ARK Investment Management LLC Acquires 51,304 Shares of Taboola.com Ltd. $TBLA

ARK Investment Management LLC boosted its holdings in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 9.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 590,511 shares of the company’s stock after buying an additional 51,304 shares during the quarter. ARK Investment Management LLC’s holdings in Taboola.com were worth $2,161,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. CWM LLC grew its position in Taboola.com by 65.8% during the first quarter. CWM LLC now owns 11,348 shares of the company’s stock valued at $33,000 after buying an additional 4,502 shares during the period. Atria Wealth Solutions Inc. bought a new position in shares of Taboola.com in the second quarter worth approximately $37,000. Pallas Capital Advisors LLC bought a new position in shares of Taboola.com in the second quarter worth approximately $41,000. Baird Financial Group Inc. bought a new position in shares of Taboola.com in the first quarter worth approximately $59,000. Finally, PFG Investments LLC bought a new position in shares of Taboola.com in the second quarter worth approximately $66,000. 42.89% of the stock is currently owned by institutional investors.

Taboola.com Price Performance

Taboola.com stock opened at $3.32 on Thursday. The company has a market cap of $878.80 million, a price-to-earnings ratio of 83.00 and a beta of 1.27. The firm’s fifty day moving average is $3.33 and its 200 day moving average is $3.33. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 0.10. Taboola.com Ltd. has a 52-week low of $2.50 and a 52-week high of $4.30.

Insiders Place Their Bets

In other Taboola.com news, Director Erez Shachar sold 27,000 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $3.38, for a total transaction of $91,260.00. Following the transaction, the director owned 218,827 shares in the company, valued at $739,635.26. The trade was a 10.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 24.70% of the stock is owned by company insiders.

Analyst Ratings Changes

TBLA has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Taboola.com from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. BTIG Research assumed coverage on shares of Taboola.com in a report on Tuesday, October 7th. They issued a “neutral” rating on the stock. B. Riley boosted their target price on shares of Taboola.com from $4.00 to $4.50 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Taboola.com in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $4.50.

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.