Empowered Funds LLC Acquires New Position in Taboola.com Ltd. (NASDAQ:TBLA)

Empowered Funds LLC bought a new position in Taboola.com Ltd. (NASDAQ:TBLA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 100,380 shares of the company’s stock, valued at approximately $337,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. nVerses Capital LLC raised its position in shares of 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 purchasing an additional 4,100 shares during the period. Bayesian Capital Management LP acquired a new stake in Taboola.com in the first quarter worth $61,000. Point72 Asset Management L.P. bought a new stake in Taboola.com in the second quarter valued at $47,000. Aigen Investment Management LP bought a new stake in Taboola.com in the third quarter valued at $63,000. Finally, EverSource Wealth Advisors LLC acquired a new position in shares of Taboola.com during the second quarter valued at $69,000. 42.89% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Taboola.com

In related news, Director Richard T. Scanlon sold 250,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $3.16, for a total value of $790,000.00. Following the sale, the director now directly owns 70,642 shares in the company, valued at $223,228.72. The trade was a 77.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, the director now owns 176,158 shares of the company’s stock, valued at $635,930.38. The trade was a 14.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 22.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TBLA shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $5.00 price objective on shares of Taboola.com in a report on Friday, November 8th. Benchmark restated a “buy” rating and issued a $5.00 price target on shares of Taboola.com in a research note on Monday, October 7th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Taboola.com presently has a consensus rating of “Buy” and a consensus target price of $5.31.

Taboola.com Stock Performance

Shares of TBLA opened at $3.47 on Tuesday. The firm has a market capitalization of $1.01 billion, a PE ratio of -34.70 and a beta of 1.28. 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 firm has a 50-day moving average price of $3.36 and a 200 day moving average price of $3.46. Taboola.com Ltd. has a 52-week low of $2.87 and a 52-week high of $5.00.

Taboola.com (NASDAQ:TBLA) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The company had revenue of $433.10 million for the quarter, compared to analyst estimates 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 quarter in the prior year, the business earned ($0.02) EPS.

Taboola.com Company 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.