Taboola.com Ltd. (NASDAQ:TBLA) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP raised its position in Taboola.com Ltd. (NASDAQ:TBLA) by 61.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,863 shares of the company’s stock after purchasing an additional 21,281 shares during the quarter. Quantbot Technologies LP’s holdings in Taboola.com were worth $204,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in TBLA. Connor Clark & Lunn Investment Management Ltd. increased its position in Taboola.com by 4.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,480,668 shares of the company’s stock valued at $5,404,000 after acquiring an additional 63,324 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Taboola.com by 54.7% in the third quarter. JPMorgan Chase & Co. now owns 727,181 shares of the company’s stock worth $2,443,000 after purchasing an additional 257,009 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Taboola.com by 410.5% during the fourth quarter. Empowered Funds LLC now owns 512,422 shares of the company’s stock valued at $1,870,000 after purchasing an additional 412,042 shares during the period. Yelin Lapidot Holdings Management Ltd. bought a new stake in shares of Taboola.com during the fourth quarter valued at about $1,724,000. Finally, State Street Corp lifted its holdings in Taboola.com by 5.5% in the third quarter. State Street Corp now owns 305,350 shares of the company’s stock worth $1,026,000 after purchasing an additional 16,055 shares during the period. Institutional investors own 42.89% of the company’s stock.

Insider Activity

In related news, CEO Adam Singolda bought 60,229 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were bought at an average cost of $2.72 per share, with a total value of $163,822.88. Following the completion of the transaction, the chief executive officer now directly owns 14,462,943 shares of the company’s stock, valued at approximately $39,339,204.96. This trade represents a 0.42 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Zvi Limon bought 168,506 shares of Taboola.com stock in a transaction dated Thursday, February 27th. The shares were bought at an average cost of $2.93 per share, with a total value of $493,722.58. Following the completion of the acquisition, the director now owns 2,987,383 shares of the company’s stock, valued at $8,753,032.19. The trade was a 5.98 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 22.40% of the company’s stock.

Taboola.com Trading Down 2.3 %

Shares of NASDAQ:TBLA opened at $2.96 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market capitalization of $872.21 million, a price-to-earnings ratio of -29.60 and a beta of 1.33. Taboola.com Ltd. has a 1-year low of $2.69 and a 1-year high of $4.60. The company has a 50 day moving average price of $3.39 and a 200 day moving average price of $3.49.

Taboola.com declared that its board has authorized a stock repurchase program on Wednesday, February 26th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 22.2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several research firms have commented on TBLA. Benchmark reissued a “buy” rating and set a $4.50 target price on shares of Taboola.com in a research note on Thursday. JMP Securities lowered their price objective on shares of Taboola.com from $6.00 to $5.00 and set a “market outperform” rating on the stock in a research note on Monday, January 27th. B. Riley downgraded Taboola.com from a “buy” rating to a “neutral” rating and cut their target price for the stock from $5.00 to $4.00 in a research report on Thursday, February 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $4.00 price target on shares of Taboola.com in a research note on Thursday. Finally, Citizens Jmp downgraded Taboola.com from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $4.38.

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.