37,434 Shares in Taboola.com Ltd. (NASDAQ:TBLA) Bought by Verition Fund Management LLC

Verition Fund Management LLC acquired a new stake in shares of Taboola.com Ltd. (NASDAQ:TBLA) during the 3rd quarter, HoldingsChannel reports. The fund acquired 37,434 shares of the company’s stock, valued at approximately $126,000.

Several other institutional investors have also modified their holdings of TBLA. nVerses Capital LLC lifted its holdings in Taboola.com by 74.5% in the 3rd quarter. nVerses Capital LLC now owns 9,600 shares of the company’s stock valued at $32,000 after purchasing an additional 4,100 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Taboola.com in the second quarter valued at about $47,000. Aigen Investment Management LP purchased a new position in shares of Taboola.com in the third quarter worth about $63,000. EverSource Wealth Advisors LLC acquired a new position in Taboola.com during the second quarter worth about $69,000. Finally, Bailard Inc. purchased a new stake in Taboola.com during the 2nd quarter valued at about $102,000. Institutional investors and hedge funds own 42.89% of the company’s stock.

Taboola.com Trading Up 1.0 %

Shares of TBLA stock opened at $4.05 on Tuesday. The stock has a market capitalization of $1.18 billion, a P/E ratio of -40.50 and a beta of 1.29. Taboola.com Ltd. has a fifty-two week low of $2.87 and a fifty-two 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 company has a 50 day moving average price of $3.56 and a 200 day moving average price of $3.43.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The firm had revenue of $433.10 million during the quarter, compared to analyst estimates 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 in the previous year, the business posted ($0.02) earnings per share.

Insider Buying and Selling at Taboola.com

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TBLA shares. Benchmark reaffirmed a “buy” rating and issued 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 issued a $5.00 target price on shares of Taboola.com in a research note on Friday, November 8th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $5.31.

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.