Globeflex Capital L P Takes $9.55 Million Position in Taboola.com Ltd. $TBLA

Globeflex Capital L P bought a new stake in shares of Taboola.com Ltd. (NASDAQ:TBLA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,910,929 shares of the company’s stock, valued at approximately $9,555,000. Taboola.com accounts for about 1.2% of Globeflex Capital L P’s portfolio, making the stock its 16th largest position. Globeflex Capital L P owned approximately 0.76% of Taboola.com as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Quarry LP purchased a new position in Taboola.com during the third quarter worth approximately $42,000. Headlands Technologies LLC purchased a new stake in shares of Taboola.com in the second quarter valued at approximately $43,000. Captrust Financial Advisors acquired a new position in shares of Taboola.com during the 2nd quarter worth approximately $46,000. Abacus Wealth Partners LLC acquired a new position in shares of Taboola.com during the 4th quarter worth approximately $48,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Taboola.com during the 3rd quarter valued at approximately $54,000. Institutional investors and hedge funds own 42.89% of the company’s stock.

Insider Transactions at Taboola.com

In other news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $4.40, for a total transaction of $52,800,000.00. Following the completion of the sale, the insider owned 18,039,644 shares of the company’s stock, valued at $79,374,433.60. This represents a 39.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 20.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TBLA shares. Benchmark cut their price target on shares of Taboola.com from $6.50 to $5.50 and set a “buy” rating for the company in a report on Thursday, August 6th. TD Cowen decreased their price objective on shares of Taboola.com from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Needham & Company LLC lifted their target price on shares of Taboola.com from $4.50 to $5.50 and gave the company a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings raised shares of Taboola.com from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen downgraded shares of Taboola.com from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 8th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.75.

Taboola.com Stock Performance

Shares of NASDAQ:TBLA opened at $3.74 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.11 and a quick ratio of 1.11. Taboola.com Ltd. has a 1 year low of $2.84 and a 1 year high of $5.71. The firm has a market capitalization of $942.93 million, a PE ratio of 9.35 and a beta of 1.50. The business’s 50 day moving average price is $4.78 and its 200-day moving average price is $4.16.

Taboola.com Profile

Taboola.com (NASDAQ: TBLA) operates a leading content discovery platform that connects advertisers with premium publishers through native advertising and personalized recommendations. The company’s technology analyzes user behavior and contextual information to deliver promoted content, video, and product recommendations to audiences across a network of thousands of websites and mobile apps. By leveraging machine learning and big data, Taboola helps publishers generate incremental revenue while enabling advertisers to reach engaged users at scale.

Taboola’s suite of products includes feed placements, video recommendations, and sponsored content units designed to blend seamlessly with editorial pages.