40,418 Shares in Taboola.com Ltd. (NASDAQ:TBLA) Purchased by Saxon Interests Inc.

Saxon Interests Inc. acquired a new position in shares of Taboola.com Ltd. (NASDAQ:TBLA) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 40,418 shares of the company’s stock, valued at approximately $179,000.

A number of other hedge funds have also modified their holdings of TBLA. Counterpoint Mutual Funds LLC bought a new position in shares of Taboola.com during the 4th quarter worth approximately $98,000. Harbor Capital Advisors Inc. boosted its stake in shares of Taboola.com by 10.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 28,326 shares of the company’s stock worth $123,000 after acquiring an additional 2,726 shares during the period. Arizona State Retirement System bought a new position in shares of Taboola.com during the 4th quarter worth approximately $164,000. Acadian Asset Management LLC bought a new position in shares of Taboola.com during the 3rd quarter worth approximately $185,000. Finally, Meitav Investment House Ltd. bought a new position in shares of Taboola.com during the 4th quarter worth approximately $242,000. 42.89% of the stock is currently owned by institutional investors.

Taboola.com Price Performance

Shares of NASDAQ TBLA opened at $3.45 on Wednesday. The stock has a market capitalization of $1.00 billion, a PE ratio of -15.00 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. The business has a fifty day moving average price of $3.95 and a two-hundred day moving average price of $4.22. Taboola.com Ltd. has a fifty-two week low of $3.04 and a fifty-two week high of $5.00.

Taboola.com (NASDAQ:TBLA) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.01. Taboola.com had a negative return on equity of 2.64% and a negative net margin of 5.04%. The company had revenue of $414.01 million for the quarter, compared to analyst estimates of $401.73 million. As a group, equities analysts predict that Taboola.com Ltd. will post 0.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TBLA has been the subject of several research reports. Needham & Company LLC reissued a “buy” rating and set a $6.00 price target on shares of Taboola.com in a report on Monday, May 20th. B. Riley reissued a “buy” rating and set a $5.25 price target on shares of Taboola.com in a report on Wednesday, April 24th. Finally, Benchmark reissued a “buy” rating and set a $6.00 price target on shares of Taboola.com in a report on Monday, May 6th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $5.79.

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.