RBF Capital LLC Cuts Stake in Taboola.com Ltd. $TBLA

RBF Capital LLC reduced its position in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 28.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 250,000 shares of the company’s stock after selling 100,500 shares during the quarter. RBF Capital LLC’s holdings in Taboola.com were worth $1,152,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Abacus Wealth Partners LLC bought a new position in shares of Taboola.com during the 4th quarter valued at approximately $48,000. Headlands Technologies LLC bought a new position in shares of Taboola.com during the 2nd quarter valued at approximately $43,000. Quarry LP bought a new position in shares of Taboola.com during the 3rd quarter valued at approximately $42,000. Captrust Financial Advisors bought a new position in shares of Taboola.com during the 2nd quarter valued at approximately $46,000. Finally, Baron Wealth Management LLC bought a new position in shares of Taboola.com during the 4th quarter valued at approximately $67,000. 42.89% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Needham & Company LLC increased their target price on Taboola.com from $4.50 to $5.50 and gave the company a “buy” rating in a research report on Thursday, May 7th. TD Cowen increased their target price on Taboola.com from $4.00 to $6.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Taboola.com in a research report on Tuesday, April 21st. Wall Street Zen upgraded Taboola.com from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, Rosenblatt Securities increased their target price on Taboola.com from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Taboola.com presently has a consensus rating of “Moderate Buy” and an average target price of $5.90.

Insider Transactions at Taboola.com

In related news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $4.40, for a total value of $52,800,000.00. Following the completion of the sale, the insider directly owned 18,039,644 shares in the company, valued at $79,374,433.60. This trade represents a 39.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 20.60% of the stock is currently owned by corporate insiders.

Taboola.com Stock Up 2.0%

Shares of TBLA opened at $5.04 on Wednesday. The company has a market cap of $1.23 billion, a PE ratio of 13.26 and a beta of 1.51. The business has a fifty day moving average of $4.39 and a 200 day moving average of $3.96. Taboola.com Ltd. has a 52-week low of $2.84 and a 52-week high of $5.26. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.07.

Taboola.com (NASDAQ:TBLA) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.21. The company had revenue of $466.40 million during the quarter, compared to the consensus estimate of $453.30 million. Taboola.com had a return on equity of 10.72% and a net margin of 5.64%.Taboola.com’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the company earned ($0.03) earnings per share. On average, sell-side analysts expect that Taboola.com Ltd. will post 0.41 EPS for the current year.

Taboola.com Profile

Taboola.com (NASDAQ: TBLA) operates a leading content discovery platform that connects advertisers with premium publishers through native advertising and personalized recommendations. The company’s technology analyzes user behavior and contextual information to deliver promoted content, video, and product recommendations to audiences across a network of thousands of websites and mobile apps. By leveraging machine learning and big data, Taboola helps publishers generate incremental revenue while enabling advertisers to reach engaged users at scale.

Taboola’s suite of products includes feed placements, video recommendations, and sponsored content units designed to blend seamlessly with editorial pages.