Nano Cap New Millennium Growth Fund L P Acquires Shares of 500,000 Taboola.com Ltd. $TBLA

Nano Cap New Millennium Growth Fund L P acquired a new stake in Taboola.com Ltd. (NASDAQ:TBLA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 500,000 shares of the company’s stock, valued at approximately $2,305,000. Taboola.com makes up approximately 2.0% of Nano Cap New Millennium Growth Fund L P’s holdings, making the stock its 9th largest position. Nano Cap New Millennium Growth Fund L P owned about 0.17% of Taboola.com at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bridgeway Capital Management LLC increased its holdings in Taboola.com by 6.9% in the third quarter. Bridgeway Capital Management LLC now owns 2,289,068 shares of the company’s stock valued at $7,806,000 after buying an additional 147,920 shares in the last quarter. Bank of America Corp DE increased its holdings in Taboola.com by 8.2% in the third quarter. Bank of America Corp DE now owns 2,149,621 shares of the company’s stock valued at $7,330,000 after buying an additional 163,605 shares in the last quarter. Two Sigma Investments LP increased its holdings in Taboola.com by 114.6% in the third quarter. Two Sigma Investments LP now owns 2,005,558 shares of the company’s stock valued at $6,839,000 after buying an additional 1,070,864 shares in the last quarter. 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 valued at $6,764,000 after buying an additional 1,889,168 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in Taboola.com by 46.2% in the third quarter. Lazard Asset Management LLC now owns 1,174,837 shares of the company’s stock valued at $4,006,000 after buying an additional 371,212 shares in 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Taboola.com in a report on Tuesday, April 21st. Benchmark lifted their price objective on shares of Taboola.com from $4.50 to $6.50 and gave the company a “buy” rating in a 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. Rosenblatt Securities boosted their target price on shares of Taboola.com from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Finally, TD Cowen boosted their target price on shares of Taboola.com from $4.00 to $6.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.90.

Taboola.com Price Performance

TBLA stock opened at $4.93 on Friday. The stock has a market capitalization of $1.20 billion, a P/E ratio of 12.97 and a beta of 1.43. The firm has a 50-day simple moving average of $3.78 and a 200-day simple moving average of $3.85. 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 Ltd. has a 52 week low of $2.84 and a 52 week high of $5.26.

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

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.