Ritholtz Wealth Management Takes Position in Taboola.com Ltd. $TBLA

Ritholtz Wealth Management acquired a new stake in Taboola.com Ltd. (NASDAQ:TBLA) in the first quarter, HoldingsChannel reports. The firm acquired 234,015 shares of the company’s stock, valued at approximately $725,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC increased its position in Taboola.com by 31.5% in the 1st quarter. SG Americas Securities LLC now owns 23,125 shares of the company’s stock valued at $72,000 after acquiring an additional 5,546 shares during the period. LPL Financial LLC lifted its holdings in shares of Taboola.com by 25.8% during the fourth quarter. LPL Financial LLC now owns 28,308 shares of the company’s stock worth $130,000 after purchasing an additional 5,814 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Taboola.com by 20.1% in the third quarter. Russell Investments Group Ltd. now owns 50,827 shares of the company’s stock worth $176,000 after purchasing an additional 8,500 shares during the last quarter. CWM LLC grew its stake in shares of Taboola.com by 25.5% in the fourth quarter. CWM LLC now owns 42,061 shares of the company’s stock worth $194,000 after purchasing an additional 8,558 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Taboola.com by 16.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 63,574 shares of the company’s stock valued at $273,000 after purchasing an additional 8,886 shares during the period. 42.89% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on TBLA. Zacks Research downgraded Taboola.com from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Wall Street Zen raised Taboola.com from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Benchmark upped their target price on Taboola.com from $4.50 to $6.50 and gave the company a “buy” rating in a report on Thursday, May 7th. Needham & Company LLC increased 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. Finally, TD Cowen raised their price target on shares of Taboola.com from $4.00 to $6.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Taboola.com presently has a consensus rating of “Moderate Buy” and an average target price of $5.90.

Insider Activity at Taboola.com

In related news, major shareholder Apollo Management Holdings Gp, sold 12,000,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $4.40, for a total value 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. The trade was a 39.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 20.60% of the stock is currently owned by corporate insiders.

Taboola.com Stock Up 4.6%

Taboola.com stock opened at $4.98 on Tuesday. The company has a market capitalization of $1.21 billion, a PE ratio of 13.11 and a beta of 1.50. Taboola.com Ltd. has a 12-month low of $2.84 and a 12-month high of $5.26. The firm’s fifty day moving average is $4.62 and its 200 day moving average is $4.00. 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 (NASDAQ:TBLA) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.21. Taboola.com had a net margin of 5.64% and a return on equity of 10.72%. The firm had revenue of $466.39 million during the quarter, compared to the consensus estimate of $453.30 million. During the same period in the previous year, the firm posted ($0.03) earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. As a group, sell-side analysts predict that Taboola.com Ltd. will post 0.41 EPS for the current fiscal year.

Taboola.com Company 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.