R Squared Ltd Invests $68,000 in Taboola.com Ltd. (NASDAQ:TBLA)

R Squared Ltd bought a new position in Taboola.com Ltd. (NASDAQ:TBLA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 18,660 shares of the company’s stock, valued at approximately $68,000.

A number of other large investors have also bought and sold shares of TBLA. JPMorgan Chase & Co. boosted its stake in Taboola.com by 54.7% in the third quarter. JPMorgan Chase & Co. now owns 727,181 shares of the company’s stock worth $2,443,000 after purchasing an additional 257,009 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Taboola.com by 32.3% in the second quarter. Millennium Management LLC now owns 1,339,987 shares of the company’s stock valued at $4,610,000 after buying an additional 327,518 shares during the last quarter. Algert Global LLC acquired a new position in Taboola.com during the 2nd quarter worth about $1,020,000. Harbor Capital Advisors Inc. grew its holdings in Taboola.com by 22.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 33,051 shares of the company’s stock worth $121,000 after acquiring an additional 6,094 shares during the last quarter. Finally, Barclays PLC increased its position in Taboola.com by 1,218.5% in the 3rd quarter. Barclays PLC now owns 36,431 shares of the company’s stock valued at $122,000 after acquiring an additional 33,668 shares in the last quarter. 42.89% of the stock is currently owned by institutional investors.

Taboola.com Price Performance

Shares of TBLA stock opened at $3.81 on Friday. The firm’s 50 day moving average price is $3.76 and its two-hundred day moving average price is $3.48. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.31. Taboola.com Ltd. has a 52-week low of $2.87 and a 52-week high of $5.00. The stock has a market cap of $1.11 billion, a PE ratio of -38.10 and a beta of 1.26.

Taboola.com (NASDAQ:TBLA) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.04). The company had revenue of $433.10 million during 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 quarter in the prior year, the business earned ($0.02) earnings per share.

Wall Street Analyst Weigh In

TBLA has been the topic of a number of research reports. JMP Securities reduced their target price on shares of Taboola.com from $6.00 to $5.00 and set a “market outperform” rating on the stock in a research report on Monday, January 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $5.00 price objective on shares of Taboola.com in a report on Friday, January 17th. Finally, Benchmark reissued a “buy” rating and issued a $5.00 target price on shares of Taboola.com in a research note on Monday, October 7th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $5.25.

Insider Transactions at Taboola.com

In other news, Director Richard T. Scanlon sold 250,000 shares of Taboola.com stock in a transaction on 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 directly owns 70,642 shares of the company’s stock, valued at $223,228.72. This trade represents a 77.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate 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.