Commonwealth Equity Services LLC Purchases 43,936 Shares of Taboola.com Ltd. (NASDAQ:TBLA)

Commonwealth Equity Services LLC boosted its position in shares of Taboola.com Ltd. (NASDAQ:TBLAFree Report) by 20.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 258,500 shares of the company’s stock after acquiring an additional 43,936 shares during the period. Commonwealth Equity Services LLC owned approximately 0.09% of Taboola.com worth $1,148,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TBLA. Wellington Management Group LLP increased its stake in Taboola.com by 22.2% during the fourth quarter. Wellington Management Group LLP now owns 15,767,681 shares of the company’s stock valued at $68,274,000 after acquiring an additional 2,859,451 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Taboola.com by 20.9% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 4,043,235 shares of the company’s stock valued at $17,507,000 after purchasing an additional 700,000 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in Taboola.com by 292.4% during the fourth quarter. GSA Capital Partners LLP now owns 657,758 shares of the company’s stock valued at $2,848,000 after purchasing an additional 490,149 shares in the last quarter. Checchi Capital Advisers LLC boosted its holdings in Taboola.com by 38.5% during the first quarter. Checchi Capital Advisers LLC now owns 1,069,944 shares of the company’s stock valued at $4,751,000 after purchasing an additional 297,411 shares in the last quarter. Finally, Yarra Square Partners LP boosted its holdings in Taboola.com by 12.1% during the fourth quarter. Yarra Square Partners LP now owns 984,485 shares of the company’s stock valued at $4,263,000 after purchasing an additional 106,485 shares in the last quarter. 42.89% of the stock is currently owned by institutional investors.

Taboola.com Stock Down 3.7 %

Shares of TBLA opened at $3.34 on Monday. The company has a market capitalization of $971.05 million, a P/E ratio of -14.52 and a beta of 1.29. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 1.31. Taboola.com Ltd. has a one year low of $3.04 and a one year high of $5.00. The business’s 50 day simple moving average is $3.91 and its 200-day simple moving average is $4.21.

Taboola.com (NASDAQ:TBLAGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.01. Taboola.com had a negative return on equity of 2.64% and a negative net margin of 5.04%. The business had revenue of $414.01 million for the quarter, compared to the consensus estimate of $401.73 million. As a group, sell-side analysts predict that Taboola.com Ltd. will post 0.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. B. Riley reaffirmed a “buy” rating and set a $5.25 price objective on shares of Taboola.com in a report on Wednesday, April 24th. Benchmark reaffirmed a “buy” rating and set a $6.00 price objective on shares of Taboola.com in a report on Monday, May 6th. Finally, Needham & Company LLC decreased their price objective on Taboola.com from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Friday. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Taboola.com presently has an average rating of “Buy” and an average target price of $5.59.

Get Our Latest Report on TBLA

Taboola.com Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Taboola.com (NASDAQ:TBLA)

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