Taboola.com Ltd. (NASDAQ:TBLA) Stock Position Decreased by Geode Capital Management LLC

Geode Capital Management LLC cut its stake in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 21.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 239,980 shares of the company’s stock after selling 66,223 shares during the period. Geode Capital Management LLC owned approximately 0.08% of Taboola.com worth $806,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. nVerses Capital LLC raised its holdings 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 buying an additional 4,100 shares during the period. Point72 Asset Management L.P. purchased a new position in shares of Taboola.com in the second quarter worth approximately $47,000. Aigen Investment Management LP acquired a new stake in shares of Taboola.com during the third quarter valued at approximately $63,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Taboola.com in the 2nd quarter valued at approximately $69,000. Finally, XTX Topco Ltd boosted its stake in Taboola.com by 104.3% in the 2nd quarter. XTX Topco Ltd now owns 30,170 shares of the company’s stock worth $104,000 after purchasing an additional 15,401 shares during the period. 42.89% of the stock is owned by hedge funds and other institutional investors.

Taboola.com Trading Down 2.7 %

Shares of NASDAQ:TBLA opened at $3.54 on Friday. The firm has a fifty day moving average of $3.66 and a two-hundred day moving average of $3.45. 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 Ltd. has a 12-month low of $2.87 and a 12-month high of $5.00. The firm has a market capitalization of $1.03 billion, a P/E ratio of -35.40 and a beta of 1.26.

Taboola.com (NASDAQ:TBLA) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.02) earnings per share (EPS) 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 firm had revenue of $433.10 million for the quarter, compared to analyst estimates of $429.43 million. During the same period in the previous year, the business posted ($0.02) EPS.

Insider Activity at Taboola.com

In other Taboola.com news, Director Richard T. Scanlon sold 250,000 shares of the stock in a transaction 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 transaction, the director now directly owns 70,642 shares of the company’s stock, valued at $223,228.72. This represents a 77.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 22.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TBLA has been the topic of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and set a $5.00 target price on shares of Taboola.com in a research note on Wednesday, December 18th. Benchmark reissued a “buy” rating and set a $5.00 price target on shares of Taboola.com in a research report on Monday, October 7th. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $5.31.

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.