Taboola.com Ltd. (NASDAQ:TBLA) Shares Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. raised its position in Taboola.com Ltd. (NASDAQ:TBLA) by 8.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 60,701 shares of the company’s stock after acquiring an additional 4,478 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Taboola.com were worth $270,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in TBLA. Wellington Management Group LLP increased its stake in shares of Taboola.com by 0.7% in the third quarter. Wellington Management Group LLP now owns 12,908,230 shares of the company’s stock valued at $48,922,000 after purchasing an additional 85,371 shares during the period. Citigroup Inc. increased its stake in shares of Taboola.com by 8.0% in the third quarter. Citigroup Inc. now owns 123,134 shares of the company’s stock valued at $467,000 after purchasing an additional 9,138 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of Taboola.com by 10.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 28,326 shares of the company’s stock valued at $123,000 after acquiring an additional 2,726 shares during the period. Arizona State Retirement System acquired a new position in shares of Taboola.com during the fourth quarter valued at approximately $164,000. Finally, Meitav Investment House Ltd. acquired a new position in shares of Taboola.com during the fourth quarter valued at approximately $242,000. Institutional investors and hedge funds own 42.89% of the company’s stock.

Taboola.com Trading Up 0.6 %

Shares of NASDAQ:TBLA opened at $3.47 on Friday. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -15.09 and a beta of 1.29. Taboola.com Ltd. has a 1-year low of $3.04 and a 1-year high of $5.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.31. The company has a 50 day moving average price of $3.92 and a 200 day moving average price of $4.21.

Taboola.com (NASDAQ:TBLA) last issued its earnings results on Wednesday, May 8th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. The firm had revenue of $414.01 million during the quarter, compared to analysts’ expectations of $401.73 million. Taboola.com had a negative net margin of 5.04% and a negative return on equity of 2.64%. On average, research analysts anticipate that Taboola.com Ltd. will post 0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on TBLA shares. Needham & Company LLC reiterated a “buy” rating and set a $6.00 price objective on shares of Taboola.com in a research note on Monday, May 20th. B. Riley reiterated a “buy” rating and set a $5.25 price objective on shares of Taboola.com in a research note on Wednesday, April 24th. Finally, Benchmark reiterated a “buy” rating and set a $6.00 price objective on shares of Taboola.com in a research note on Monday, May 6th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $5.79.

About Taboola.com

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.