G2 Investment Partners Management LLC Reduces Stock Holdings in Taboola.com Ltd. (NASDAQ:TBLA)

G2 Investment Partners Management LLC lessened its holdings in shares of Taboola.com Ltd. (NASDAQ:TBLAFree Report) by 44.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,618,599 shares of the company’s stock after selling 2,073,040 shares during the period. Taboola.com makes up about 3.3% of G2 Investment Partners Management LLC’s portfolio, making the stock its 4th biggest holding. G2 Investment Partners Management LLC owned about 0.87% of Taboola.com worth $11,339,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TBLA. Bank of New York Mellon Corp raised its stake in shares of Taboola.com by 24.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 20,504 shares of the company’s stock valued at $78,000 after buying an additional 4,030 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in Taboola.com in the 4th quarter worth about $98,000. Harbor Capital Advisors Inc. boosted its holdings in Taboola.com by 10.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 28,326 shares of the company’s stock worth $123,000 after buying an additional 2,726 shares during the last quarter. Arizona State Retirement System acquired a new stake in Taboola.com in the 4th quarter worth about $164,000. Finally, Acadian Asset Management LLC acquired a new stake in Taboola.com in the 3rd quarter worth about $185,000. Hedge funds and other institutional investors own 42.89% of the company’s stock.

Analysts Set New Price Targets

TBLA has been the topic of several research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $6.00 price objective on shares of Taboola.com in a report on Monday, May 20th. Benchmark reissued a “buy” rating and issued a $6.00 target price on shares of Taboola.com in a research note on Monday, May 6th. Oppenheimer raised their target price on shares of Taboola.com from $5.50 to $6.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Finally, B. Riley reissued a “buy” rating and issued a $5.25 target price on shares of Taboola.com in a research note on Wednesday, April 24th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Taboola.com has an average rating of “Buy” and a consensus target price of $5.79.

Read Our Latest Stock Report on TBLA

Taboola.com Trading Down 2.6 %

Shares of TBLA stock traded down $0.10 during trading on Thursday, hitting $3.70. 317,949 shares of the stock traded hands, compared to its average volume of 1,259,636. The firm has a market capitalization of $1.08 billion, a P/E ratio of -16.52 and a beta of 1.32. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 1.31. The firm’s fifty day moving average price is $4.14 and its 200-day moving average price is $4.24. Taboola.com Ltd. has a 52-week low of $2.85 and a 52-week high of $5.00.

Taboola.com (NASDAQ:TBLAGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.01. The firm had revenue of $414.01 million for the quarter, compared to analyst estimates of $401.73 million. Taboola.com had a negative net margin of 5.04% and a negative return on equity of 2.64%. As a group, research analysts forecast that Taboola.com Ltd. will post 0.03 earnings per share for the current fiscal year.

Taboola.com Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Taboola.com (NASDAQ:TBLA)

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