UBS Group AG Acquires 260,996 Shares of Taboola.com Ltd. $TBLA

UBS Group AG raised its holdings in Taboola.com Ltd. (NASDAQ:TBLA) by 38.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 948,096 shares of the company’s stock after buying an additional 260,996 shares during the period. UBS Group AG owned about 0.33% of Taboola.com worth $4,371,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Headlands Technologies LLC bought a new position in shares of Taboola.com in the second quarter valued at $43,000. Quarry LP purchased a new stake in shares of Taboola.com in the third quarter valued at about $42,000. Captrust Financial Advisors purchased a new stake in shares of Taboola.com in the second quarter valued at about $46,000. Baron Wealth Management LLC purchased a new stake in shares of Taboola.com in the fourth quarter valued at about $67,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of Taboola.com in the third quarter valued at about $54,000. 42.89% of the stock is owned by institutional investors.

Taboola.com Stock Performance

NASDAQ TBLA opened at $4.92 on Friday. Taboola.com Ltd. has a 52-week low of $2.84 and a 52-week high of $5.26. The company has a 50-day simple moving average of $3.81 and a 200 day simple moving average of $3.86. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $1.20 billion, a PE ratio of 12.95 and a beta of 1.43.

Taboola.com (NASDAQ:TBLA) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.21. Taboola.com had a net margin of 5.64% and a return on equity of 10.72%. The business had revenue of $466.40 million during the quarter, compared to the consensus estimate of $453.30 million. During the same quarter last year, the company posted ($0.03) earnings per share. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, research analysts predict that Taboola.com Ltd. will post 0.41 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TBLA shares. Zacks Research downgraded shares of Taboola.com from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Needham & Company LLC increased their target price on shares of Taboola.com from $4.50 to $5.50 and gave the company a “buy” rating in a report on Thursday, May 7th. Wall Street Zen upgraded shares of Taboola.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Taboola.com in a report on Tuesday, April 21st. Finally, TD Cowen raised their price objective on shares of Taboola.com from $4.00 to $6.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $5.90.

Taboola.com Company Profile

Taboola.com (NASDAQ: TBLA) operates a leading content discovery platform that connects advertisers with premium publishers through native advertising and personalized recommendations. The company’s technology analyzes user behavior and contextual information to deliver promoted content, video, and product recommendations to audiences across a network of thousands of websites and mobile apps. By leveraging machine learning and big data, Taboola helps publishers generate incremental revenue while enabling advertisers to reach engaged users at scale.

Taboola’s suite of products includes feed placements, video recommendations, and sponsored content units designed to blend seamlessly with editorial pages.