Tidal Investments LLC Grows Stake in Taboola.com Ltd. (NASDAQ:TBLA)

Tidal Investments LLC lifted its stake in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 4.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 183,856 shares of the company’s stock after purchasing an additional 8,127 shares during the period. Tidal Investments LLC owned 0.06% of Taboola.com worth $618,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TBLA. Acadian Asset Management LLC increased its position in Taboola.com by 181.2% in the second quarter. Acadian Asset Management LLC now owns 1,888,614 shares of the company’s stock worth $6,489,000 after buying an additional 1,216,902 shares during the last quarter. Millennium Management LLC increased its holdings in Taboola.com by 32.3% in the 2nd quarter. Millennium Management LLC now owns 1,339,987 shares of the company’s stock worth $4,610,000 after acquiring an additional 327,518 shares during the last quarter. Yarra Square Partners LP increased its holdings in Taboola.com by 6.1% in the 2nd quarter. Yarra Square Partners LP now owns 1,113,858 shares of the company’s stock worth $3,832,000 after acquiring an additional 64,373 shares during the last quarter. GSA Capital Partners LLP raised its stake in Taboola.com by 11.6% in the 3rd quarter. GSA Capital Partners LLP now owns 814,598 shares of the company’s stock valued at $2,737,000 after acquiring an additional 84,382 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Taboola.com by 4.2% during the second quarter. Renaissance Technologies LLC now owns 764,500 shares of the company’s stock valued at $2,630,000 after purchasing an additional 30,500 shares during the last quarter. Institutional investors own 42.89% of the company’s stock.

Insider Activity at Taboola.com

In other Taboola.com news, Director Richard T. Scanlon sold 250,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $3.16, for a total value of $790,000.00. Following the sale, the director now owns 70,642 shares of the company’s stock, valued at $223,228.72. This trade represents a 77.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 22.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TBLA shares. Benchmark reissued a “buy” rating and issued a $5.00 price target on shares of Taboola.com in a research report on Monday, October 7th. Needham & Company LLC reissued a “buy” rating and set a $5.00 target price on shares of Taboola.com in a report on Wednesday. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $5.31.

Taboola.com Trading Down 0.3 %

Shares of TBLA opened at $3.84 on Friday. The business’s 50-day moving average price is $3.61 and its 200-day moving average price is $3.44. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. Taboola.com Ltd. has a twelve month low of $2.87 and a twelve month high of $5.00. The stock has a market cap of $1.12 billion, a PE ratio of -38.40 and a beta of 1.29.

Taboola.com (NASDAQ:TBLA) last posted its earnings results on Thursday, November 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). The firm had revenue of $433.10 million during the quarter, compared to analysts’ expectations of $429.43 million. Taboola.com had a negative return on equity of 1.68% and a negative net margin of 1.96%. During the same quarter in the prior year, the company earned ($0.02) earnings per share.

Taboola.com Company Profile

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.