Taboola.com Ltd. (NASDAQ:TBLA) Shares Purchased by Intellectus Partners LLC

Intellectus Partners LLC increased its position in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 4.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 367,668 shares of the company’s stock after acquiring an additional 16,000 shares during the quarter. Intellectus Partners LLC’s holdings in Taboola.com were worth $1,235,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Millennium Management LLC grew its stake in shares of Taboola.com by 32.3% in the 2nd quarter. Millennium Management LLC now owns 1,339,987 shares of the company’s stock valued at $4,610,000 after buying an additional 327,518 shares during the period. Tidal Investments LLC purchased a new position in Taboola.com in the first quarter worth approximately $806,000. Algert Global LLC purchased a new position in Taboola.com in the second quarter worth approximately $1,020,000. Tredje AP fonden acquired a new stake in Taboola.com during the second quarter worth $1,376,000. Finally, Vanguard Group Inc. raised its position in Taboola.com by 2.7% in the first quarter. Vanguard Group Inc. now owns 660,112 shares of the company’s stock valued at $2,931,000 after purchasing an additional 17,216 shares during the period. 42.89% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Taboola.com

In other news, Director Lynda M. Clarizio sold 29,606 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $3.61, for a total value of $106,877.66. Following the sale, the director now directly owns 176,158 shares in the company, valued at approximately $635,930.38. This trade represents a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 22.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TBLA shares. Benchmark reiterated a “buy” rating and set a $5.00 price target on shares of Taboola.com in a report on Monday, October 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 target price on shares of Taboola.com in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $5.31.

Taboola.com Stock Down 1.8 %

TBLA opened at $3.20 on Friday. Taboola.com Ltd. has a 52 week low of $2.87 and a 52 week high of $5.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.31. The business has a fifty day simple moving average of $3.35 and a 200-day simple moving average of $3.53.

Taboola.com (NASDAQ:TBLA) last announced its earnings results on Thursday, November 7th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The firm had revenue of $433.10 million for the quarter, compared to analysts’ expectations of $429.43 million. Taboola.com had a negative net margin of 1.96% and a negative return on equity of 1.68%. During the same quarter last year, the business earned ($0.02) earnings per share. On average, equities analysts predict that Taboola.com Ltd. will post 0.03 earnings per share for the current year.

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.