Centiva Capital LP Sells 31,154 Shares of Taboola.com Ltd. (NASDAQ:TBLA)

Centiva Capital LP reduced its stake in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 59.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,514 shares of the company’s stock after selling 31,154 shares during the quarter. Centiva Capital LP’s holdings in Taboola.com were worth $72,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Millennium Management LLC lifted its position in shares of Taboola.com by 32.3% during the second quarter. Millennium Management LLC now owns 1,339,987 shares of the company’s stock valued at $4,610,000 after buying an additional 327,518 shares during the last quarter. Algert Global LLC bought a new position in shares of Taboola.com during the 2nd quarter worth approximately $1,020,000. Tredje AP fonden purchased a new stake in Taboola.com during the second quarter valued at approximately $1,376,000. Vanguard Group Inc. boosted its stake in Taboola.com by 2.7% in the first quarter. Vanguard Group Inc. now owns 660,112 shares of the company’s stock valued at $2,931,000 after acquiring an additional 17,216 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD purchased a new position in Taboola.com in the first quarter worth $271,000. Institutional investors own 42.89% of the company’s stock.

Taboola.com Price Performance

Shares of TBLA opened at $4.01 on Friday. The firm has a market capitalization of $1.17 billion, a PE ratio of -40.10 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 company’s fifty day moving average price is $3.54 and its 200-day moving average price is $3.44. Taboola.com Ltd. has a 1-year low of $2.87 and a 1-year high of $5.00.

Taboola.com (NASDAQ:TBLA) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $433.10 million during the quarter, compared to analyst estimates of $429.43 million. During the same period in the prior year, the company posted ($0.02) earnings per share.

Analyst Ratings Changes

Several brokerages have recently commented on TBLA. Needham & Company LLC reiterated a “buy” rating and set a $5.00 price objective on shares of Taboola.com in a report on Friday, November 8th. Benchmark reaffirmed a “buy” rating and set a $5.00 target price on shares of Taboola.com in a research report on Monday, October 7th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Taboola.com presently has a consensus rating of “Buy” and a consensus target price of $5.31.

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 transaction of $790,000.00. Following the sale, the director now directly owns 70,642 shares of the company’s stock, valued at approximately $223,228.72. This trade represents a 77.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 22.40% of the company’s stock.

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.