Meitav Investment House Ltd. Buys 50,000 Shares of Taboola.com Ltd. $TBLA

Meitav Investment House Ltd. raised its stake in Taboola.com Ltd. (NASDAQ:TBLA) by 66.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,500 shares of the company’s stock after purchasing an additional 50,000 shares during the period. Meitav Investment House Ltd.’s holdings in Taboola.com were worth $456,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. PFG Investments LLC bought a new stake in shares of Taboola.com in the second quarter valued at about $66,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Taboola.com by 34.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 55,590 shares of the company’s stock worth $205,000 after acquiring an additional 14,290 shares during the period. Pallas Capital Advisors LLC bought a new stake in shares of Taboola.com in the 2nd quarter worth approximately $41,000. Voya Investment Management LLC grew its holdings in shares of Taboola.com by 67.3% during the 1st quarter. Voya Investment Management LLC now owns 172,376 shares of the company’s stock worth $509,000 after purchasing an additional 69,322 shares in the last quarter. Finally, Acadian Asset Management LLC increased its position in shares of Taboola.com by 13.1% during the first quarter. Acadian Asset Management LLC now owns 2,875,922 shares of the company’s stock valued at $8,476,000 after purchasing an additional 332,660 shares during the period. Institutional investors own 42.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TBLA shares. Needham & Company LLC lifted their price target on shares of Taboola.com from $3.34 to $4.50 and gave the stock a “buy” rating in a research note on Tuesday, June 17th. Wall Street Zen lowered shares of Taboola.com from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. BTIG Research began coverage on shares of Taboola.com in a research report on Tuesday. They issued a “neutral” rating for the company. B. Riley raised their price target on shares of Taboola.com from $4.00 to $4.50 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Taboola.com in a report on Saturday, September 27th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $4.50.

Taboola.com Stock Performance

NASDAQ TBLA opened at $3.21 on Wednesday. Taboola.com Ltd. has a 1-year low of $2.50 and a 1-year high of $4.30. The company has a 50 day moving average of $3.36 and a 200-day moving average of $3.32. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.10. The firm has a market cap of $849.69 million, a price-to-earnings ratio of 80.25 and a beta of 1.27.

Insider Transactions at Taboola.com

In other Taboola.com news, Director Erez Shachar sold 27,000 shares of Taboola.com stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $3.38, for a total value of $91,260.00. Following the completion of the transaction, the director owned 218,827 shares in the company, valued at approximately $739,635.26. The trade was a 10.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 22.40% of the company’s stock.

Taboola.com 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.