Globeflex Capital L P Takes $9.55 Million Position in Taboola.com Ltd. $TBLA

Globeflex Capital L P purchased a new stake in Taboola.com Ltd. (NASDAQ:TBLA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,910,929 shares of the company’s stock, valued at approximately $9,555,000. Taboola.com comprises about 1.2% of Globeflex Capital L P’s investment portfolio, making the stock its 16th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Baird Financial Group Inc. purchased a new stake in Taboola.com in the 1st quarter valued at $59,000. AQR Capital Management LLC raised its holdings in shares of Taboola.com by 60.6% during the 1st quarter. AQR Capital Management LLC now owns 998,731 shares of the company’s stock worth $2,946,000 after acquiring an additional 376,684 shares during the period. Empowered Funds LLC raised its holdings in shares of Taboola.com by 41.1% during the 1st quarter. Empowered Funds LLC now owns 722,984 shares of the company’s stock worth $2,133,000 after acquiring an additional 210,562 shares during the period. Creative Planning acquired a new position in shares of Taboola.com during the 2nd quarter valued at about $154,000. Finally, American Century Companies Inc. boosted its position in shares of Taboola.com by 22.3% during the 2nd quarter. American Century Companies Inc. now owns 420,732 shares of the company’s stock valued at $1,540,000 after acquiring an additional 76,640 shares during the last quarter. Hedge funds and other institutional investors own 42.89% of the company’s stock.

Insider Activity

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 shares were sold at an average price of $4.40, for a total value of $52,800,000.00. Following the sale, the insider directly owned 18,039,644 shares in the company, valued at approximately $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 is accessible through this link. Insiders own 20.60% of the company’s stock.

Taboola.com Stock Performance

Shares of Taboola.com stock opened at $3.74 on Monday. Taboola.com Ltd. has a 52 week low of $2.84 and a 52 week high of $5.71. The business’s fifty day simple moving average is $4.78 and its 200-day simple moving average is $4.16. The firm has a market cap of $942.93 million, a PE ratio of 9.35 and a beta of 1.50. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.08.

Analyst Upgrades and Downgrades

TBLA has been the subject of a number of analyst reports. TD Cowen dropped their price objective on shares of Taboola.com from $6.00 to $5.00 and set a “buy” rating for the company in a report on Monday, August 10th. Wall Street Zen lowered shares of Taboola.com from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research cut shares of Taboola.com from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Rosenblatt Securities reissued a “buy” rating and issued a $7.00 price target on shares of Taboola.com in a research note on Thursday, August 6th. Finally, Benchmark cut their price target on shares of Taboola.com from $6.50 to $5.50 and set a “buy” rating for the company in a report on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Taboola.com currently has an average rating of “Moderate Buy” and an average price target of $5.75.

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.