GSA Capital Partners LLP Sells 256,127 Shares of Taboola.com Ltd. $TBLA

GSA Capital Partners LLP lessened its stake in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 27.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 662,927 shares of the company’s stock after selling 256,127 shares during the period. Taboola.com makes up approximately 0.3% of GSA Capital Partners LLP’s portfolio, making the stock its 19th biggest position. GSA Capital Partners LLP’s holdings in Taboola.com were worth $3,056,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TBLA. Baird Financial Group Inc. bought a new stake in shares of Taboola.com during the first quarter worth $59,000. AQR Capital Management LLC grew its stake in shares of Taboola.com by 60.6% during the first quarter. AQR Capital Management LLC now owns 998,731 shares of the company’s stock worth $2,946,000 after buying an additional 376,684 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Taboola.com by 41.1% during the first quarter. Empowered Funds LLC now owns 722,984 shares of the company’s stock worth $2,133,000 after buying an additional 210,562 shares during the last quarter. Creative Planning bought a new stake in shares of Taboola.com during the second quarter worth $154,000. Finally, American Century Companies Inc. grew its stake in shares of Taboola.com by 22.3% during the second quarter. American Century Companies Inc. now owns 420,732 shares of the company’s stock worth $1,540,000 after buying an additional 76,640 shares during the last quarter. Institutional investors own 42.89% of the company’s stock.

Analyst Upgrades and Downgrades

TBLA has been the topic of a number of research reports. Zacks Research cut shares of Taboola.com from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Needham & Company LLC lifted their price target on shares of Taboola.com from $4.50 to $5.50 and gave the stock a “buy” rating in a report on Thursday, May 7th. Rosenblatt Securities lifted their price target on shares of Taboola.com from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Benchmark lifted their price target on shares of Taboola.com from $4.50 to $6.50 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of Taboola.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $5.90.

Taboola.com Price Performance

Shares of NASDAQ:TBLA opened at $5.01 on Tuesday. The firm has a market cap of $1.22 billion, a PE ratio of 13.18 and a beta of 1.43. The firm’s fifty day moving average is $3.68 and its 200-day moving average is $3.82. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.13 and a current ratio of 1.13. Taboola.com Ltd. has a 52 week low of $2.84 and a 52 week high of $5.26.

Taboola.com (NASDAQ:TBLA) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.21. The company had revenue of $466.40 million for the quarter, compared to analyst estimates of $453.30 million. Taboola.com had a net margin of 5.64% and a return on equity of 10.72%. Taboola.com’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.03) earnings per share. Sell-side analysts predict that Taboola.com Ltd. will post 0.34 earnings per share for the current year.

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.