Barclays PLC Has $122,000 Stake in Taboola.com Ltd. (NASDAQ:TBLA)

Barclays PLC boosted its position in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 1,218.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,431 shares of the company’s stock after acquiring an additional 33,668 shares during the period. Barclays PLC’s holdings in Taboola.com were worth $122,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. nVerses Capital LLC lifted its position in Taboola.com by 74.5% during the 3rd quarter. nVerses Capital LLC now owns 9,600 shares of the company’s stock worth $32,000 after acquiring an additional 4,100 shares during the last quarter. Meitav Investment House Ltd. raised its position in shares of Taboola.com by 11.3% during the third quarter. Meitav Investment House Ltd. now owns 69,000 shares of the company’s stock valued at $242,000 after buying an additional 7,000 shares during the last quarter. Arizona State Retirement System raised its position in shares of Taboola.com by 22.2% during the second quarter. Arizona State Retirement System now owns 45,493 shares of the company’s stock valued at $156,000 after buying an additional 8,262 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Taboola.com during the second quarter valued at about $47,000. Finally, XTX Topco Ltd raised its position in shares of Taboola.com by 104.3% during the second quarter. XTX Topco Ltd now owns 30,170 shares of the company’s stock valued at $104,000 after buying an additional 15,401 shares during the last quarter. Institutional investors and hedge funds own 42.89% of the company’s stock.

Taboola.com Stock Performance

NASDAQ TBLA opened at $3.64 on Thursday. The stock has a market cap of $1.06 billion, a P/E ratio of -36.40 and a beta of 1.26. The company’s 50-day simple moving average is $3.65 and its 200 day simple moving average is $3.45. Taboola.com Ltd. has a twelve month low of $2.87 and a twelve month high of $5.00. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Taboola.com (NASDAQ:TBLA) last posted its 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). The business had revenue of $433.10 million during the quarter, compared to the consensus estimate of $429.43 million. Taboola.com had a negative net margin of 1.96% and a negative return on equity of 1.68%. During the same period in the previous year, the firm earned ($0.02) EPS.

Wall Street Analysts Forecast Growth

TBLA has been the subject of a number of research analyst reports. Benchmark reaffirmed a “buy” rating and set a $5.00 price objective 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 research report on Wednesday, December 18th. Four analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $5.31.

Insiders Place Their Bets

In other Taboola.com news, Director Richard T. Scanlon sold 250,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $3.16, for a total transaction of $790,000.00. Following the sale, the director now directly owns 70,642 shares of the company’s stock, valued at approximately $223,228.72. This represents a 77.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 22.40% of the company’s stock.

About Taboola.com

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.