Centiva Capital LP Lowers Stock Position in Taboola.com Ltd. (NASDAQ:TBLA)

Centiva Capital LP lessened its position in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 59.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,514 shares of the company’s stock after selling 31,154 shares during the quarter. Centiva Capital LP’s holdings in Taboola.com were worth $72,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TBLA. nVerses Capital LLC grew its position in shares of Taboola.com by 74.5% during the 3rd quarter. nVerses Capital LLC now owns 9,600 shares of the company’s stock valued at $32,000 after acquiring an additional 4,100 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Taboola.com in the second quarter valued at approximately $47,000. Aigen Investment Management LP acquired a new position in shares of Taboola.com during the 3rd quarter worth approximately $63,000. EverSource Wealth Advisors LLC purchased a new position in shares of Taboola.com during the 2nd quarter valued at approximately $69,000. Finally, Bailard Inc. acquired a new stake in Taboola.com in the 2nd quarter valued at $102,000. Hedge funds and other institutional investors own 42.89% of the company’s stock.

Taboola.com Price Performance

Shares of NASDAQ TBLA opened at $4.01 on Friday. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of -40.10 and a beta of 1.29. Taboola.com Ltd. has a 52 week low of $2.87 and a 52 week high of $5.00. The firm has a 50-day simple moving average of $3.54 and a 200-day simple moving average of $3.44. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Taboola.com (NASDAQ:TBLA) last issued its earnings results on Thursday, November 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). Taboola.com had a negative net margin of 1.96% and a negative return on equity of 1.68%. The company had revenue of $433.10 million during the quarter, compared to analysts’ expectations of $429.43 million. During the same quarter in the previous year, the company earned ($0.02) earnings per share.

Analysts Set New Price Targets

A number of research firms have weighed in on TBLA. Benchmark restated a “buy” rating and set a $5.00 price objective on shares of Taboola.com in a research report on Monday, October 7th. Needham & Company LLC reiterated a “buy” rating and set a $5.00 price objective on shares of Taboola.com in a research note on Friday, November 8th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Taboola.com currently has a consensus rating of “Buy” and an average target price of $5.31.

Insider Activity at Taboola.com

In other Taboola.com news, Director Richard T. Scanlon sold 250,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $3.16, for a total value of $790,000.00. Following the transaction, the director now directly owns 70,642 shares in the company, valued at $223,228.72. The trade was a 77.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 22.40% of the stock is currently owned by insiders.

Taboola.com 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.