Tidal Investments LLC Raises Stake in Taboola.com Ltd. (NASDAQ:TBLA)

Tidal Investments LLC raised its holdings in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 4.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 183,856 shares of the company’s stock after acquiring an additional 8,127 shares during the period. Tidal Investments LLC’s holdings in Taboola.com were worth $618,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Acadian Asset Management LLC boosted its stake in shares of Taboola.com by 181.2% in the 2nd quarter. Acadian Asset Management LLC now owns 1,888,614 shares of the company’s stock valued at $6,489,000 after purchasing an additional 1,216,902 shares in the last quarter. Millennium Management LLC lifted its stake in Taboola.com by 32.3% in the second quarter. Millennium Management LLC now owns 1,339,987 shares of the company’s stock worth $4,610,000 after purchasing an additional 327,518 shares during the last quarter. Yarra Square Partners LP boosted its position in Taboola.com by 6.1% during the second quarter. Yarra Square Partners LP now owns 1,113,858 shares of the company’s stock valued at $3,832,000 after buying an additional 64,373 shares during the period. GSA Capital Partners LLP grew its stake in shares of Taboola.com by 11.6% during the third quarter. GSA Capital Partners LLP now owns 814,598 shares of the company’s stock valued at $2,737,000 after buying an additional 84,382 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Taboola.com by 4.2% in the second quarter. Renaissance Technologies LLC now owns 764,500 shares of the company’s stock worth $2,630,000 after buying an additional 30,500 shares during the period. 42.89% of the stock is owned by hedge funds and other institutional investors.

Taboola.com Stock Performance

Shares of NASDAQ:TBLA opened at $3.84 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.14. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -38.40 and a beta of 1.29. Taboola.com Ltd. has a 12 month low of $2.87 and a 12 month high of $5.00. The company has a 50-day moving average price of $3.61 and a 200-day moving average price of $3.44.

Taboola.com (NASDAQ:TBLA) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04). The business had revenue of $433.10 million during the quarter, compared to analysts’ expectations of $429.43 million. Taboola.com had a negative return on equity of 1.68% and a negative net margin of 1.96%. During the same quarter last year, the business posted ($0.02) EPS.

Analyst Ratings Changes

TBLA has been the subject of several analyst reports. Benchmark restated a “buy” rating and set a $5.00 target price on shares of Taboola.com in a report on Monday, October 7th. Needham & Company LLC reissued a “buy” rating and set a $5.00 price objective on shares of Taboola.com in a research note on Wednesday. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $5.31.

Insider Buying and Selling

In related news, Director Richard T. Scanlon sold 250,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $3.16, for a total transaction of $790,000.00. Following the transaction, the director now owns 70,642 shares in the company, valued at $223,228.72. The trade was a 77.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.40% of the stock is currently owned by insiders.

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.