Taboola.com Ltd. (NASDAQ:TBLA) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp lifted its holdings in Taboola.com Ltd. (NASDAQ:TBLA) by 8.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,035 shares of the company’s stock after purchasing an additional 5,535 shares during the period. Van ECK Associates Corp’s holdings in Taboola.com were worth $244,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bayesian Capital Management LP acquired a new position in Taboola.com in the first quarter worth approximately $61,000. Bailard Inc. bought a new stake in shares of Taboola.com during the 2nd quarter worth $102,000. Counterpoint Mutual Funds LLC grew its holdings in shares of Taboola.com by 35.6% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 30,798 shares of the company’s stock worth $137,000 after acquiring an additional 8,079 shares during the last quarter. Schnieders Capital Management LLC acquired a new stake in shares of Taboola.com during the first quarter worth $163,000. Finally, Saxon Interests Inc. purchased a new stake in shares of Taboola.com during the first quarter valued at $179,000. 42.89% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Taboola.com Price Performance

Shares of TBLA opened at $3.20 on Tuesday. The business’s 50-day moving average is $3.31 and its 200-day moving average is $3.84. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market capitalization of $932.70 million, a price-to-earnings ratio of -13.91 and a beta of 1.29. Taboola.com Ltd. has a fifty-two week low of $2.87 and a fifty-two week high of $5.00.

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

Insider Activity at Taboola.com

In other Taboola.com news, Director Lynda M. Clarizio sold 29,606 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was 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 of the company’s stock, valued at approximately $635,930.38. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 22.40% of the company’s stock.

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.