State Street Corp Buys 16,055 Shares of Taboola.com Ltd. (NASDAQ:TBLA)

State Street Corp boosted its stake in Taboola.com Ltd. (NASDAQ:TBLA) by 5.5% in the third quarter, HoldingsChannel reports. The firm owned 305,350 shares of the company’s stock after acquiring an additional 16,055 shares during the period. State Street Corp’s holdings in Taboola.com were worth $1,026,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TBLA. nVerses Capital LLC increased its stake in shares of Taboola.com by 74.5% in 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 last quarter. Van ECK Associates Corp increased its stake in Taboola.com by 8.5% in the second quarter. Van ECK Associates Corp now owns 71,035 shares of the company’s stock valued at $244,000 after purchasing an additional 5,535 shares in the last quarter. Meitav Investment House Ltd. raised its holdings in Taboola.com by 11.3% in the third quarter. Meitav Investment House Ltd. now owns 69,000 shares of the company’s stock worth $242,000 after purchasing an additional 7,000 shares during the period. Arizona State Retirement System boosted its position in shares of Taboola.com by 22.2% during the second quarter. Arizona State Retirement System now owns 45,493 shares of the company’s stock worth $156,000 after purchasing an additional 8,262 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Taboola.com by 40.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,877 shares of the company’s stock valued at $154,000 after buying an additional 12,869 shares during the period. Institutional investors and hedge funds own 42.89% of the company’s stock.

Insider Transactions at Taboola.com

In related news, Director Richard T. Scanlon sold 250,000 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $3.16, for a total transaction of $790,000.00. Following the completion of the transaction, the director now owns 70,642 shares in the company, valued at approximately $223,228.72. This represents a 77.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 22.40% of the company’s stock.

Taboola.com Trading Up 2.2 %

TBLA opened at $3.73 on Friday. The firm’s fifty day simple moving average is $3.63 and its 200 day simple moving average is $3.44. The stock has a market capitalization of $1.09 billion, a P/E ratio of -37.30 and a beta of 1.29. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14. Taboola.com Ltd. has a 12 month low of $2.87 and a 12 month high of $5.00.

Taboola.com (NASDAQ:TBLA) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.02) earnings per share 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 for the quarter, compared to analyst estimates of $429.43 million. During the same period in the prior year, the company earned ($0.02) earnings per share.

Analyst Ratings Changes

Several analysts recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 price objective on shares of Taboola.com in a research note on Wednesday, December 18th. Benchmark reaffirmed a “buy” rating and set a $5.00 price target on shares of Taboola.com in a research report on Monday, October 7th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Taboola.com currently has an average rating of “Buy” and a consensus target price of $5.31.

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.