Acadian Asset Management LLC Purchases 1,216,902 Shares of Taboola.com Ltd. (NASDAQ:TBLA)

Acadian Asset Management LLC raised its holdings in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 181.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,888,614 shares of the company’s stock after acquiring an additional 1,216,902 shares during the quarter. Acadian Asset Management LLC owned approximately 0.65% of Taboola.com worth $6,489,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TBLA. Yarra Square Partners LP raised its stake in Taboola.com by 12.1% during the 4th quarter. Yarra Square Partners LP now owns 984,485 shares of the company’s stock valued at $4,263,000 after purchasing an additional 106,485 shares during the period. GSA Capital Partners LLP increased its stake in Taboola.com by 292.4% in the 4th quarter. GSA Capital Partners LLP now owns 657,758 shares of the company’s stock worth $2,848,000 after acquiring an additional 490,149 shares during the last quarter. Wellington Management Group LLP increased its position in Taboola.com by 22.2% in the fourth quarter. Wellington Management Group LLP now owns 15,767,681 shares of the company’s stock worth $68,274,000 after purchasing an additional 2,859,451 shares during the last quarter. Counterpoint Mutual Funds LLC increased 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 buying an additional 8,079 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its position in Taboola.com by 8.0% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 60,701 shares of the company’s stock valued at $270,000 after purchasing an additional 4,478 shares during the period. 42.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on TBLA. Benchmark reiterated a “buy” rating and issued a $6.00 price target on shares of Taboola.com in a report on Tuesday, August 6th. Needham & Company LLC restated a “buy” rating and issued a $5.00 target price on shares of Taboola.com in a research note on Thursday, August 8th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $5.56.

Insider Buying and Selling at Taboola.com

In related news, Director Lynda M. Clarizio sold 29,606 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $3.61, for a total transaction of $106,877.66. Following the completion of the sale, the director now directly owns 176,158 shares in the company, valued at approximately $635,930.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 22.40% of the company’s stock.

Taboola.com Stock Up 0.9 %

NASDAQ:TBLA opened at $3.22 on Thursday. 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 1-year low of $2.87 and a 1-year high of $5.00. The company has a 50-day moving average of $3.30 and a 200 day moving average of $3.83. The firm has a market cap of $936.16 million, a PE ratio of -14.00 and a beta of 1.29.

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