Harbor Capital Advisors Inc. Has $121,000 Holdings in Taboola.com Ltd. (NASDAQ:TBLA)

Harbor Capital Advisors Inc. grew its position in Taboola.com Ltd. (NASDAQ:TBLA) by 22.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,051 shares of the company’s stock after purchasing an additional 6,094 shares during the period. Harbor Capital Advisors Inc.’s holdings in Taboola.com were worth $121,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. nVerses Capital LLC lifted its position in shares of Taboola.com by 74.5% in the third quarter. nVerses Capital LLC now owns 9,600 shares of the company’s stock worth $32,000 after purchasing an additional 4,100 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Taboola.com during the 2nd quarter worth approximately $47,000. Aigen Investment Management LP acquired a new stake in shares of Taboola.com in the 3rd quarter valued at approximately $63,000. EverSource Wealth Advisors LLC acquired a new position in Taboola.com during the second quarter worth $69,000. Finally, XTX Topco Ltd raised its position in Taboola.com by 104.3% during the second quarter. XTX Topco Ltd now owns 30,170 shares of the company’s stock worth $104,000 after acquiring an additional 15,401 shares in the last quarter. 42.89% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Taboola.com

In other Taboola.com news, Director Richard T. Scanlon sold 250,000 shares of the business’s 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 sale, the director now owns 70,642 shares of the company’s stock, valued at approximately $223,228.72. The trade was a 77.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 22.40% of the company’s stock.

Taboola.com Trading Up 2.9 %

TBLA opened at $3.58 on Thursday. 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 twelve month low of $2.87 and a twelve month high of $5.00. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -35.80 and a beta of 1.26. The company has a 50-day simple moving average of $3.67 and a 200 day simple moving average of $3.45.

Taboola.com (NASDAQ:TBLA) last announced 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 during the quarter, compared to the consensus estimate of $429.43 million. During the same period last year, the business earned ($0.02) earnings per share.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $5.00 target price on shares of Taboola.com in a report on Wednesday, December 18th. 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 investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus 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.