Globeflex Capital L P Has $7.56 Million Position in Taboola.com Ltd. $TBLA

Globeflex Capital L P increased its position in Taboola.com Ltd. (NASDAQ:TBLA) by 65.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,638,910 shares of the company’s stock after acquiring an additional 645,755 shares during the period. Taboola.com comprises 1.2% of Globeflex Capital L P’s investment portfolio, making the stock its 18th biggest position. Globeflex Capital L P’s holdings in Taboola.com were worth $7,555,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. LSV Asset Management increased its holdings in Taboola.com by 2,001.4% in the third quarter. LSV Asset Management now owns 1,983,558 shares of the company’s stock worth $6,764,000 after buying an additional 1,889,168 shares during the last quarter. AlpInvest Partners B.V. acquired a new position in Taboola.com in the third quarter worth approximately $1,028,000. Quent Capital LLC acquired a new position in Taboola.com in the fourth quarter worth approximately $968,000. Nano Cap New Millennium Growth Fund L P acquired a new position in Taboola.com in the fourth quarter worth approximately $2,305,000. Finally, UBS Group AG increased its holdings in Taboola.com by 38.0% in the fourth quarter. UBS Group AG now owns 948,096 shares of the company’s stock worth $4,371,000 after buying an additional 260,996 shares during the last quarter. Institutional investors and hedge funds own 42.89% of the company’s stock.

Insider Buying and Selling at Taboola.com

In other news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $79,374,433.60. This represents a 39.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 24.70% of the company’s stock.

Taboola.com Trading Up 3.7%

Shares of TBLA stock opened at $4.74 on Friday. Taboola.com Ltd. has a 12 month low of $2.84 and a 12 month 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. The business’s 50 day moving average is $4.13 and its two-hundred day moving average is $3.92. The company has a market cap of $1.15 billion, a PE ratio of 12.47 and a beta of 1.51.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.21. Taboola.com had a return on equity of 10.72% and a net margin of 5.64%.The company had revenue of $466.40 million for the quarter, compared to the consensus estimate of $453.30 million. During the same quarter last year, the company posted ($0.03) earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities analysts predict that Taboola.com Ltd. will post 0.41 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on TBLA shares. Weiss Ratings restated a “hold (c)” rating on shares of Taboola.com in a report on Tuesday, April 21st. Zacks Research downgraded Taboola.com from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. TD Cowen increased their price target on Taboola.com from $4.00 to $6.00 and gave the company a “buy” rating in a report on Monday, May 11th. Wall Street Zen upgraded Taboola.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, Benchmark increased their price target on Taboola.com from $4.50 to $6.50 and gave the company a “buy” rating in a report on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $5.90.

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.