UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 15,291 Shares of Taboola.com Ltd. (NASDAQ:TBLA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in Taboola.com Ltd. (NASDAQ:TBLA) by 5.3% during the third quarter, HoldingsChannel reports. The firm owned 271,398 shares of the company’s stock after selling 15,291 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Taboola.com were worth $912,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of TBLA. Quantbot Technologies LP purchased a new stake in Taboola.com in the third quarter worth $116,000. Algert Global LLC grew its stake in shares of Taboola.com by 10.3% during the 3rd quarter. Algert Global LLC now owns 327,151 shares of the company’s stock worth $1,099,000 after acquiring an additional 30,597 shares during the period. Empowered Funds LLC purchased a new stake in Taboola.com in the 3rd quarter worth about $337,000. Intellectus Partners LLC raised its stake in Taboola.com by 4.5% in the 3rd quarter. Intellectus Partners LLC now owns 367,668 shares of the company’s stock valued at $1,235,000 after acquiring an additional 16,000 shares during the period. Finally, Aigen Investment Management LP bought a new position in Taboola.com during the third quarter worth about $63,000. Hedge funds and other institutional investors own 42.89% of the company’s stock.

Taboola.com Trading Down 2.3 %

Shares of TBLA opened at $3.86 on Thursday. 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 $1.13 billion, a PE ratio of -38.60 and a beta of 1.29. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The business’s 50-day moving average price is $3.58 and its 200-day moving average price is $3.43.

Taboola.com (NASDAQ:TBLA) last posted its earnings results 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). Taboola.com had a negative return on equity of 1.68% and a negative net margin of 1.96%. The firm had revenue of $433.10 million for the quarter, compared to the consensus estimate of $429.43 million. During the same period last year, the company posted ($0.02) EPS.

Insider Transactions at Taboola.com

In related news, Director Richard T. Scanlon sold 250,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $3.16, for a total value of $790,000.00. Following the transaction, the director now directly owns 70,642 shares in the company, valued at approximately $223,228.72. This represents a 77.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 22.40% of the company’s stock.

Analyst Ratings Changes

TBLA has been the topic of several research reports. Needham & Company LLC reissued a “buy” rating and issued a $5.00 price target on shares of Taboola.com in a research report on Wednesday. Benchmark reissued a “buy” rating and set a $5.00 target price on shares of Taboola.com in a report on Monday, October 7th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target 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.