82,932 Shares in Taboola.com Ltd. (NASDAQ:TBLA) Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Taboola.com Ltd. (NASDAQ:TBLA) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 82,932 shares of the company’s stock, valued at approximately $226,000.

Several other institutional investors have also recently made changes to their positions in the business. Acadian Asset Management LLC bought a new position in Taboola.com during the first quarter valued at approximately $36,000. Lazard Asset Management LLC bought a new position in Taboola.com during the first quarter valued at approximately $54,000. Quantbot Technologies LP bought a new position in Taboola.com during the first quarter valued at approximately $58,000. Dynamic Technology Lab Private Ltd bought a new position in Taboola.com during the first quarter valued at approximately $66,000. Finally, Grace & White Inc. NY bought a new position in Taboola.com during the first quarter valued at approximately $36,000. Hedge funds and other institutional investors own 42.77% of the company’s stock.

Taboola.com Price Performance

Shares of TBLA stock opened at $3.54 on Monday. The stock has a 50 day moving average price of $3.34 and a 200 day moving average price of $3.05. Taboola.com Ltd. has a 52-week low of $1.52 and a 52-week high of $4.45. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.55 and a current ratio of 1.55. The firm has a market capitalization of $1.23 billion, a P/E ratio of -16.09 and a beta of 1.58.

Wall Street Analyst Weigh In

TBLA has been the subject of a number of research reports. Credit Suisse Group increased their price target on Taboola.com from $5.50 to $5.70 and gave the company an “outperform” rating in a research note on Thursday, August 10th. B. Riley started coverage on Taboola.com in a research note on Thursday, June 22nd. They issued a “buy” rating and a $5.00 price objective for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $5.00 price objective on shares of Taboola.com in a research note on Thursday, August 10th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.77.

Insider Activity at Taboola.com

In related news, CTO Lior Golan sold 9,826 shares of the business’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $3.00, for a total transaction of $29,478.00. Following the completion of the transaction, the chief technology officer now owns 2,545,291 shares in the company, valued at approximately $7,635,873. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CTO Lior Golan sold 9,826 shares of the business’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $3.00, for a total transaction of $29,478.00. Following the completion of the transaction, the chief technology officer now owns 2,545,291 shares in the company, valued at approximately $7,635,873. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Stephen C. Walker bought 75,000 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were purchased at an average cost of $2.63 per share, with a total value of $197,250.00. Following the completion of the transaction, the chief financial officer now owns 1,125,980 shares in the company, valued at $2,961,327.40. The disclosure for this purchase can be found here. Insiders sold a total of 118,833 shares of company stock worth $380,652 in the last quarter. 23.49% of the stock is owned by company insiders.

About Taboola.com

Taboola.com Ltd., together with its subsidiaries, operates an artificial intelligence-based algorithmic engine platform in the United States, Israel, 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.