OMERS ADMINISTRATION Corp Buys Shares of 132,000 Taboola.com Ltd. $TBLA

OMERS ADMINISTRATION Corp purchased a new stake in Taboola.com Ltd. (NASDAQ:TBLA) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 132,000 shares of the company’s stock, valued at approximately $409,000. OMERS ADMINISTRATION Corp owned about 0.05% of Taboola.com as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership raised its holdings in shares of Taboola.com by 14.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,719,172 shares of the company’s stock worth $5,329,000 after buying an additional 214,758 shares in the last quarter. Globeflex Capital L P boosted its stake in Taboola.com by 16.4% in the first quarter. Globeflex Capital L P now owns 1,907,015 shares of the company’s stock valued at $5,912,000 after buying an additional 268,105 shares in the last quarter. State of Wyoming grew its position in Taboola.com by 185.3% in the first quarter. State of Wyoming now owns 103,072 shares of the company’s stock valued at $320,000 after acquiring an additional 66,947 shares during the last quarter. Bank of New York Mellon Corp grew its position in Taboola.com by 27.6% in the first quarter. Bank of New York Mellon Corp now owns 93,199 shares of the company’s stock valued at $289,000 after acquiring an additional 20,159 shares during the last quarter. Finally, Hsbc Holdings PLC raised its stake in Taboola.com by 31.9% during the first quarter. Hsbc Holdings PLC now owns 252,624 shares of the company’s stock worth $783,000 after acquiring an additional 61,150 shares in the last quarter. Institutional investors and hedge funds own 42.89% of the company’s stock.

Insider Activity

In related news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were 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 in the company, valued at $79,374,433.60. This trade represents a 39.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 20.60% of the stock is owned by corporate insiders.

Taboola.com Price Performance

Shares of TBLA opened at $5.01 on Friday. 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 stock has a market cap of $1.22 billion, a PE ratio of 13.18 and a beta of 1.50. Taboola.com Ltd. has a 12-month low of $2.84 and a 12-month high of $5.71. The business has a 50-day simple moving average of $4.98 and a two-hundred day simple moving average of $4.17.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.21. The firm had revenue of $466.39 million for the quarter, compared to analyst estimates of $453.30 million. Taboola.com had a return on equity of 10.72% and a net margin of 5.64%.The business’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period last year, the firm posted ($0.03) earnings per share. Analysts anticipate that Taboola.com Ltd. will post 0.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TBLA shares. Benchmark increased their target price on shares of Taboola.com from $4.50 to $6.50 and gave the stock a “buy” rating in a report on Thursday, May 7th. Wall Street Zen raised shares of Taboola.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. TD Cowen upped their price objective on shares of Taboola.com from $4.00 to $6.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Taboola.com in a research note on Friday, July 17th. Finally, Zacks Research lowered shares of Taboola.com from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.90.

About Taboola.com

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.