RBF Capital LLC Trims Stock Position in Taboola.com Ltd. $TBLA

RBF Capital LLC lowered its holdings in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 28.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 250,000 shares of the company’s stock after selling 100,500 shares during the quarter. RBF Capital LLC owned approximately 0.09% of Taboola.com worth $1,152,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TBLA. Two Sigma Investments LP increased its position in shares of Taboola.com by 114.6% during the 3rd quarter. Two Sigma Investments LP now owns 2,005,558 shares of the company’s stock valued at $6,839,000 after purchasing an additional 1,070,864 shares during the last quarter. Walleye Capital LLC purchased a new stake in shares of Taboola.com during the 4th quarter valued at about $4,414,000. Marshall Wace LLP purchased a new stake in shares of Taboola.com during the 4th quarter valued at about $4,008,000. HRT Financial LP purchased a new stake in shares of Taboola.com during the 4th quarter valued at about $3,196,000. Finally, Globeflex Capital L P increased its position 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 valued at $7,555,000 after purchasing an additional 645,755 shares during the last quarter. Hedge funds and other institutional investors own 42.89% of the company’s stock.

Taboola.com Trading Up 2.0%

Shares of TBLA opened at $5.04 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.13 and a quick ratio of 1.13. Taboola.com Ltd. has a 1 year low of $2.84 and a 1 year high of $5.26. The company has a 50 day simple moving average of $4.39 and a two-hundred day simple moving average of $3.96. The firm has a market cap of $1.23 billion, a P/E ratio of 13.26 and a beta of 1.51.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.21. Taboola.com had a net margin of 5.64% and a return on equity of 10.72%. The business had revenue of $466.40 million during the quarter, compared to analyst estimates of $453.30 million. During the same period last year, the firm posted ($0.03) EPS. The company’s revenue was up 9.1% on a year-over-year basis. On average, equities analysts expect that Taboola.com Ltd. will post 0.41 earnings per share for the current fiscal year.

Insider Transactions at Taboola.com

In other Taboola.com news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of the stock in a transaction that occurred 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 directly owned 18,039,644 shares of the company’s stock, valued at $79,374,433.60. This trade represents a 39.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 20.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Taboola.com in a research report on Tuesday, April 21st. 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. Rosenblatt Securities upped their price target on shares of Taboola.com from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Wall Street Zen raised shares of Taboola.com from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, Zacks Research lowered shares of Taboola.com from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Taboola.com currently has an average rating of “Moderate Buy” and a consensus price target of $5.90.

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.