Inspire Investing LLC Acquires New Shares in Taboola.com Ltd. $TBLA

Inspire Investing LLC acquired a new position in Taboola.com Ltd. (NASDAQ:TBLA) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 523,014 shares of the company’s stock, valued at approximately $1,621,000.

Other hedge funds have also recently bought and sold shares of the company. LSV Asset Management raised its holdings in Taboola.com by 31.5% during the fourth quarter. LSV Asset Management now owns 2,608,389 shares of the company’s stock valued at $12,025,000 after buying an additional 624,831 shares in the last quarter. Bridgeway Capital Management LLC lifted its position in shares of Taboola.com by 6.9% in the third quarter. Bridgeway Capital Management LLC now owns 2,289,068 shares of the company’s stock worth $7,806,000 after buying an additional 147,920 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Taboola.com by 8.2% during the 3rd quarter. Bank of America Corp DE now owns 2,149,621 shares of the company’s stock worth $7,330,000 after acquiring an additional 163,605 shares in the last quarter. Two Sigma Investments LP boosted its stake in shares of Taboola.com by 114.6% during the 3rd quarter. Two Sigma Investments LP now owns 2,005,558 shares of the company’s stock worth $6,839,000 after acquiring an additional 1,070,864 shares in the last quarter. Finally, Globeflex Capital L P increased its holdings in shares of Taboola.com by 65.0% during the 4th quarter. Globeflex Capital L P now owns 1,638,910 shares of the company’s stock valued at $7,555,000 after acquiring an additional 645,755 shares during the last quarter. 42.89% of the stock is owned by institutional investors and hedge funds.

Taboola.com Trading Up 0.4%

Shares of TBLA stock opened at $5.00 on Wednesday. Taboola.com Ltd. has a 1 year low of $2.84 and a 1 year high of $5.26. The firm’s fifty day simple moving average is $4.64 and its 200 day simple moving average is $4.01. The firm has a market capitalization of $1.22 billion, a P/E ratio of 13.16 and a beta of 1.51. The company has a current ratio of 1.13, a quick 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 for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.21. The firm had revenue of $466.39 million during the quarter, compared to the consensus estimate of $453.30 million. Taboola.com had a net margin of 5.64% and a return on equity of 10.72%. The business’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.03) EPS. As a group, sell-side analysts predict that Taboola.com Ltd. will post 0.41 EPS for the current year.

Analysts Set New Price Targets

TBLA has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Taboola.com in a research note on Tuesday, April 21st. Needham & Company LLC increased their price target on Taboola.com from $4.50 to $5.50 and gave the company a “buy” rating in a report on Thursday, May 7th. Benchmark lifted their price target on shares of Taboola.com from $4.50 to $6.50 and gave the company a “buy” rating in a research report on Thursday, May 7th. Zacks Research cut shares of Taboola.com from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Wall Street Zen upgraded shares of Taboola.com from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $5.90.

Insider Transactions at Taboola.com

In other Taboola.com news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of the company’s 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 transaction, the insider owned 18,039,644 shares of the company’s stock, valued at $79,374,433.60. This represents a 39.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 20.60% of the stock is owned by corporate insiders.

Taboola.com Company 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.