Inspire Investing LLC Invests $1.62 Million in Taboola.com Ltd. $TBLA

Inspire Investing LLC acquired a new stake in Taboola.com Ltd. (NASDAQ:TBLA) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 523,014 shares of the company’s stock, valued at approximately $1,621,000. Inspire Investing LLC owned 0.21% of Taboola.com as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. LSV Asset Management raised its holdings in shares of Taboola.com by 31.5% in the 4th quarter. LSV Asset Management now owns 2,608,389 shares of the company’s stock worth $12,025,000 after purchasing an additional 624,831 shares in the last quarter. Quent Capital LLC bought a new position in shares of Taboola.com in the fourth quarter valued at $968,000. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of Taboola.com during the 4th quarter valued at $2,305,000. Globeflex Capital L P boosted its stake in shares of Taboola.com by 65.0% during the 4th quarter. Globeflex Capital L P now owns 1,638,910 shares of the company’s stock worth $7,555,000 after acquiring an additional 645,755 shares in the last quarter. Finally, Ritholtz Wealth Management acquired a new position in shares of Taboola.com in the 1st quarter worth $725,000. 42.89% of the stock is owned by institutional investors and hedge funds.

Taboola.com Trading Up 0.4%

Shares of NASDAQ:TBLA opened at $5.00 on Wednesday. The firm has a fifty day moving average of $4.64 and a two-hundred day moving average of $4.01. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.07. Taboola.com Ltd. has a 12-month low of $2.84 and a 12-month high of $5.26. The firm has a market capitalization of $1.22 billion, a P/E ratio of 13.16 and a beta of 1.51.

Taboola.com (NASDAQ:TBLA) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.21. The business had revenue of $466.39 million for the quarter, compared to the consensus estimate 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 for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.03) earnings per share. On average, equities analysts expect that Taboola.com Ltd. will post 0.41 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on TBLA. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Taboola.com in a report on Tuesday, April 21st. Wall Street Zen raised shares of Taboola.com from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Zacks Research lowered shares of Taboola.com from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. TD Cowen upped their price target on shares of Taboola.com from $4.00 to $6.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Finally, Needham & Company LLC raised their price objective on shares of Taboola.com from $4.50 to $5.50 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $5.90.

Insider Activity

In other news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of Taboola.com stock in a transaction dated Thursday, May 28th. The stock was 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 directly owned 18,039,644 shares in the company, valued at $79,374,433.60. The trade was a 39.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 20.60% of the stock is currently owned by corporate insiders.

About Taboola.com

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.