Marshall Wace LLP Decreases Stock Holdings in Taboola.com Ltd. (NASDAQ:TBLA)

Marshall Wace LLP lowered its position in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 17.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,348,015 shares of the company’s stock after selling 276,590 shares during the period. Marshall Wace LLP owned about 0.46% of Taboola.com worth $4,637,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bayesian Capital Management LP purchased a new stake in shares of Taboola.com during the first quarter worth about $61,000. EverSource Wealth Advisors LLC bought a new position in Taboola.com during the 2nd quarter valued at approximately $69,000. Bailard Inc. purchased a new stake in Taboola.com in the 2nd quarter worth approximately $102,000. XTX Topco Ltd grew its position in shares of Taboola.com by 104.3% in the 2nd quarter. XTX Topco Ltd now owns 30,170 shares of the company’s stock worth $104,000 after buying an additional 15,401 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC increased its stake in shares of Taboola.com by 35.6% during the first quarter. Counterpoint Mutual Funds LLC now owns 30,798 shares of the company’s stock valued at $137,000 after buying an additional 8,079 shares during the period. Institutional investors own 42.89% of the company’s stock.

Insider Buying and Selling at Taboola.com

In other news, Director Lynda M. Clarizio sold 29,606 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $3.61, for a total value of $106,877.66. Following the sale, the director now directly owns 176,158 shares of the company’s stock, valued at approximately $635,930.38. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 22.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TBLA. Needham & Company LLC reaffirmed a “buy” rating and issued a $5.00 price target on shares of Taboola.com in a research note on Tuesday, September 24th. Benchmark reaffirmed a “buy” rating and issued a $6.00 target price on shares of Taboola.com in a research report on Tuesday, August 6th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $5.56.

Taboola.com Price Performance

Shares of TBLA stock opened at $3.19 on Wednesday. The business’s fifty day moving average is $3.28 and its 200 day moving average is $3.71. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The stock has a market cap of $927.44 million, a price-to-earnings ratio of -13.87 and a beta of 1.29. Taboola.com Ltd. has a twelve month low of $2.87 and a twelve month high of $5.00.

Taboola.com (NASDAQ:TBLA) last released its earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. Taboola.com had a negative net margin of 3.07% and a negative return on equity of 1.57%. The firm had revenue of $428.00 million for the quarter, compared to the consensus estimate of $428.67 million. During the same period in the prior year, the firm earned ($0.05) EPS. The company’s revenue was up 28.9% compared to the same quarter last year. Research analysts expect 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.