Verition Fund Management LLC Invests $126,000 in Taboola.com Ltd. (NASDAQ:TBLA)

Verition Fund Management LLC bought a new stake in shares of Taboola.com Ltd. (NASDAQ:TBLA) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 37,434 shares of the company’s stock, valued at approximately $126,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quantbot Technologies LP bought a new stake in shares of Taboola.com in the 3rd quarter worth approximately $116,000. Algert Global LLC boosted its holdings in Taboola.com by 10.3% in the third quarter. Algert Global LLC now owns 327,151 shares of the company’s stock valued at $1,099,000 after acquiring an additional 30,597 shares in the last quarter. Empowered Funds LLC bought a new stake in Taboola.com in the third quarter valued at $337,000. Intellectus Partners LLC increased its position in Taboola.com by 4.5% during the 3rd quarter. Intellectus Partners LLC now owns 367,668 shares of the company’s stock valued at $1,235,000 after purchasing an additional 16,000 shares during the period. Finally, Aigen Investment Management LP bought a new position in Taboola.com in the 3rd quarter worth $63,000. 42.89% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Richard T. Scanlon sold 250,000 shares of Taboola.com stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $3.16, for a total value of $790,000.00. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 22.40% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Taboola.com Trading Up 1.0 %

TBLA stock opened at $4.05 on Tuesday. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of -40.50 and a beta of 1.29. 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 business has a 50 day simple moving average of $3.56 and a two-hundred day simple moving average of $3.43.

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 return on equity of 1.68% and a negative net margin of 1.96%. The firm had revenue of $433.10 million during the quarter, compared to the consensus estimate of $429.43 million. During the same period last year, the firm posted ($0.02) earnings per share.

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.