AQR Capital Management LLC Purchases 28,161 Shares of Taboola.com Ltd. (NASDAQ:TBLA)

AQR Capital Management LLC grew its position in Taboola.com Ltd. (NASDAQ:TBLA) by 11.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 271,401 shares of the company’s stock after purchasing an additional 28,161 shares during the quarter. AQR Capital Management LLC owned approximately 0.09% of Taboola.com worth $934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Bayesian Capital Management LP bought a new stake in Taboola.com during the 1st quarter valued at approximately $61,000. EverSource Wealth Advisors LLC purchased a new position in shares of Taboola.com in the second quarter worth $69,000. Bailard Inc. bought a new position in shares of Taboola.com during the second quarter worth $102,000. XTX Topco Ltd grew its stake in 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 in the last quarter. Finally, Counterpoint Mutual Funds LLC increased its holdings in Taboola.com by 35.6% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 30,798 shares of the company’s stock valued at $137,000 after acquiring an additional 8,079 shares during the last quarter. 42.89% of the stock is owned by hedge funds and other institutional investors.

Taboola.com Stock Performance

Shares of NASDAQ:TBLA opened at $3.34 on Friday. The firm has a fifty day simple moving average of $3.26 and a two-hundred day simple moving average of $3.65. Taboola.com Ltd. has a 52 week low of $2.87 and a 52 week high of $5.00. 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 capitalization of $971.05 million, a P/E ratio of -14.52 and a beta of 1.29.

Taboola.com (NASDAQ:TBLA) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.04. Taboola.com had a negative return on equity of 1.57% and a negative net margin of 3.07%. The company had revenue of $428.00 million during the quarter, compared to analyst estimates of $428.67 million. During the same quarter last year, the business posted ($0.05) earnings per share. The firm’s revenue was up 28.9% on a year-over-year basis. On average, analysts expect that Taboola.com Ltd. will post 0.03 earnings per share for the current fiscal year.

Insider Transactions at Taboola.com

In related news, Director Lynda M. Clarizio sold 29,606 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $3.61, for a total transaction of $106,877.66. Following the sale, the director now owns 176,158 shares in the company, valued at approximately $635,930.38. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 22.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $5.00 price objective on shares of Taboola.com in a report on Thursday. Benchmark reissued 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 data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average 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.