Intellectus Partners LLC Boosts Position in Taboola.com Ltd. (NASDAQ:TBLA)

Intellectus Partners LLC increased its stake in Taboola.com Ltd. (NASDAQ:TBLA) by 19.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 356,668 shares of the company’s stock after buying an additional 58,650 shares during the period. Intellectus Partners LLC owned 0.12% of Taboola.com worth $1,544,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TBLA. Harbor Capital Advisors Inc. increased its position in 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 purchasing an additional 2,726 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Taboola.com by 24.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 20,504 shares of the company’s stock valued at $78,000 after buying an additional 4,030 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Taboola.com by 6.8% in the 3rd quarter. Van ECK Associates Corp now owns 69,769 shares of the company’s stock valued at $264,000 after buying an additional 4,438 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of Taboola.com by 8.0% in the 3rd quarter. Citigroup Inc. now owns 123,134 shares of the company’s stock valued at $467,000 after buying an additional 9,138 shares in the last quarter. Finally, Arizona State Retirement System bought a new stake in shares of Taboola.com in the 4th quarter valued at about $164,000. Hedge funds and other institutional investors own 42.89% of the company’s stock.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, CTO Lior Golan sold 23,211 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $4.86, for a total transaction of $112,805.46. Following the sale, the chief technology officer now directly owns 2,545,291 shares in the company, valued at $12,370,114.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 55,325 shares of company stock worth $269,318 over the last three months. Company insiders own 23.49% of the company’s stock.

Taboola.com Stock Up 0.7 %

NASDAQ TBLA traded up $0.03 on Friday, hitting $4.23. The company had a trading volume of 759,358 shares, compared to its average volume of 772,275. The company’s fifty day moving average price is $4.34 and its 200-day moving average price 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 Ltd. has a 12-month low of $2.16 and a 12-month high of $5.00.

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

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.