Eldad Maniv Sells 20,083 Shares of Taboola.com Ltd. (NASDAQ:TBLA) Stock

Taboola.com Ltd. (NASDAQ:TBLA) COO Eldad Maniv sold 20,083 shares of the business’s stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $3.75, for a total value of $75,311.25. Following the completion of the transaction, the chief operating officer now directly owns 10,872,377 shares in the company, valued at approximately $40,771,413.75. This represents a 0.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Taboola.com Stock Down 3.6%

TBLA stock opened at $3.52 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a market capitalization of $1.13 billion, a P/E ratio of 88.02 and a beta of 1.29. The business has a 50-day moving average of $3.31 and a 200-day moving average of $3.41. Taboola.com Ltd. has a fifty-two week low of $2.50 and a fifty-two week high of $4.30.

Taboola.com declared that its Board of Directors has approved a stock repurchase plan on Wednesday, February 26th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to purchase up to 22.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

TBLA has been the topic of a number of recent analyst reports. Oppenheimer reissued a “market perform” rating on shares of Taboola.com in a research note on Wednesday, February 26th. B. Riley raised Taboola.com from a “neutral” rating to a “buy” rating and set a $4.00 price target on the stock in a research note on Thursday, May 8th. Citizens Jmp lowered Taboola.com from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 27th. Needham & Company LLC upped their price target on Taboola.com from $3.34 to $4.50 and gave the company a “buy” rating in a research note on Tuesday. Finally, Benchmark cut their price target on Taboola.com from $4.50 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $4.38.

Institutional Trading of Taboola.com

A number of hedge funds have recently made changes to their positions in TBLA. Bridgeway Capital Management LLC lifted its position in shares of Taboola.com by 1,257.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 1,362,422 shares of the company’s stock valued at $4,973,000 after buying an additional 1,262,042 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Taboola.com by 6.1% in the fourth quarter. Wellington Management Group LLP now owns 19,205,915 shares of the company’s stock valued at $70,102,000 after buying an additional 1,109,602 shares during the last quarter. Millennium Management LLC lifted its position in shares of Taboola.com by 42.9% in the fourth quarter. Millennium Management LLC now owns 2,217,442 shares of the company’s stock valued at $8,094,000 after buying an additional 665,944 shares during the last quarter. Yelin Lapidot Holdings Management Ltd. acquired a new stake in shares of Taboola.com in the fourth quarter valued at approximately $1,724,000. Finally, Renaissance Technologies LLC increased its stake in shares of Taboola.com by 40.2% during the fourth quarter. Renaissance Technologies LLC now owns 1,546,300 shares of the company’s stock worth $5,644,000 after purchasing an additional 443,700 shares during the period. 42.89% of the stock is owned by institutional investors and hedge funds.

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.