Taboola.com Ltd. (NASDAQ:TBLA) Shares Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC increased its stake in Taboola.com Ltd. (NASDAQ:TBLA) by 188.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,951 shares of the company’s stock after purchasing an additional 80,941 shares during the period. Squarepoint Ops LLC’s holdings in Taboola.com were worth $426,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. GSA Capital Partners LLP increased its holdings in shares of Taboola.com by 292.4% in the fourth quarter. GSA Capital Partners LLP now owns 657,758 shares of the company’s stock valued at $2,848,000 after purchasing an additional 490,149 shares during the period. Wellington Management Group LLP raised its position in Taboola.com by 22.2% during the 4th quarter. Wellington Management Group LLP now owns 15,767,681 shares of the company’s stock worth $68,274,000 after buying an additional 2,859,451 shares during the last quarter. Counterpoint Mutual Funds LLC lifted its stake in Taboola.com by 35.6% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 30,798 shares of the company’s stock valued at $137,000 after acquiring an additional 8,079 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Taboola.com by 8.0% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 60,701 shares of the company’s stock valued at $270,000 after acquiring an additional 4,478 shares during the last quarter. Finally, Saxon Interests Inc. acquired a new stake in shares of Taboola.com in the first quarter worth $179,000. Hedge funds and other institutional investors own 42.89% of the company’s stock.

Taboola.com Stock Performance

Shares of NASDAQ TBLA opened at $3.29 on Friday. Taboola.com Ltd. has a 1 year low of $2.87 and a 1 year high of $5.00. 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 company’s fifty day moving average price is $3.26 and its 200 day moving average price is $3.66. The company has a market capitalization of $956.51 million, a PE ratio of -14.30 and a beta of 1.29.

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

Analysts Set New Price Targets

TBLA has been the subject of a number of research reports. Needham & Company LLC restated a “buy” rating and set a $5.00 target price on shares of Taboola.com in a research report on Thursday. Benchmark reiterated a “buy” rating and set a $5.00 price objective on shares of Taboola.com in a research note on Monday. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $5.31.

Insider Transactions at Taboola.com

In other Taboola.com news, Director Lynda M. Clarizio sold 29,606 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $3.61, for a total value of $106,877.66. Following the transaction, the director now directly owns 176,158 shares in the company, valued at $635,930.38. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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.