Meitav Investment House Ltd. Grows Position in Taboola.com Ltd. (NASDAQ:TBLA)

Meitav Investment House Ltd. grew its position in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 11.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,000 shares of the company’s stock after acquiring an additional 7,000 shares during the quarter. Meitav Investment House Ltd.’s holdings in Taboola.com were worth $242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in TBLA. Acadian Asset Management LLC lifted its holdings in Taboola.com by 181.2% during the second quarter. Acadian Asset Management LLC now owns 1,888,614 shares of the company’s stock worth $6,489,000 after acquiring an additional 1,216,902 shares during the period. Millennium Management LLC raised its stake in shares of Taboola.com by 32.3% during the 2nd quarter. Millennium Management LLC now owns 1,339,987 shares of the company’s stock worth $4,610,000 after purchasing an additional 327,518 shares during the period. Yarra Square Partners LP boosted its holdings in shares of Taboola.com by 6.1% in the 2nd quarter. Yarra Square Partners LP now owns 1,113,858 shares of the company’s stock worth $3,832,000 after buying an additional 64,373 shares during the last quarter. Levin Capital Strategies L.P. grew its position in Taboola.com by 238.1% during the first quarter. Levin Capital Strategies L.P. now owns 884,104 shares of the company’s stock valued at $3,925,000 after buying an additional 622,614 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in Taboola.com by 4.2% during the second quarter. Renaissance Technologies LLC now owns 764,500 shares of the company’s stock worth $2,630,000 after buying an additional 30,500 shares during the last quarter. Hedge funds and other institutional investors own 42.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Benchmark reiterated a “buy” rating and issued a $5.00 target price on shares of Taboola.com in a research note on Monday, October 7th. Needham & Company LLC reiterated a “buy” rating and issued a $5.00 price objective on shares of Taboola.com in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Taboola.com presently has an average rating of “Buy” and an average target price of $5.31.

Taboola.com Trading Down 5.7 %

Shares of NASDAQ:TBLA opened at $3.32 on Friday. The company has a 50-day moving average price of $3.37 and a two-hundred day moving average price of $3.58. Taboola.com Ltd. has a twelve month low of $2.87 and a twelve month high of $5.00. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14.

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

Insider Buying and Selling

In other news, Director Lynda M. Clarizio sold 29,606 shares of the company’s stock in a transaction dated 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 directly owns 176,158 shares in the company, valued at $635,930.38. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 22.40% of the stock is currently owned by insiders.

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.