Taboola.com Ltd. (NASDAQ:TBLA) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lessened its stake in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 22.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 200,530 shares of the company’s stock after selling 57,970 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Taboola.com were worth $690,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bayesian Capital Management LP purchased a new stake in Taboola.com during the 1st quarter worth about $61,000. Bailard Inc. purchased a new position in shares of Taboola.com in the 2nd quarter valued at approximately $102,000. Counterpoint Mutual Funds LLC lifted its position in Taboola.com by 35.6% in the first quarter. Counterpoint Mutual Funds LLC now owns 30,798 shares of the company’s stock valued at $137,000 after purchasing an additional 8,079 shares during the period. Schnieders Capital Management LLC purchased a new position in shares of Taboola.com in the 1st quarter valued at about $163,000. Finally, Saxon Interests Inc. acquired a new stake in shares of Taboola.com in the 1st quarter worth approximately $179,000. Hedge funds and other institutional investors own 42.89% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TBLA shares. Benchmark reissued a “buy” rating and set a $6.00 price target on shares of Taboola.com in a research report on Tuesday, August 6th. Needham & Company LLC restated a “buy” rating and set a $5.00 price objective on shares of Taboola.com in a research note on Thursday, August 8th. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $5.56.

Insider Buying and Selling at Taboola.com

In other news, Director Lynda M. Clarizio sold 29,606 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $3.61, for a total value of $106,877.66. Following the transaction, the director now directly owns 176,158 shares in the company, valued at approximately $635,930.38. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 22.40% of the stock is owned by insiders.

Taboola.com Trading Up 2.2 %

NASDAQ TBLA opened at $3.26 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 1.31. Taboola.com Ltd. has a 12 month low of $2.87 and a 12 month high of $5.00. The company’s fifty day moving average price is $3.30 and its two-hundred day moving average price is $3.78. The company has a market capitalization of $947.79 million, a price-to-earnings ratio of -14.17 and a beta of 1.29.

Taboola.com (NASDAQ:TBLA) last released its earnings results on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. The company had revenue of $428.00 million for the quarter, compared to the consensus estimate of $428.67 million. Taboola.com had a negative return on equity of 1.57% and a negative net margin of 3.07%. Taboola.com’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.05) EPS. As a group, research analysts predict that Taboola.com Ltd. will post 0.03 earnings per share for the current fiscal year.

Taboola.com Company Profile

Taboola.com Ltd., together with its subsidiaries, operates an artificial intelligence-based algorithmic engine platform in Israel, the United States, the United Kingdom, Germany, and internationally. It offers Taboola, a platform that partners with websites, devices, and mobile apps to recommend editorial content and advertisements on the open web to users.