Intellectus Partners LLC Raises Holdings in Taboola.com Ltd. (NASDAQ:TBLA)

Intellectus Partners LLC boosted its stake in shares of Taboola.com Ltd. (NASDAQ:TBLA) by 4.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 367,668 shares of the company’s stock after acquiring an additional 16,000 shares during the quarter. Intellectus Partners LLC owned 0.13% of Taboola.com worth $1,235,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. nVerses Capital LLC increased its holdings in shares of Taboola.com by 74.5% during the 3rd quarter. nVerses Capital LLC now owns 9,600 shares of the company’s stock valued at $32,000 after purchasing an additional 4,100 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in Taboola.com during the first quarter valued at $61,000. Point72 Asset Management L.P. purchased a new position in Taboola.com in the second quarter valued at $47,000. Aigen Investment Management LP acquired a new position in shares of Taboola.com in the third quarter worth about $63,000. Finally, EverSource Wealth Advisors LLC purchased a new stake in shares of Taboola.com during the 2nd quarter worth about $69,000. 42.89% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Benchmark reaffirmed a “buy” rating and issued a $5.00 price target on shares of Taboola.com in a report on Monday, October 7th. Needham & Company LLC reiterated a “buy” rating and set a $5.00 target price 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 company currently has an average rating of “Buy” and an average price target of $5.31.

Taboola.com Trading Down 1.8 %

Shares of Taboola.com stock opened at $3.20 on Friday. The business has a 50 day simple moving average of $3.35 and a two-hundred day simple moving average of $3.53. Taboola.com Ltd. has a 12 month low of $2.87 and a 12 month 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.

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). Taboola.com had a negative net margin of 1.96% and a negative return on equity of 1.68%. The firm had revenue of $433.10 million during the quarter, compared to analyst estimates of $429.43 million. During the same period in the prior year, the company posted ($0.02) earnings per share. As a group, equities research analysts anticipate that Taboola.com Ltd. will post 0.03 EPS for the current year.

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 stock was sold at an average price of $3.61, for a total value of $106,877.66. Following the completion of the sale, the director now directly owns 176,158 shares in the company, valued at $635,930.38. This represents a 14.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 22.40% of the company’s stock.

Taboola.com 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.