18,654 Shares in Taboola.com Ltd. (NASDAQ:TBLA) Bought by Aigen Investment Management LP

Aigen Investment Management LP bought a new position in Taboola.com Ltd. (NASDAQ:TBLA) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 18,654 shares of the company’s stock, valued at approximately $63,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Taboola.com by 2.7% in the first quarter. Vanguard Group Inc. now owns 660,112 shares of the company’s stock valued at $2,931,000 after acquiring an additional 17,216 shares during the period. Acadian Asset Management LLC increased its position in shares of Taboola.com by 558.2% in the first quarter. Acadian Asset Management LLC now owns 671,712 shares of the company’s stock valued at $2,977,000 after acquiring an additional 569,663 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Taboola.com in the first quarter valued at about $335,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Taboola.com in the first quarter valued at about $271,000. Finally, Bayesian Capital Management LP purchased a new position in shares of Taboola.com in the first quarter valued at about $61,000. Hedge funds and other institutional investors own 42.89% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TBLA shares. Benchmark reiterated a “buy” rating and set a $5.00 price target on shares of Taboola.com in a research report on Monday, October 7th. Needham & Company LLC reiterated a “buy” rating and set a $5.00 price target on shares of Taboola.com in a research report on Friday, November 8th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $5.31.

Insider Transactions at Taboola.com

In other news, Director Lynda M. Clarizio sold 29,606 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $3.61, for a total value of $106,877.66. Following the transaction, the director now owns 176,158 shares in the company, valued at approximately $635,930.38. This represents a 14.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 22.40% of the company’s stock.

Taboola.com Trading Down 1.9 %

NASDAQ:TBLA opened at $3.14 on Monday. Taboola.com Ltd. has a one year low of $2.87 and a one year high of $5.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.31 and a quick ratio of 1.31. The company’s 50-day simple moving average is $3.35 and its 200 day simple moving average is $3.51. The firm has a market capitalization of $916.88 million, a P/E ratio of -31.40 and a beta of 1.28.

Taboola.com (NASDAQ:TBLA) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04). The business had revenue of $433.10 million for the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned ($0.02) EPS. As a group, analysts forecast that Taboola.com Ltd. will post 0.03 EPS for the current fiscal year.

About Taboola.com

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.