Globeflex Capital L P Acquires 268,105 Shares of Taboola.com Ltd. $TBLA

Globeflex Capital L P raised its stake in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 16.4% in the first quarter, Holdings Channel.com reports. The firm owned 1,907,015 shares of the company’s stock after buying an additional 268,105 shares during the period. Globeflex Capital L P’s holdings in Taboola.com were worth $5,912,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TBLA. Abacus Wealth Partners LLC purchased a new stake in shares of Taboola.com in the fourth quarter worth approximately $48,000. Headlands Technologies LLC purchased a new position in shares of Taboola.com during the second quarter valued at approximately $43,000. DGS Capital Management LLC purchased a new position in shares of Taboola.com during the fourth quarter valued at approximately $55,000. Quarry LP bought a new stake in Taboola.com during the third quarter worth $42,000. Finally, Captrust Financial Advisors bought a new stake in Taboola.com during the second quarter worth $46,000. 42.89% of the stock is owned by institutional investors.

Taboola.com Stock Performance

Shares of Taboola.com stock opened at $4.92 on Thursday. The business’s fifty day simple moving average is $4.98 and its 200 day simple moving average is $4.13. The firm has a market capitalization of $1.20 billion, a P/E ratio of 12.95 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 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 announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.21. Taboola.com had a return on equity of 10.72% and a net margin of 5.64%.The firm had revenue of $466.39 million during the quarter, compared to the consensus estimate of $453.30 million. During the same quarter in the prior year, the company earned ($0.03) EPS. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, analysts anticipate that Taboola.com Ltd. will post 0.41 EPS for the current year.

Wall Street Analysts Forecast Growth

TBLA has been the topic of several recent analyst reports. Benchmark raised their price objective on Taboola.com from $4.50 to $6.50 and gave the company a “buy” rating in a research note on Thursday, May 7th. TD Cowen increased their target price on shares of Taboola.com from $4.00 to $6.00 and gave the company a “buy” rating in a report on Monday, May 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Taboola.com in a research report on Friday, July 17th. Zacks Research cut shares of Taboola.com from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Needham & Company LLC boosted their price target on shares of Taboola.com from $4.50 to $5.50 and gave the stock a “buy” rating in a report on Thursday, May 7th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.90.

Insider Buying and Selling at Taboola.com

In related news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of the business’s stock in a transaction dated 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 transaction, the insider directly owned 18,039,644 shares of the company’s stock, valued at approximately $79,374,433.60. The trade was a 39.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 20.60% of the company’s stock.

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.