Taboola.com Ltd. (NASDAQ:TBLA) Stake Raised by Intellectus Partners LLC

Intellectus Partners LLC raised its position in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 19.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 356,668 shares of the company’s stock after purchasing an additional 58,650 shares during the period. Intellectus Partners LLC’s holdings in Taboola.com were worth $1,544,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Taboola.com by 20.9% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,043,235 shares of the company’s stock valued at $17,507,000 after acquiring an additional 700,000 shares during the last quarter. Meitav Investment House Ltd. acquired a new position in shares of Taboola.com during the 4th quarter valued at about $242,000. Arizona State Retirement System acquired a new position in shares of Taboola.com during the 4th quarter valued at about $164,000. Harbor Capital Advisors Inc. increased its holdings in shares of Taboola.com by 10.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 28,326 shares of the company’s stock valued at $123,000 after acquiring an additional 2,726 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in shares of Taboola.com by 8.0% during the 3rd quarter. Citigroup Inc. now owns 123,134 shares of the company’s stock valued at $467,000 after acquiring an additional 9,138 shares during the last quarter. 42.89% of the stock is owned by hedge funds and other institutional investors.

Taboola.com Price Performance

Shares of NASDAQ:TBLA traded up $0.03 during trading on Friday, hitting $4.23. 759,358 shares of the stock were exchanged, compared to its average volume of 772,275. Taboola.com Ltd. has a 1-year low of $2.16 and a 1-year high of $5.00. The company’s fifty day simple moving average is $4.34 and its 200-day simple moving average is $4.14. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.32 and a quick ratio of 1.32.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.05. Taboola.com had a negative return on equity of 1.85% and a negative net margin of 5.70%. The company had revenue of $419.80 million for the quarter, compared to analyst estimates of $436.96 million. During the same quarter last year, the firm earned $0.11 EPS. Taboola.com’s revenue for the quarter was up 13.1% compared to the same quarter last year. Analysts forecast that Taboola.com Ltd. will post 0.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TBLA shares. Needham & Company LLC reissued a “buy” rating and set a $6.00 price objective on shares of Taboola.com in a report on Thursday, March 28th. TheStreet raised Taboola.com from a “d+” rating to a “c-” rating in a report on Friday, January 19th. Oppenheimer raised their target price on Taboola.com from $5.50 to $6.00 and gave the company an “outperform” rating in a report on Thursday, February 29th. Finally, B. Riley reaffirmed a “buy” rating and issued a $5.25 target price on shares of Taboola.com in a report on Wednesday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Taboola.com has a consensus rating of “Buy” and an average price target of $5.79.

Insider Transactions at Taboola.com

In related news, CTO Lior Golan sold 10,187 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $4.86, for a total transaction of $49,508.82. Following the completion of the transaction, the chief technology officer now owns 2,545,291 shares in the company, valued at approximately $12,370,114.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders have sold 55,325 shares of company stock valued at $269,318. 23.49% of the stock is owned by corporate insiders.

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.