Barclays PLC Buys 33,668 Shares of Taboola.com Ltd. (NASDAQ:TBLA)

Barclays PLC increased its stake in Taboola.com Ltd. (NASDAQ:TBLA) by 1,218.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,431 shares of the company’s stock after purchasing an additional 33,668 shares during the period. Barclays PLC’s holdings in Taboola.com were worth $122,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. nVerses Capital LLC raised its position in Taboola.com by 74.5% in the 3rd quarter. nVerses Capital LLC now owns 9,600 shares of the company’s stock worth $32,000 after purchasing an additional 4,100 shares during the last quarter. Meitav Investment House Ltd. lifted its stake in shares of Taboola.com by 11.3% during the third quarter. Meitav Investment House Ltd. now owns 69,000 shares of the company’s stock valued at $242,000 after acquiring an additional 7,000 shares during the period. Arizona State Retirement System lifted its stake 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 valued at $156,000 after acquiring an additional 8,262 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Taboola.com during the second quarter valued at $47,000. Finally, XTX Topco Ltd lifted its stake in shares of Taboola.com by 104.3% during the second quarter. XTX Topco Ltd now owns 30,170 shares of the company’s stock valued at $104,000 after acquiring an additional 15,401 shares during the period. Institutional investors own 42.89% of the company’s stock.

Insider Buying and Selling at Taboola.com

In other Taboola.com news, Director Richard T. Scanlon sold 250,000 shares of the 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. This represents a 77.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 22.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 price target 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 note on Monday, October 7th. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $5.31.

Taboola.com Trading Down 2.4 %

NASDAQ:TBLA opened at $3.64 on Thursday. Taboola.com Ltd. has a 1-year low of $2.87 and a 1-year high of $5.00. The business’s 50-day moving average price is $3.65 and its two-hundred day moving average price is $3.45. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -36.40 and a beta of 1.26.

Taboola.com (NASDAQ:TBLA) last released its earnings results 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 net margin of 1.96% and a negative return on equity of 1.68%. The company had revenue of $433.10 million during the quarter, compared to analyst estimates of $429.43 million. During the same period in the previous year, the company posted ($0.02) EPS.

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.