 1,888,614 shares of the company’s stock worth $6,489,000 after acquiring an additional 1,216,902 shares in the last quarter. Finally, Empowered Funds LLC bought a new position in shares of Taboola.com during the third quarter valued at $337,000. Institutional investors and hedge funds own 42.89% of the company’s stock.

Insider Transactions at Taboola.com

In other news, Director Richard T. Scanlon sold 250,000 shares of Taboola.com stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $3.16, for a total transaction of $790,000.00. Following the completion of the sale, the director now owns 70,642 shares in the company, valued at $223,228.72. The trade was a 77.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 22.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TBLA shares. Benchmark reiterated a “buy” rating and set a $5.00 target price on shares of Taboola.com in a research report on Monday, October 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 price objective on shares of Taboola.com in a report on Wednesday, December 18th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Taboola.com has an average rating of “Buy” and a consensus price target of $5.31.

Taboola.com Stock Up 2.2 %

Shares of NASDAQ:TBLA opened at $3.73 on Friday. Taboola.com Ltd. has a 12 month low of $2.87 and a 12 month high of $5.00. The firm has a market cap of $1.09 billion, a P/E ratio of -37.30 and a beta of 1.29. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The company’s 50-day moving average price is $3.63 and its two-hundred day moving average price is $3.44.

Taboola.com (NASDAQ:TBLA) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). Taboola.com had a negative net margin of 1.96% and a negative return on equity of 1.68%. The company had revenue of $433.10 million during the quarter, compared to analyst estimates of $429.43 million. During the same period in the prior year, the business earned ($0.02) EPS.

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.